Banco Santander S.A. Acquires 193 Shares of NVR, Inc. $NVR

Key Points

• Banco Santander increased its NVR stake by 77.5% during the second quarter, purchasing 193 additional shares for a total of 442 shares valued at approximately $3.0 million.
• Institutional investors and hedge funds own 83.67% of NVR. Wall Street’s consensus rating is “Hold”, with a consensus price target of $7,224.20, despite mixed analyst views ranging from “Buy” to “Strong Sell.”
• NVR shares opened at $6,378.62, below their 52-week high of $8,618.28. Quarterly revenue fell 10.5% year over year to $2.34 billion, missing estimates, while reported EPS exceeded consensus expectations.

Banco Santander S.A. grew its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 77.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 442 shares of the construction company's stock after acquiring an additional 193 shares during the quarter. Banco Santander S.A.'s holdings in NVR were worth $3,012,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NVR. AustralianSuper Pty Ltd bought a new stake in shares of NVR during the fourth quarter worth $4,835,000. Norges Bank acquired a new position in shares of NVR during the fourth quarter worth $311,496,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of NVR in the 4th quarter valued at $3,989,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of NVR by 13,371.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,544 shares of the construction company's stock valued at $55,017,000 after acquiring an additional 7,488 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of NVR by 4.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,896 shares of the construction company's stock valued at $42,916,000 after acquiring an additional 261 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

Wall Street Analyst Weigh In

NVR has been the topic of a number of research reports. Weiss Ratings restated a "sell (d+)" rating on shares of NVR in a research report on Tuesday, August 4th. Truist Financial dropped their target price 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 cut their price target on NVR from $7,700.00 to $7,400.00 and set a "neutral" rating on the stock in a research note on Friday, July 24th. Zacks Research cut NVR from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 21st. Finally, Zelman & Associates raised NVR from a "hold" rating to a "buy" rating in a research note on Tuesday, July 7th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $7,224.20.

Insider Activity

In related news, Director George Oliver acquired 63 shares of the stock in a transaction dated Friday, August 7th. The stock was bought 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 $405,185.13. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.60% of the stock is owned by company insiders.

NVR Stock Performance

Shares of NVR stock opened at $6,378.62 on Friday. The stock has a market cap of $16.97 billion, a price-to-earnings ratio of 16.54, a P/E/G ratio of 10.38 and a beta of 0.91. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28. The company's fifty day moving average is $6,449.03 and its 200 day moving average is $6,663.09. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27.

NVR (NYSE:NVR - Get Free Report) last announced its earnings results on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, topping the consensus estimate of $0.90 by $83.06. NVR had a return on equity of 31.02% and a net margin of 12.26%.The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the previous year, the business earned $108.54 EPS. The business's quarterly revenue was down 10.5% compared to the same quarter last year. Sell-side analysts forecast that NVR, Inc. will post 371.98 EPS for the current year.

NVR 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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