Allianz Asset Management GmbH Acquires 2,891 Shares of NVR, Inc. $NVR

Allianz Asset Management GmbH increased its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 1,562.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,076 shares of the construction company's stock after purchasing an additional 2,891 shares during the period. Allianz Asset Management GmbH owned approximately 0.12% of NVR worth $20,958,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. California State Teachers Retirement System boosted its position in NVR by 730,998.7% during the second quarter. California State Teachers Retirement System now owns 26,728,968 shares of the construction company's stock worth $182,115,151,000 after purchasing an additional 26,725,312 shares during the period. BlackRock Inc. acquired a new position in NVR in the 2nd quarter valued at $2,004,324,000. Capital Research Global Investors raised its holdings in NVR by 0.4% in the 4th quarter. Capital Research Global Investors now owns 133,554 shares of the construction company's stock worth $973,979,000 after acquiring an additional 551 shares during the period. Corient Private Wealth LLC lifted its position in NVR by 407.5% during the 4th quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company's stock worth $332,346,000 after acquiring an additional 36,592 shares during the last quarter. Finally, Norges Bank bought a new stake in NVR during the fourth quarter valued at about $311,496,000. 83.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NVR shares. Truist Financial cut their price objective on NVR from $6,600.00 to $6,400.00 and set a "hold" rating for the company in a research report on Friday, July 24th. UBS Group reduced their price objective on NVR from $7,700.00 to $7,400.00 and set a "neutral" rating for the company in a research report on Friday, July 24th. Weiss Ratings upgraded shares of NVR from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, August 18th. Zelman & Associates raised shares of NVR from a "hold" rating to a "buy" rating in a report on Tuesday, July 7th. Finally, BTIG Research set a $7,446.00 price objective on shares of NVR in a report on Friday, July 24th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $7,224.20.

Insiders Place Their Bets

In related news, Director George Oliver purchased 63 shares of the stock in a transaction on Friday, August 7th. The shares were purchased at an average cost of $6,431.51 per share, for a total transaction of $405,185.13. Following the completion of the transaction, the director directly owned 63 shares of the company's stock, valued at approximately $405,185.13. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.60% of the stock is owned by company insiders.

NVR Price Performance

Shares of NVR stock opened at $6,306.62 on Tuesday. 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 firm's 50-day simple moving average is $6,407.09 and its 200-day simple moving average is $6,491.34. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28. The firm has a market cap of $16.78 billion, a P/E ratio of 16.36, a price-to-earnings-growth ratio of 10.53 and a beta of 0.91.

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

NVR Company Profile

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.

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