Convergence Investment Partners LLC Acquires New Shares in NVR, Inc. $NVR

Key Points

• Convergence Investment Partners acquired 259 NVR shares worth approximately $1.765 million, while institutional investors collectively own 83.67% of the company.
• NVR’s latest quarter showed pressure, with revenue falling 10.5% year over year to $2.34 billion and quarterly EPS declining from $108.54 to $83.96.
• Analyst sentiment remains cautious: NVR has a consensus “Hold” rating, a $7,224.20 average price target, and Zacks downgraded the stock to “Strong Sell” while reducing several earnings forecasts.

Convergence Investment Partners LLC acquired a new position in shares of NVR, Inc. (NYSE:NVR - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 259 shares of the construction company's stock, valued at approximately $1,765,000.

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

Insider Activity at NVR

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

NVR News Roundup

Here are the key news stories impacting NVR this week:

• Positive Sentiment: NVR director George Oliver purchased 63 shares valued at approximately $405,000, establishing a direct equity position. The insider purchase may be viewed as a signal of confidence in the homebuilder’s long-term prospects, although its size is modest relative to NVR’s market capitalization. NVR Director George Oliver Buys $405K in Stock
• Neutral Sentiment: Brokerages collectively assign NVR an average “Hold” recommendation, suggesting analysts see limited near-term upside despite the company’s strong balance sheet and profitability. NVR Given Average Recommendation of Hold
• Negative Sentiment: Zacks Research lowered its EPS forecasts for NVR’s third quarter and fourth quarter of 2026, citing estimates of $107.17 and $112.20, respectively, versus prior forecasts of $107.42 and $115.02.
• Negative Sentiment: Longer-term revisions were also mostly unfavorable: Q1 2028 EPS was cut to $89.06 from $91.22, Q4 2027 EPS to $121.22 from $123.01, and fiscal 2028 EPS to $452.16 from $461.91. Although Q3 2027 EPS was raised to $117.58 from $115.67, the overall pattern points to reduced earnings expectations.
• Negative Sentiment: Zacks retained its “Strong Sell” rating. The revisions add pressure to NVR’s valuation outlook, particularly after its latest reported quarter showed revenue down 10.5% year over year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Zacks Research cut NVR from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 21st. UBS Group reduced their price objective on NVR from $7,700.00 to $7,400.00 and set a "neutral" rating on the stock in a research report on Friday, July 24th. Bank of America decreased their price objective on NVR from $7,600.00 to $7,200.00 and set a "buy" rating on the stock in a research note on Monday, July 20th. Truist Financial dropped 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. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of NVR in a research note on Tuesday, August 4th. 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. According to data from MarketBeat, NVR has a consensus rating of "Hold" and a consensus price target of $7,224.20.

NVR Price Performance

Shares of NYSE:NVR opened at $6,308.22 on Friday. The company has a market cap of $16.78 billion, a P/E ratio of 16.36, a P/E/G ratio of 10.51 and a beta of 0.91. The business has a fifty day simple moving average of $6,451.29 and a 200-day simple moving average of $6,660.61. NVR, Inc. has a 52 week low of $5,501.01 and a 52 week high of $8,618.28. 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 released its earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share 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 prior year, the business posted $108.54 earnings per share. The firm's revenue for the quarter was down 10.5% compared to the same quarter last year. Equities research 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source