Sumitomo Mitsui DS Asset Management Company Ltd Purchases 64 Shares of NVR, Inc. $NVR

Key Points

• Sumitomo Mitsui DS Asset Management increased its stake in NVR, Inc. by 16.9%, owning 443 shares valued at approximately $3.27 million as of the end of the recent quarter.
• Major investors like GAMMA Investing LLC and Siemens Fonds Invest GmbH significantly boosted their holdings in NVR, with GAMMA increasing by over 838,000% and Siemens by over 116,000%.
• UBS Group and JPMorgan Chase both raised their target prices for NVR, now ranging from $7,600 to $8,150, while the consensus rating for the stock remains a "Hold".

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 16.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 443 shares of the construction company's stock after acquiring an additional 64 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in NVR were worth $3,272,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Olde Wealth Management LLC bought a new position in NVR in the first quarter valued at about $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of NVR during the first quarter worth about $36,000. Ridgewood Investments LLC grew its holdings in shares of NVR by 150.0% during the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock worth $36,000 after purchasing an additional 3 shares during the last quarter. SouthState Corp bought a new stake in shares of NVR during the first quarter worth about $36,000. Finally, CX Institutional bought a new stake in shares of NVR during the first quarter worth about $43,000. Institutional investors own 83.67% of the company's stock.

NVR Stock Performance

Shares of NVR stock traded up $16.64 during trading hours on Tuesday, hitting $7,941.87. 4,477 shares of the company's stock traded hands, compared to its average volume of 22,386. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The stock has a market capitalization of $22.79 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 11.25 and a beta of 0.95. The company has a fifty day simple moving average of $8,005.03 and a 200-day simple moving average of $7,500.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NVR shares. UBS Group boosted their price target on NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. boosted their price target on NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $8,783.33.

Insider Transactions at NVR

In other news, Director Alexandra A. Jung sold 200 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total transaction of $1,616,488.00. Following the completion of the transaction, the director owned 75 shares in the company, valued at approximately $606,183. This represents a 72.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Matthew B. Kelpy sold 600 shares of the stock in a transaction 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 transaction, the chief accounting officer owned 208 shares of the company's stock, valued at $1,684,800. The trade was a 74.26% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 975 shares of company stock worth $7,869,360. 7.80% of the stock is owned by company insiders.

NVR 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.