Councilmark Asset Management LLC Invests $1.20 Million in NVR, Inc. $NVR

Key Points

• Councilmark Asset Management initiated a $1.20 million position in NVR during the second quarter by purchasing 176 shares. Institutional investors and hedge funds collectively own 83.67% of the company.
• Analysts maintain a consensus “Hold” rating, with an average price target of $7,224.20 after several firms reduced their targets; NVR shares recently opened at $6,432.84.
• NVR’s latest quarterly revenue fell 10.5% year over year to $2.34 billion, below estimates, while earnings declined from the prior year despite exceeding consensus expectations.

Councilmark Asset Management LLC bought a new stake in NVR, Inc. (NYSE:NVR - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 176 shares of the construction company's stock, valued at approximately $1,199,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. acquired a new position in NVR during the 2nd quarter worth about $2,004,324,000. Capital Research Global Investors raised its holdings in shares of NVR by 0.4% in the 4th quarter. Capital Research Global Investors now owns 133,554 shares of the construction company's stock valued at $973,979,000 after purchasing an additional 551 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in NVR by 407.5% during the 4th quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company's stock worth $332,346,000 after buying an additional 36,592 shares during the last quarter. Norges Bank purchased a new stake in NVR during the fourth quarter worth approximately $311,496,000. Finally, Capital World Investors boosted its holdings in shares of NVR by 0.3% in the 4th quarter. Capital World Investors now owns 40,703 shares of the construction company's stock valued at $296,838,000 after buying an additional 127 shares in the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NVR has been the topic of a number of research reports. Bank of America lowered their price target on NVR from $7,600.00 to $7,200.00 and set a "buy" rating on the stock in a report 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 note on Friday, July 24th. UBS Group cut their price objective on NVR from $7,700.00 to $7,400.00 and set a "neutral" rating for the company in a research report on Friday, July 24th. BTIG Research set a $7,446.00 price target on NVR in a report on Friday, July 24th. Finally, Weiss Ratings upgraded shares of NVR from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 18th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, NVR currently has a consensus rating of "Hold" and a consensus price target of $7,224.20.

NVR Price Performance

Shares of NVR opened at $6,432.84 on Wednesday. The company has a current ratio of 5.28, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27. NVR, Inc. has a 52 week low of $5,501.01 and a 52 week high of $8,618.28. The stock has a 50 day moving average of $6,450.03 and a 200-day moving average of $6,587.13. The firm has a market cap of $17.11 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 10.69 and a beta of 0.91.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the business earned $108.54 EPS. The firm's revenue was down 10.5% on a year-over-year basis. As a group, analysts forecast that NVR, Inc. will post 367.13 EPS for the current year.

Insider Buying and Selling

In other news, Director George Oliver bought 63 shares of the business's stock in a transaction 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 purchase, the director directly owned 63 shares in the company, valued at $405,185.13. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.60% of the company's stock.

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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