Triad Investment Management Acquires Shares of 871 NVR, Inc. $NVR

Key Points

• Triad Investment Management initiated a position of 871 NVR shares valued at approximately $5.93 million, making NVR its largest holding at 6.7% of assets.
• NVR reported quarterly revenue of $2.34 billion, down 10.5% year over year, while earnings per share exceeded analysts’ estimates. The company posted a 31.02% return on equity and a 12.26% net margin.
• Analyst sentiment remains cautious: three analysts rate NVR a Buy and four rate it Hold, producing an average “Hold” rating and a consensus price target of $7,224.20 versus a share price of about $6,200.

Triad Investment Management bought a new position in NVR, Inc. (NYSE:NVR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 871 shares of the construction company's stock, valued at approximately $5,934,000. NVR comprises 6.7% of Triad Investment Management's holdings, making the stock its biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Clearstead Trust LLC purchased a new position in NVR during the second quarter valued at approximately $27,000. DV Equities LLC purchased a new stake in NVR in 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 acquired a new stake in shares of NVR during the 2nd quarter worth approximately $34,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of NVR during the 2nd quarter worth approximately $34,000. 83.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NVR has been the subject of several analyst reports. Zelman & Associates upgraded shares of NVR from a "hold" rating to a "buy" rating in a research note on Tuesday, July 7th. Zacks Research upgraded shares of NVR from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 19th. UBS Group cut their price objective on shares of NVR from $7,700.00 to $7,400.00 and set a "neutral" rating for the company in a report on Friday, July 24th. Truist Financial decreased their price objective 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. Finally, BTIG Research set a $7,446.00 target price on shares of NVR in a research note on Friday, July 24th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, NVR has an average rating of "Hold" and a consensus price target of $7,224.20.

NVR Trading Up 1.4%

Shares of NVR stock opened at $6,200.43 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24. The company has a market cap of $16.49 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 10.22 and a beta of 0.91. The stock has a 50 day simple moving average of $6,384.66 and a 200-day simple moving average of $6,472.30. NVR, Inc. has a 1-year low of $5,501.01 and a 1-year high of $8,563.79.

NVR (NYSE:NVR - Get Free Report) last announced its 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. NVR had a return on equity of 31.02% and a net margin of 12.26%.The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the firm posted $108.54 EPS. The business's revenue was down 10.5% on a year-over-year basis. On average, equities research analysts expect that NVR, Inc. will post 367.13 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director George Oliver acquired 63 shares of NVR stock in a transaction on Friday, August 7th. The stock was bought at an average cost of $6,431.51 per share, for a total transaction of $405,185.13. Following the completion of the transaction, the director owned 63 shares of the company's stock, valued at approximately $405,185.13. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 8.60% of the company's stock.

About NVR

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs, constructs and sells single-family homes, townhomes and condominiums under the Ryan Homes, NVHomes and Heartland Homes brands.

NVR primarily serves homebuyers in the Mid-Atlantic, Midwest and Southeast regions of the United States. Its communities are developed in a range of suburban and urban markets, with homes generally marketed to first-time, move-up and luxury buyers.

Through its mortgage banking operations, NVR provides mortgage loans and related services to many of the customers who purchase its homes.

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