Royal London Asset Management Ltd. Sells 830 Shares of NVR, Inc. $NVR

Key Points

• Royal London Asset Management cut its NVR stake by 38.4%, selling 830 shares and retaining 1,329 shares valued at approximately $9.1 million. Institutional investors collectively own 83.67% of NVR.
• Analysts have mostly adopted a cautious stance, with three Buy ratings and four Holds. The stock has an average “Hold” rating and a consensus price target of $7,224.20.
• NVR shares opened at $6,311.96, down 1.3%, while quarterly revenue fell 10.5% year over year to $2.34 billion. The company nevertheless reported a 31.02% return on equity and a 12.26% net margin.

Royal London Asset Management Ltd. lowered its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 38.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,329 shares of the construction company's stock after selling 830 shares during the period. Royal London Asset Management Ltd.'s holdings in NVR were worth $9,055,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Clearstead Trust LLC acquired a new position in NVR in the second quarter valued at approximately $27,000. DV Equities LLC acquired a new stake in shares of NVR during the 4th quarter worth approximately $29,000. Strive Financial Group LLC acquired a new stake in shares of NVR during the 4th quarter worth approximately $29,000. Trust Co. of Vermont bought a new stake in shares of NVR in the 2nd quarter valued at $34,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of NVR in the 2nd quarter valued at $34,000. 83.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NVR has been the topic of several research analyst reports. BTIG Research set a $7,446.00 target price on shares of NVR in a research note on Friday, July 24th. Truist Financial reduced their price objective 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. Bank of America decreased their price objective on NVR from $7,600.00 to $7,200.00 and set a "buy" rating for the company in a report on Monday, July 20th. UBS Group lowered their target price on NVR from $7,700.00 to $7,400.00 and set a "neutral" rating on the stock in a research report on Friday, July 24th. Finally, Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, NVR has an average rating of "Hold" and a consensus price target of $7,224.20.

Insider Buying and Selling at NVR

In related news, Director George Oliver bought 63 shares of the business's stock in a transaction that occurred on Friday, August 7th. The shares were bought at an average price 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.60% of the stock is owned by corporate insiders.

NVR Trading Down 1.3%

NVR opened at $6,311.96 on Tuesday. 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 fifty-two week low of $5,501.01 and a fifty-two week high of $8,618.28. The firm has a market capitalization of $16.79 billion, a PE ratio of 16.37, a P/E/G ratio of 10.69 and a beta of 0.91. The company's 50-day moving average is $6,447.25 and its 200 day moving average is $6,540.84.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $83.06. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $108.54 EPS. As a group, research analysts predict that NVR, Inc. will post 367.13 earnings per share for the current fiscal year.

NVR Profile

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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