NVR, Inc. $NVR Shares Bought by Handelsbanken Fonder AB

Key Points

• Handelsbanken Fonder AB increased its NVR stake by 65.9% in the second quarter, purchasing 763 additional shares for a total of 1,921 shares valued at approximately $13.1 million. Institutional investors and hedge funds collectively own 83.67% of NVR.
• Analyst sentiment remains mixed, with three Buy, two Hold and two Sell ratings. NVR has an overall “Hold” rating and an average price target of $7,224.20, while several firms recently lowered their targets.
• NVR reported quarterly revenue of $2.34 billion, down 10.5% year over year and below estimates, while earnings per share exceeded expectations. The stock opened at $6,378.62, well below its 52-week high of $8,618.28.

Handelsbanken Fonder AB grew its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 65.9% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,921 shares of the construction company's stock after buying an additional 763 shares during the period. Handelsbanken Fonder AB owned 0.07% of NVR worth $13,089,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in NVR by 0.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 425 shares of the construction company's stock valued at $3,099,000 after acquiring an additional 2 shares during the period. International Assets Investment Management LLC grew its stake in shares of NVR by 3.9% in the 4th quarter. International Assets Investment Management LLC now owns 53 shares of the construction company's stock valued at $387,000 after purchasing an additional 2 shares during the last quarter. Ballentine Partners LLC increased its holdings in shares of NVR by 4.9% in the fourth quarter. Ballentine Partners LLC now owns 43 shares of the construction company's stock valued at $314,000 after purchasing an additional 2 shares during the period. AG2R LA Mondiale Gestion D Actifs raised its stake in shares of NVR by 1.6% during the fourth quarter. AG2R LA Mondiale Gestion D Actifs now owns 127 shares of the construction company's stock worth $926,000 after purchasing an additional 2 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of NVR by 28.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 9 shares of the construction company's stock worth $67,000 after purchasing an additional 2 shares during the period. Institutional investors and hedge funds own 83.67% of the company's stock.

Insider Activity

In other news, Director George Oliver purchased 63 shares of the firm's stock in a transaction dated 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 purchase, 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 purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 8.60% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on NVR shares. Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. Bank of America reduced their target price on shares of NVR from $7,600.00 to $7,200.00 and set a "buy" rating for the company in a research note on Monday, July 20th. Truist Financial lowered their target price on shares of NVR from $6,600.00 to $6,400.00 and set a "hold" rating on the stock in a report on Friday, July 24th. BTIG Research set a $7,446.00 price target on shares of NVR in a research note on Friday, July 24th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of NVR in a report on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, NVR has an average rating of "Hold" and an average price target of $7,224.20.

NVR Price Performance

NVR stock opened at $6,378.62 on Friday. The company has a market cap of $16.97 billion, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 10.38 and a beta of 0.91. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,618.28. The business has a fifty day moving average of $6,449.03 and a two-hundred day moving average of $6,663.09. 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 (NYSE:NVR - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $83.06. NVR had a net margin of 12.26% and a return on equity of 31.02%. The business had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same period in the prior year, the company posted $108.54 EPS. The business's revenue for the quarter was down 10.5% on a year-over-year basis. As a group, analysts predict that NVR, Inc. will post 371.98 earnings per share for the current fiscal year.

About NVR

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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