Citadel Advisors LLC Acquires 6,133 Shares of NVR, Inc. $NVR

Key Points

• Citadel Advisors increased its NVR stake by 260.8% in the second quarter, acquiring 6,133 additional shares for a total of 8,485 shares valued at approximately $57.8 million. Institutional investors collectively own 83.67% of NVR.
• NVR shares opened at $6,306.62, near the midpoint of their 52-week range. The company reported quarterly revenue of $2.34 billion, down 10.5% year over year, while analysts project full-year earnings of $367.13 per share.
• Analyst sentiment remains mixed, with three Buy ratings and four Holds, producing an overall “Hold” rating and an average price target of $7,224.20. Director George Oliver also purchased 63 shares for approximately $405,000.

Citadel Advisors LLC raised its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 260.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,485 shares of the construction company's stock after acquiring an additional 6,133 shares during the quarter. Citadel Advisors LLC owned about 0.32% of NVR worth $57,812,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. VELA Investment Management LLC acquired a new position in shares of NVR in the 2nd quarter valued at $518,000. Amundi increased its holdings in NVR by 4.6% in the second quarter. Amundi now owns 7,706 shares of the construction company's stock valued at $52,504,000 after purchasing an additional 341 shares during the last quarter. Groupe la Francaise bought a new stake in NVR in the second quarter valued at about $313,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in NVR in the second quarter valued at about $681,000. Finally, California State Teachers Retirement System lifted its stake in NVR by 730,998.7% in the second quarter. California State Teachers Retirement System now owns 26,728,968 shares of the construction company's stock valued at $182,115,151,000 after buying an additional 26,725,312 shares during the period. Institutional investors and hedge funds own 83.67% of the company's stock.

Insider Buying and Selling

In related news, Director George Oliver purchased 63 shares of NVR stock in a transaction dated Friday, August 7th. The stock was bought at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the completion of the acquisition, the director directly owned 63 shares of the company's stock, valued at $405,185.13. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.60% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NVR shares. BTIG Research set a $7,446.00 target price on NVR in a research report on Friday, July 24th. Zacks Research upgraded shares of NVR from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 19th. UBS Group reduced their price objective on shares of 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. Bank of America decreased their price objective on shares of NVR from $7,600.00 to $7,200.00 and set a "buy" rating for the company in a report on Monday, July 20th. Finally, Zelman & Associates raised shares of 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 and four have assigned a Hold rating to the company. Based on data from MarketBeat, NVR currently has an average rating of "Hold" and an average price target of $7,224.20.

NVR Stock Up 0.1%

Shares of NVR stock opened at $6,306.62 on Monday. NVR, Inc. has a 1 year low of $5,501.01 and a 1 year high of $8,618.28. The business has a 50-day moving average of $6,417.15 and a two-hundred day moving average of $6,499.19. The company has a market capitalization 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. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24.

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 for the quarter, beating 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 business had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same quarter in the previous year, the business posted $108.54 EPS. NVR's revenue for the quarter was down 10.5% on a year-over-year basis. As a group, equities analysts predict that NVR, Inc. will post 367.13 EPS for the current 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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