Man Group plc Purchases Shares of 1,142 NVR, Inc. $NVR

Key Points

• Man Group acquired 1,142 NVR shares during the second quarter, valued at approximately $7.8 million. Institutional investors collectively own 83.67% of NVR.
• NVR reported quarterly revenue of $2.34 billion, below the $2.40 billion consensus estimate, while revenue fell 10.5% year over year. Analysts expect full-year earnings of $367.13 per share.
• NVR shares opened at $6,413.48, with analysts maintaining a consensus “Hold” rating and an average price target of $7,224.20 after several brokerages reduced their targets.

Man Group plc acquired a new position in shares of NVR, Inc. (NYSE:NVR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,142 shares of the construction company's stock, valued at approximately $7,781,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clearstead Trust LLC acquired a new stake in NVR in the second quarter valued at approximately $27,000. DV Equities LLC bought a new stake in shares of NVR during the fourth quarter valued at approximately $29,000. Strive Financial Group LLC bought a new stake in shares of NVR during the fourth quarter valued at approximately $29,000. Trust Co. of Vermont bought a new position in shares of NVR in the 2nd quarter worth $34,000. Finally, Global Retirement Partners LLC acquired a new stake in NVR in the 2nd quarter valued at $41,000. Institutional investors own 83.67% of the company's stock.

NVR Stock Up 0.8%

NVR stock opened at $6,413.48 on Friday. The firm has a market capitalization of $17.06 billion, a PE ratio of 16.63, a P/E/G ratio of 10.64 and a beta of 0.91. 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, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28. The stock's 50 day moving average is $6,448.16 and its 200-day moving average is $6,562.74.

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

Insiders Place Their Bets

In other news, Director George Oliver acquired 63 shares of the business's stock in a transaction on Friday, August 7th. The shares were purchased at an average cost 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. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NVR. Weiss Ratings upgraded shares of NVR from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, August 18th. Bank of America dropped their price objective on shares of 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. UBS Group reduced their price objective on shares of NVR from $7,700.00 to $7,400.00 and set a "neutral" rating for the company in a report on Friday, July 24th. Truist Financial decreased their target price on shares of 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, Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, NVR 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.

Want to see what other hedge funds are holding NVR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVR, Inc. (NYSE:NVR - Free Report).

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