Praxis Investment Management Inc. Acquires Shares of 50 NVR, Inc. $NVR

Key Points

• Praxis Investment Management Inc. has acquired 50 shares of NVR, Inc., valued at approximately $369,000, in the second quarter, joining other institutional investors who also adjusted their stakes.
• NVR, Inc. reported quarterly earnings of $108.54 per share, beating analysts’ expectations, although revenue decreased 0.5% year over year.
• A variety of research analysts have updated their ratings on NVR, with UBS Group raising its target price from $7,900 to $8,150, and an overall consensus rating of "Hold" for the stock.

Praxis Investment Management Inc. acquired a new stake in shares of NVR, Inc. (NYSE:NVR - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 50 shares of the construction company's stock, valued at approximately $369,000.

A number of other institutional investors have also added to or reduced their stakes in NVR. Ballentine Partners LLC grew its holdings in shares of NVR by 6.7% in the first quarter. Ballentine Partners LLC now owns 32 shares of the construction company's stock valued at $232,000 after purchasing an additional 2 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of NVR by 4.2% in the first quarter. Baird Financial Group Inc. now owns 50 shares of the construction company's stock valued at $362,000 after purchasing an additional 2 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in shares of NVR by 0.5% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 386 shares of the construction company's stock valued at $2,796,000 after purchasing an additional 2 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of NVR by 6.5% in the second quarter. Fifth Third Bancorp now owns 33 shares of the construction company's stock valued at $244,000 after purchasing an additional 2 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in shares of NVR by 4.2% in the second quarter. QRG Capital Management Inc. now owns 50 shares of the construction company's stock valued at $369,000 after purchasing an additional 2 shares in the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Stock Up 0.6%

Shares of NYSE NVR opened at $7,650.93 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79. The firm has a market capitalization of $21.96 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 10.62 and a beta of 0.94. The stock has a 50 day moving average price of $8,066.86 and a 200 day moving average price of $7,576.61. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $104.89 by $3.65. The firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.46 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%.NVR's quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $120.69 earnings per share. Sell-side analysts expect that NVR, Inc. will post 505.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. UBS Group raised their target price on shares of NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Weiss Ratings reissued a "hold (c+)" rating on shares of NVR in a report on Wednesday, October 8th. Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Bank of America dropped their price objective on shares of NVR from $9,100.00 to $9,000.00 and set a "buy" rating for the company in a research note on Friday, October 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, NVR currently has an average rating of "Hold" and a consensus target price of $8,250.00.

Insider Activity at NVR

In related news, CAO Matthew B. Kelpy sold 600 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the completion of the sale, the chief accounting officer owned 208 shares in the company, valued at approximately $1,684,800. The trade was a 74.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan Williamson Ross sold 125 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total value of $981,285.00. Following the completion of the sale, the director owned 386 shares of the company's stock, valued at $3,030,208.08. The trade was a 24.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 975 shares of company stock worth $7,869,360. Company insiders own 7.00% of the company's stock.

NVR Company Profile

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.

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