NVR, Inc. $NVR Shares Acquired by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its NVR stake by 44,708.9% in the third quarter, ending with 90,514 shares valued at about $557 million—roughly 3.4% of NVR.
• NVR’s latest quarter fell short of expectations: earnings were $89.45 per share versus $102.77 forecast, and revenue of $2.42 billion was down 8.2% year over year.
• Analyst views are mixed but lean negative: MarketBeat reports a consensus “Reduce” rating and average price target of $6,564.83.

Aberdeen Group plc raised its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 44,708.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 90,514 shares of the construction company's stock after purchasing an additional 90,312 shares during the period. NVR accounts for 0.6% of Aberdeen Group plc's portfolio, making the stock its 27th largest position. Aberdeen Group plc owned approximately 3.40% of NVR worth $557,058,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NVR. Berkshire Hathaway Inc purchased a new stake in shares of NVR in the second quarter worth $75,711,000. BlackRock Inc. purchased a new position in shares of NVR in the 2nd quarter worth about $2,004,324,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of NVR in the 2nd quarter worth about $44,887,000. The Manufacturers Life Insurance Company purchased a new position in shares of NVR in the 2nd quarter worth about $9,225,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in NVR in the 2nd quarter worth about $14,662,000. Institutional investors own 83.67% of the company's stock.

NVR Price Performance

Shares of NYSE:NVR opened at $5,855.11 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.02 and a current ratio of 5.07. The firm has a market cap of $15.49 billion, a price-to-earnings ratio of 16.14 and a beta of 0.93. The business has a 50-day simple moving average of $6,073.35 and a two-hundred day simple moving average of $6,482.12. NVR, Inc. has a fifty-two week low of $5,501.01 and a fifty-two week high of $8,200.00.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The construction company reported $89.45 EPS for the quarter, missing analysts' consensus estimates of $102.77 by ($13.32). The firm had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.57 billion. NVR had a net margin of 11.51% and a return on equity of 29.53%. The firm's revenue was down 8.2% compared to the same quarter last year. During the same quarter last year, the company posted $112.33 EPS. On average, analysts expect that NVR, Inc. will post 345.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NVR has been the topic of several recent analyst reports. Zacks Research downgraded shares of NVR from a "hold" rating to a "strong sell" rating in a research report on Monday, September 21st. BTIG Research reaffirmed a "buy" rating on shares of NVR in a report on Friday, October 23rd. Wall Street Zen downgraded shares of NVR from a "hold" rating to a "sell" rating in a research note on Saturday, October 3rd. Bank of America downgraded shares of NVR from a "buy" rating to an "underperform" rating and set a $5,900.00 target price on the stock. in a research note on Friday, October 23rd. Finally, UBS Group increased their price target on shares of NVR from $7,400.00 to $7,425.00 and gave the company a "neutral" rating in a report on Friday, October 23rd. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $6,564.83.

NVR Profile

NVR, Inc. is a homebuilding and mortgage banking company. Through its homebuilding operations, it designs and constructs single-family homes and townhomes for buyers across a range of price points. The company markets homes under the Ryan Homes, NVHomes and Heartland Homes brands. Its homebuilding business serves communities in multiple regions of the United States, including the Mid-Atlantic, Northeast, Southeast and Midwest. NVR also provides mortgage banking and related services to homebuyers through its mortgage operations.

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