Beacon Pointe Advisors LLC Purchases New Stake in NVR, Inc. $NVR

Key Points

• Beacon Pointe Advisors purchased a new 225-share stake in NVR during the second quarter, valued at approximately $1.53 million. Institutional investors and hedge funds collectively own 83.67% of the company.
• Analyst sentiment remains mixed but leans neutral: NVR has an average “Hold” rating and a consensus price target of $7,224.20, with some firms lowering targets while Zelman & Associates upgraded the stock to “Buy.”
• NVR reported quarterly revenue of $2.34 billion, down 10.5% year over year and below expectations, while earnings declined from the prior-year period. Shares opened at $6,413.48, near their 50-day average and well below the 52-week high of $8,618.28.

Beacon Pointe Advisors LLC bought a new stake in NVR, Inc. (NYSE:NVR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 225 shares of the construction company's stock, valued at approximately $1,533,000.

Other institutional investors have also made changes to their positions in the company. Clearstead Trust LLC acquired a new position in shares of NVR in the 2nd quarter valued at $27,000. DV Equities LLC acquired a new stake in shares of NVR during the fourth quarter worth $29,000. Strive Financial Group LLC acquired a new stake in shares of NVR during the fourth quarter worth $29,000. Trust Co. of Vermont bought a new stake in NVR in the 2nd quarter valued at $34,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in NVR in the 2nd quarter valued at $34,000. 83.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. 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. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. Weiss Ratings raised NVR from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 18th. Zelman & Associates raised shares of NVR from a "hold" rating to a "buy" rating in a research report on Tuesday, July 7th. Finally, UBS Group reduced their target price on shares of NVR from $7,700.00 to $7,400.00 and set a "neutral" rating for the company in a report on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $7,224.20.

NVR Trading Up 0.3%

Shares of NVR stock opened at $6,413.48 on Monday. The stock's fifty day moving average price is $6,448.16 and its two-hundred day moving average price is $6,553.34. The company has a market cap of $17.06 billion, a PE ratio of 16.63, a P/E/G ratio of 10.69 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. NVR, Inc. has a fifty-two week low of $5,501.01 and a fifty-two week high of $8,618.28.

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

Insider Activity

In related news, Director George Oliver acquired 63 shares of the business's stock in a transaction that occurred on Friday, August 7th. The shares were bought at an average cost of $6,431.51 per share, with a total value of $405,185.13. Following the completion of the purchase, the director directly owned 63 shares in the company, valued at $405,185.13. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 8.60% of the stock is owned by company insiders.

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.

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