UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Holdings in NVR, Inc. $NVR

Key Points

• UBS Asset Management increased its NVR stake by 1.5% in the second quarter to 21,595 shares valued at approximately $147.1 million. Institutional investors collectively own 83.67% of the homebuilder’s stock.
• Several major investors, including Berkshire Hathaway, BlackRock and Mitsubishi UFJ Asset Management, initiated positions in NVR during the period, while director George Oliver purchased 63 shares worth about $405,000.
• NVR shares opened at $6,284.54, below their 50-day and 200-day moving averages. Analysts maintain a consensus “Hold” rating with an average price target of $7,224.20, as quarterly revenue fell 10.5% year over year.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in NVR, Inc. (NYSE:NVR - Free Report) by 1.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,595 shares of the construction company's stock after acquiring an additional 329 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.81% of NVR worth $147,135,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Berkshire Hathaway Inc purchased a new stake in shares of NVR in the second quarter valued at approximately $75,711,000. BlackRock Inc. purchased a new position in shares of NVR during the 2nd quarter valued at approximately $2,004,324,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in NVR in the 2nd quarter valued at $44,887,000. AustralianSuper Pty Ltd acquired a new stake in NVR in the 4th quarter valued at $4,835,000. Finally, Wealthfront Advisers LLC purchased a new stake in NVR in the 2nd quarter worth $1,949,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NVR news, Director George Oliver acquired 63 shares of the business's stock in a transaction on Friday, August 7th. The stock was bought at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the acquisition, the director owned 63 shares in the company, valued at approximately $405,185.13. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 8.60% of the company's stock.

NVR Trading Down 0.5%

Shares of NVR opened at $6,284.54 on Wednesday. NVR, Inc. has a 52-week low of $5,501.01 and a 52-week high of $8,618.28. The stock has a market cap of $16.72 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 10.55 and a beta of 0.91. The firm's fifty day moving average is $6,444.91 and its two-hundred day moving average is $6,528.02. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Thursday, July 23rd. The construction company reported $83.96 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 analysts' expectations of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. The company's quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the business earned $108.54 earnings per share. Research analysts forecast that NVR, Inc. will post 367.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NVR has been the subject of a number of research analyst reports. Zelman & Associates upgraded shares of NVR from a "hold" rating to a "buy" rating in a research report on Tuesday, July 7th. Truist Financial cut their target price on shares of 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. Weiss Ratings upgraded shares of NVR from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, August 18th. UBS Group reduced their price target on shares of NVR from $7,700.00 to $7,400.00 and set a "neutral" rating for the company in a research report on Friday, July 24th. Finally, Zacks Research raised shares of NVR from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 19th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price 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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