Jupiter Topco LLC Invests $1.63 Million in NVR, Inc. $NVR

Key Points

• Jupiter Topco LLC acquired 240 shares of NVR during the second quarter, worth approximately $1.63 million. Institutional investors collectively own 83.67% of the homebuilder’s stock.
• NVR reported quarterly EPS of $83.96, far above the stated analyst consensus, while revenue reached $2.34 billion, down 10.5% year over year and below expectations.
• Analysts maintain a generally cautious view, with three Buy ratings and four Holds; NVR has an average rating of Hold and an average price target of $7,224.20.

Jupiter Topco LLC acquired a new position in NVR, Inc. (NYSE:NVR - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 240 shares of the construction company's stock, valued at approximately $1,631,000.

Several other institutional investors have also modified their holdings of the stock. J. Goldman & Co LP purchased a new stake in shares of NVR during the 2nd quarter valued at approximately $327,000. Hsbc Holdings PLC purchased a new stake in NVR in the second quarter valued at $73,157,000. Canada Pension Plan Investment Board purchased a new position in shares of NVR during the second quarter worth approximately $29,141,000. Osterweis Capital Management Inc. acquired a new stake in shares of NVR during the second quarter worth $26,995,000. Finally, Legal & General Group Plc acquired a new stake in NVR in the second quarter valued at $126,164,000. Institutional investors and hedge funds own 83.67% of the company's stock.

NVR Stock Performance

NYSE NVR opened at $6,306.62 on Friday. The stock has a market cap of $16.78 billion, a PE ratio of 16.36, a PEG ratio of 10.65 and a beta of 0.91. The firm's fifty day moving average price is $6,417.15 and its two-hundred day moving average price is $6,506.27. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28. NVR, Inc. has a fifty-two week low of $5,501.01 and a fifty-two week high of $8,618.28.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $83.06. The business had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. The business's quarterly revenue was down 10.5% on a year-over-year basis. During the same period last year, the company posted $108.54 earnings per share. On average, equities analysts expect that NVR, Inc. will post 367.13 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Weiss Ratings raised NVR from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, August 18th. Bank of America lowered their target price 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 target on shares of NVR from $6,600.00 to $6,400.00 and set a "hold" rating on the stock in a research note on Friday, July 24th. BTIG Research set a $7,446.00 price target on NVR in a research report on Friday, July 24th. Finally, Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $7,224.20.

Insider Buying and Selling

In other NVR news, Director George Oliver purchased 63 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was bought at an average cost of $6,431.51 per share, with a total value of $405,185.13. Following the transaction, the director directly owned 63 shares in the company, valued at approximately $405,185.13. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 8.60% of the company's stock.

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.

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