73 Shares in NVR, Inc. $NVR Bought by DoubleLine ETF Adviser LP

Key Points

• DoubleLine ETF Adviser LP has acquired a new position in NVR, Inc., purchasing 73 shares valued approximately at $529,000 during the first quarter.
• Institutional investors have increased their holdings in NVR, with significant percentage raises reported by various firms, resulting in institutional ownership reaching 83.67% of the company's stock.
• Several brokerages have raised their price targets for NVR, with JPMorgan setting a new target of $7,600 and UBS raising theirs to $8,150, indicating a generally favorable outlook for the stock.

DoubleLine ETF Adviser LP acquired a new position in shares of NVR, Inc. (NYSE:NVR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 73 shares of the construction company's stock, valued at approximately $529,000.

Several other institutional investors have also modified their holdings of the stock. Advisors Asset Management Inc. raised its position in shares of NVR by 17.6% during the 1st quarter. Advisors Asset Management Inc. now owns 20 shares of the construction company's stock worth $145,000 after purchasing an additional 3 shares during the last quarter. Amundi increased its stake in NVR by 23.9% during the 1st quarter. Amundi now owns 11,311 shares of the construction company's stock worth $80,421,000 after buying an additional 2,180 shares in the last quarter. Federation des caisses Desjardins du Quebec raised its holdings in shares of NVR by 8.5% during the first quarter. Federation des caisses Desjardins du Quebec now owns 153 shares of the construction company's stock valued at $1,109,000 after acquiring an additional 12 shares during the last quarter. Marshfield Associates lifted its position in shares of NVR by 1.1% in the first quarter. Marshfield Associates now owns 23,838 shares of the construction company's stock valued at $172,692,000 after acquiring an additional 256 shares in the last quarter. Finally, Graham Capital Management L.P. purchased a new position in shares of NVR in the first quarter valued at approximately $1,630,000. Institutional investors and hedge funds own 83.67% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on NVR. JPMorgan Chase & Co. boosted their price target on NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. UBS Group increased their target price on shares of NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $8,783.33.

NVR Stock Up 2.6%

Shares of NVR opened at $8,399.83 on Friday. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $7,839.55 and a two-hundred day simple moving average of $7,410.23. The company has a market capitalization of $24.11 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 11.39 and a beta of 0.95.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $104.89 by $3.65. The firm had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. NVR's revenue was down .5% compared to the same quarter last year. During the same period last year, the business earned $120.69 earnings per share. As a group, equities analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

Insiders Place Their Bets

In other NVR news, Director Susan Williamson Ross sold 125 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total value of $981,285.00. Following the transaction, the director owned 386 shares of the company's stock, valued at $3,030,208.08. This represents a 24.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Matthew B. Kelpy sold 600 shares of NVR stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the sale, the chief accounting officer owned 208 shares of the company's stock, valued at approximately $1,684,800. This represents a 74.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 975 shares of company stock valued at $7,869,360 over the last quarter. 7.00% of the stock is owned by insiders.

NVR Company Profile

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.

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