Nykredit A S Makes New $7.65 Million Investment in NVR, Inc. $NVR

Key Points

• Nykredit A/S acquired 1,123 NVR shares during the second quarter, worth approximately $7.65 million. Institutional investors collectively own 83.67% of NVR.
• NVR reported quarterly revenue of $2.34 billion, down 10.5% year over year and below analyst estimates. The company posted a 31.02% return on equity and 12.26% net margin.
• Analyst sentiment remains mixed, with three Buy ratings and four Holds; the consensus rating is Hold, with an average price target of $7,224.20.

Nykredit A S purchased a new stake in NVR, Inc. (NYSE:NVR - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 1,123 shares of the construction company's stock, valued at approximately $7,651,000.

A number of other large investors also recently made changes to their positions in the business. Clearstead Trust LLC purchased a new stake in shares of NVR in the second quarter valued at $27,000. DV Equities LLC purchased a new position in NVR during the fourth quarter worth about $29,000. Strive Financial Group LLC acquired a new stake in NVR in the 4th quarter worth about $29,000. Trust Co. of Vermont acquired a new stake in NVR in the 2nd quarter worth about $34,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in NVR in the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 83.67% of the company's stock.

Insider Buying and Selling

In other NVR news, Director George Oliver purchased 63 shares of NVR 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 completion of the transaction, the director directly owned 63 shares in the company, valued at approximately $405,185.13. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.60% of the company's stock.

NVR Stock Performance

Shares of NYSE:NVR opened at $6,306.62 on Friday. The business has a 50-day moving average of $6,417.15 and a two-hundred day moving average of $6,506.27. The firm has a market capitalization of $16.78 billion, a PE ratio of 16.36, a P/E/G ratio of 10.53 and a beta of 0.91. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24. NVR, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,618.28.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, beating the consensus estimate of $0.90 by $83.06. NVR had a return on equity of 31.02% and a net margin of 12.26%.The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the company posted $108.54 EPS. The company's revenue was down 10.5% compared to the same quarter last year. As a group, research analysts forecast that NVR, Inc. will post 367.13 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on NVR. Zelman & Associates raised shares of NVR from a "hold" rating to a "buy" rating in a research note on Tuesday, July 7th. BTIG Research set a $7,446.00 target price on shares of NVR in a report on Friday, July 24th. Truist Financial dropped their price target 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. Zacks Research raised shares of NVR from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 19th. Finally, Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $7,224.20.

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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