Epoch Investment Partners Inc. Increases Stake in NVR, Inc. $NVR

Key Points

• Epoch Investment Partners increased its NVR stake by 10.7% in the first quarter, bringing its holdings to 16,359 shares worth about $107.8 million.
• NVR reported second-quarter EPS of $83.96, far above estimates, but revenue fell about 10.5% year over year to $2.34 billion and missed expectations.
• Analyst sentiment remains mixed to cautious, with the stock carrying a Hold consensus rating and a consensus price target of $7,224.20 after several recent downgrades and target cuts.

Epoch Investment Partners Inc. lifted its stake in NVR, Inc. (NYSE:NVR - Free Report) by 10.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,359 shares of the construction company's stock after buying an additional 1,577 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.61% of NVR worth $107,803,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NVR. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in NVR by 1,935.7% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,280 shares of the construction company's stock valued at $15,025,000 after acquiring an additional 2,168 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of NVR by 45.7% during the first quarter. Renaissance Technologies LLC now owns 7,080 shares of the construction company's stock valued at $46,656,000 after purchasing an additional 2,220 shares in the last quarter. Aristides Capital LLC increased its holdings in shares of NVR by 62.6% in the first quarter. Aristides Capital LLC now owns 335 shares of the construction company's stock worth $2,208,000 after purchasing an additional 129 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of NVR in the first quarter worth about $2,590,000. Finally, Inceptionr LLC purchased a new stake in shares of NVR in the first quarter worth about $1,516,000. Institutional investors own 83.67% of the company's stock.

NVR Trading Up 4.4%

NVR stock opened at $6,425.36 on Friday. The company has a quick ratio of 2.67, a current ratio of 5.19 and a debt-to-equity ratio of 0.26. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28. The stock has a market capitalization of $17.35 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 15.80 and a beta of 0.90. The firm's fifty day simple moving average is $6,370.66 and its two-hundred day simple moving average is $6,786.91.

NVR (NYSE:NVR - Get Free Report) last announced its earnings results 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. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 30.23%. The business's revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $108.54 earnings per share. As a group, analysts anticipate that NVR, Inc. will post 371.11 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Seaport Research Partners reissued a "sell" rating and set a $5,664.00 price target on shares of NVR in a research note on Tuesday, April 7th. Weiss Ratings downgraded NVR from a "hold (c)" rating to a "sell (d+)" rating in a research note on Thursday, May 7th. Zelman & Associates raised NVR from a "hold" rating to a "buy" rating in a report on Tuesday, July 7th. Bank of America cut their target price 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, Zacks Research downgraded shares of NVR from a "hold" rating to a "strong sell" rating in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $7,224.20.

More NVR News

Here are the key news stories impacting NVR this week:

• Negative Sentiment: NVR’s second-quarter results missed expectations on revenue and earnings, with EPS falling to $83.96 from $108.54 a year ago and revenue dropping about 10% as fewer settlements and lower pricing weighed on results. NVR, INC. ANNOUNCES SECOND QUARTER RESULTS
• Negative Sentiment: Homebuilding margin pressure was a key concern, with higher lot costs, pricing pressure, and contract land deposit impairments cutting profitability despite improved orders and backlog growth. NVR Q2 Earnings Miss Estimates on Margin Pressure, Stock Down
• Negative Sentiment: Truist Financial lowered its price target on NVR to $6,400 from $6,600 and kept a hold rating, signaling more cautious expectations for the shares. Benzinga
• Negative Sentiment: Zacks Research downgraded NVR to “strong sell” and trimmed several future earnings estimates, reinforcing concerns that near-term earnings momentum may stay weak. Zacks.com

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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