Legal & General Group Plc Takes $126.16 Million Position in NVR, Inc. $NVR

Key Points

• Legal & General Group Plc acquired 18,517 NVR shares worth approximately $126.2 million, representing about 0.69% of the homebuilder; institutional investors collectively own 83.67% of NVR.
• NVR reported quarterly revenue of $2.34 billion, down 10.5% year over year, while earnings exceeded the provided consensus estimate. Analysts expect full-year EPS of approximately $367.13.
• NVR shares opened at $6,361.72, below the consensus analyst target of $7,224.20. The stock carries a consensus “Hold” rating from seven analysts, including three Buy ratings and four Holds.

Legal & General Group Plc acquired a new position in NVR, Inc. (NYSE:NVR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 18,517 shares of the construction company's stock, valued at approximately $126,164,000. Legal & General Group Plc owned approximately 0.69% of NVR at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Clearstead Trust LLC acquired a new stake in NVR during the second quarter valued at $27,000. DV Equities LLC acquired a new position in NVR in the 4th quarter worth about $29,000. Strive Financial Group LLC acquired a new position in NVR in the 4th quarter worth about $29,000. Trust Co. of Vermont acquired a new position in NVR in the 2nd quarter worth about $34,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of NVR during the 2nd quarter worth about $41,000. Hedge funds and other institutional investors own 83.67% of the company's stock.

Insider Transactions at NVR

In other NVR news, Director George Oliver bought 63 shares of the stock in a transaction on Friday, August 7th. The shares were purchased at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the acquisition, the director directly owned 63 shares of the company's stock, valued at $405,185.13. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 8.60% of the stock is owned by company insiders.

NVR Stock Performance

NYSE:NVR opened at $6,361.72 on Friday. NVR, Inc. has a 1 year low of $5,501.01 and a 1 year high of $8,618.28. The firm's fifty day simple moving average is $6,449.51 and its 200 day simple moving average is $6,563.79. The company has a current ratio of 5.28, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $16.92 billion, a PE ratio of 16.50, a PEG ratio of 10.64 and a beta of 0.91.

NVR (NYSE:NVR - Get Free Report) last announced its earnings results on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, topping the consensus estimate of $0.90 by $83.06. The firm 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 31.02%. The business's quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $108.54 EPS. On average, sell-side analysts anticipate that NVR, Inc. will post 367.13 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. Zacks Research upgraded shares of NVR from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 19th. Zelman & Associates raised shares of NVR from a "hold" rating to a "buy" rating in a research note on Tuesday, July 7th. Weiss Ratings upgraded shares of NVR from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 18th. Finally, Bank of America lowered their target price on shares of NVR from $7,600.00 to $7,200.00 and set a "buy" rating on the stock in a research report on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, NVR presently has a consensus rating of "Hold" and a consensus target price of $7,224.20.

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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