Vise Technologies Inc. Purchases New Stake in NVR, Inc. $NVR

Key Points

• Vise Technologies purchased 319 NVR shares worth approximately $2.17 million in the second quarter. Institutional investors collectively own 83.67% of NVR.
• Director George Oliver bought 63 shares at an average price of $6,431.51, while company insiders own 8.60% of the stock.
• Analyst sentiment remains generally cautious, with a consensus “Hold” rating and a $7,224.20 price target. NVR’s latest quarterly revenue fell 10.5% year over year to $2.34 billion, while the stock recently traded near $6,363.

Vise Technologies Inc. purchased a new stake in NVR, Inc. (NYSE:NVR - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 319 shares of the construction company's stock, valued at approximately $2,174,000.

Other large investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of NVR by 0.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 425 shares of the construction company's stock valued at $3,099,000 after purchasing an additional 2 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of NVR by 3.9% during the fourth quarter. International Assets Investment Management LLC now owns 53 shares of the construction company's stock worth $387,000 after purchasing an additional 2 shares during the last quarter. Ballentine Partners LLC grew its stake in NVR by 4.9% in the fourth quarter. Ballentine Partners LLC now owns 43 shares of the construction company's stock worth $314,000 after purchasing an additional 2 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs grew its stake in NVR by 1.6% in the fourth quarter. AG2R LA Mondiale Gestion D Actifs now owns 127 shares of the construction company's stock worth $926,000 after purchasing an additional 2 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in NVR by 28.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 9 shares of the construction company's stock valued at $67,000 after buying an additional 2 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

Insider Activity at NVR

In related news, Director George Oliver bought 63 shares of the stock in a transaction dated Friday, August 7th. The stock was bought at an average cost of $6,431.51 per share, with a total value of $405,185.13. Following the completion of the acquisition, the director owned 63 shares of the company's stock, valued at $405,185.13. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.60% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on NVR shares. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. Zacks Research upgraded NVR from a "strong sell" rating to a "hold" rating in a research report on Wednesday. Truist Financial lowered their price target on NVR from $6,600.00 to $6,400.00 and set a "hold" rating for the company in a report on Friday, July 24th. BTIG Research set a $7,446.00 price target on NVR in a research report on Friday, July 24th. Finally, Zelman & Associates raised NVR from a "hold" rating to a "buy" rating in a research report on Tuesday, July 7th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $7,224.20.

NVR Trading Up 1.0%

NYSE NVR opened at $6,362.57 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,618.28. The company has a 50-day simple moving average of $6,448.99 and a 200-day simple moving average of $6,615.60. The firm has a market capitalization of $16.92 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 10.53 and a beta of 0.91.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, topping the consensus estimate of $0.90 by $83.06. NVR had a net margin of 12.26% and a return on equity of 31.02%. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the prior year, the business earned $108.54 earnings per share. NVR's quarterly revenue was down 10.5% on a year-over-year basis. On average, equities analysts forecast that NVR, Inc. will post 366.98 earnings per share for the current year.

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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