Boston Trust Walden Corp Purchases 4,218 Shares of NVR, Inc. $NVR

Key Points

• Boston Trust Walden Corp opened a new NVR position, buying 4,218 shares worth about $25.96 million and representing roughly 0.16% of the homebuilder.
• NVR’s latest reported quarter fell short of expectations: EPS was $89.45 versus a $102.77 consensus, revenue was $2.42 billion versus $2.57 billion expected, and revenue declined 8.2% year over year.
• Analyst sentiment is mixed but leans cautious: the consensus rating is “Reduce,” with a $6,564.83 average price target; institutional investors own 83.67% of NVR shares.

Boston Trust Walden Corp bought a new stake in shares of NVR, Inc. (NYSE:NVR - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 4,218 shares of the construction company's stock, valued at approximately $25,959,000. Boston Trust Walden Corp owned approximately 0.16% of NVR as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NVR. Chicago Partners Investment Group LLC raised its stake in shares of NVR by 101.8% in the third quarter. Chicago Partners Investment Group LLC now owns 220 shares of the construction company's stock valued at $1,316,000 after acquiring an additional 111 shares during the last quarter. Mraz Amerine & Associates Inc. grew its position in NVR by 0.8% during the 3rd quarter. Mraz Amerine & Associates Inc. now owns 526 shares of the construction company's stock worth $3,237,000 after acquiring an additional 4 shares during the last quarter. Markel Group Inc. increased its holdings in NVR by 0.6% during the 3rd quarter. Markel Group Inc. now owns 12,167 shares of the construction company's stock valued at $74,880,000 after purchasing an additional 70 shares in the last quarter. MFG Investments LLC acquired a new stake in NVR during the 3rd quarter valued at $3,354,000. Finally, Provenance Wealth Advisors LLC bought a new position in NVR in the 3rd quarter valued at $55,000. Institutional investors own 83.67% of the company's stock.

NVR Stock Performance

Shares of NVR stock opened at $6,424.97 on Friday. The company's fifty day simple moving average is $6,109.63 and its 200-day simple moving average is $6,530.66. NVR, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,200.00. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27. The firm has a market cap of $17.09 billion, a PE ratio of 17.71 and a beta of 0.93.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The construction company reported $89.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $102.77 by ($13.32). NVR had a net margin of 11.51% and a return on equity of 29.23%. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same period in the previous year, the business earned $112.33 earnings per share. The business's quarterly revenue was down 8.2% on a year-over-year basis. Equities research analysts expect that NVR, Inc. will post 345.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NVR. Truist Financial reduced their price target on shares of NVR from $6,600.00 to $6,400.00 and set a "hold" rating on the stock in a research report on Friday, July 24th. Weiss Ratings cut shares of NVR from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday. Zacks Research cut shares of NVR from a "hold" rating to a "strong sell" rating in a research report on Monday, September 21st. BTIG Research reaffirmed a "buy" rating on shares of NVR in a research note on Friday, October 23rd. Finally, UBS Group upped their target price on shares of NVR from $7,400.00 to $7,425.00 and gave the stock a "neutral" rating in a research report on Friday, October 23rd. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of $6,564.83.

NVR Company Profile

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs and constructs single-family detached homes, townhomes and condominiums for buyers in a range of residential markets.

NVR markets homes primarily under the Ryan Homes, NVHomes and Heartland Homes brands. Ryan Homes generally serves a broad range of buyers, while NVHomes focuses on higher-end communities. The company's homebuilding operations serve selected markets across the Mid-Atlantic, Midwest and Southeast regions of the United States.

Through NVR Mortgage, the company provides mortgage loan origination services to many of its homebuyers.

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