8,613 Shares in NVR, Inc. $NVR Acquired by Corient Private Wealth LP

Corient Private Wealth LP purchased a new stake in shares of NVR, Inc. (NYSE:NVR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,613 shares of the construction company's stock, valued at approximately $58,677,000. Corient Private Wealth LP owned 0.32% of NVR as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Clearstead Trust LLC purchased a new stake in shares of NVR during the 2nd quarter valued at about $27,000. DV Equities LLC purchased a new stake in shares of NVR in the fourth quarter worth approximately $29,000. Strive Financial Group LLC bought a new stake in shares of NVR during the fourth quarter worth $29,000. Trust Co. of Vermont bought a new stake in NVR during the 2nd quarter valued at about $34,000. Finally, Global Retirement Partners LLC purchased a new stake in NVR in the second quarter worth about $41,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NVR has been the subject of several research reports. Zelman & Associates raised shares of NVR from a "hold" rating to a "buy" rating in a research report on Tuesday, July 7th. Truist Financial reduced their price objective on shares of NVR from $6,600.00 to $6,400.00 and set a "hold" rating for the company in a research note on Friday, July 24th. Weiss Ratings raised NVR from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, August 18th. Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. Finally, Zacks Research upgraded NVR from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 19th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, NVR presently has a consensus rating of "Hold" and a consensus target price of $7,224.20.

NVR Stock Down 0.1%

Shares of NVR stock opened at $6,361.72 on Friday. NVR, Inc. has a fifty-two week low of $5,501.01 and a fifty-two week high of $8,618.28. The firm has a market capitalization of $16.92 billion, a PE ratio of 16.50, a P/E/G ratio of 10.64 and a beta of 0.91. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28. The stock's 50-day simple moving average is $6,449.51 and its 200-day simple moving average is $6,563.79.

NVR (NYSE:NVR - Get Free Report) last released its earnings results on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $83.06. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.40 billion. NVR had a return on equity of 31.02% and a net margin of 12.26%.The company's revenue was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $108.54 earnings per share. Equities analysts expect that NVR, Inc. will post 367.13 earnings per share for the current year.

Insider Transactions at NVR

In other NVR news, Director George Oliver acquired 63 shares of the firm's stock in a transaction on Friday, August 7th. The stock was acquired at an average cost of $6,431.51 per share, for a total transaction of $405,185.13. Following the purchase, the director owned 63 shares in the company, valued at approximately $405,185.13. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.60% of the company's stock.

About NVR

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR's homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source