National Pension Service Has $8.65 Million Position in NVR, Inc. $NVR

Key Points

• National Pension Service increased its NVR position by 34% in the second quarter, bringing its holdings to 1,270 shares worth approximately $8.65 million. Institutional investors and hedge funds collectively own 83.67% of NVR.
• NVR reported quarterly revenue of $2.34 billion, down 10.5% year over year, while earnings per share declined from $108.54 to $83.96. Analysts project full-year EPS of $367.13.
• NVR shares opened at $6,170.58, below the consensus analyst price target of $7,224.20. Ratings remain mixed, with three Buy recommendations and four Holds, resulting in an overall “Hold” consensus.

National Pension Service raised its position in NVR, Inc. (NYSE:NVR - Free Report) by 34.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,270 shares of the construction company's stock after purchasing an additional 322 shares during the period. National Pension Service's holdings in NVR were worth $8,653,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of NVR. Clearstead Trust LLC acquired a new position in shares of NVR in the 2nd quarter valued at $27,000. DV Equities LLC acquired a new stake in NVR during the 4th quarter worth $29,000. Strive Financial Group LLC bought a new position in NVR during the fourth quarter worth about $29,000. Trust Co. of Vermont bought a new position in NVR during the second quarter worth about $34,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in NVR in the second quarter valued at about $34,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Price Performance

NVR stock opened at $6,170.58 on Friday. The stock has a 50-day moving average price of $6,360.47 and a two-hundred day moving average price of $6,459.84. NVR, Inc. has a 1 year low of $5,501.01 and a 1 year high of $8,544.39. The stock has a market cap of $16.41 billion, a PE ratio of 16.00, a price-to-earnings-growth ratio of 10.30 and a beta of 0.91. 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 (NYSE:NVR - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $83.06. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.40 billion. NVR had a return on equity of 31.02% and a net margin of 12.26%.The company's quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $108.54 earnings per share. Equities analysts forecast that NVR, Inc. will post 367.13 EPS for the current fiscal year.

Insider Transactions at NVR

In other news, Director George Oliver bought 63 shares of the company's stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the transaction, the director owned 63 shares in the company, valued at $405,185.13. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.60% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on NVR. Zelman & Associates upgraded NVR from a "hold" rating to a "buy" rating in a report on Tuesday, July 7th. Weiss Ratings upgraded NVR from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, August 18th. Truist Financial lowered their target price 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. BTIG Research set a $7,446.00 target price on shares of NVR in a report on Friday, July 24th. Finally, Zacks Research raised shares of NVR from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 19th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $7,224.20.

NVR Profile

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs, constructs and sells single-family homes, townhomes and condominiums under the Ryan Homes, NVHomes and Heartland Homes brands.

NVR primarily serves homebuyers in the Mid-Atlantic, Midwest and Southeast regions of the United States. Its communities are developed in a range of suburban and urban markets, with homes generally marketed to first-time, move-up and luxury buyers.

Through its mortgage banking operations, NVR provides mortgage loans and related services to many of the customers who purchase its homes.

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