Westpac Banking Corp Purchases Shares of 492 NVR, Inc. $NVR

Key Points

• Westpac Banking Corp acquired 492 NVR shares worth approximately $3.35 million, while institutional investors collectively own 83.67% of the homebuilder’s stock.
• Analysts remain cautious: NVR carries a consensus “Hold” rating with a $7,224.20 target price, while Truist and UBS recently lowered their targets.
• NVR’s latest quarterly revenue fell 10.5% year over year to $2.34 billion, missing estimates, despite slightly higher future EPS projections and a director’s purchase of 63 shares.

Westpac Banking Corp acquired a new position in NVR, Inc. (NYSE:NVR - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 492 shares of the construction company's stock, valued at approximately $3,352,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in NVR in the second quarter worth $2,004,324,000. Capital Research Global Investors lifted its position in NVR by 0.4% during the fourth quarter. Capital Research Global Investors now owns 133,554 shares of the construction company's stock valued at $973,979,000 after purchasing an additional 551 shares during the last quarter. Corient Private Wealth LLC lifted its position in NVR by 407.5% during the fourth quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company's stock valued at $332,346,000 after purchasing an additional 36,592 shares during the last quarter. Norges Bank bought a new position in NVR during the fourth quarter valued at $311,496,000. Finally, Capital World Investors grew its stake in shares of NVR by 0.3% in the 4th quarter. Capital World Investors now owns 40,703 shares of the construction company's stock worth $296,838,000 after buying an additional 127 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on NVR shares. Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. Weiss Ratings upgraded NVR from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday. Zacks Research raised NVR from a "strong sell" rating to a "hold" rating in a research report on Wednesday. Truist Financial decreased their price target on NVR from $6,600.00 to $6,400.00 and set a "hold" rating on the stock in a report on Friday, July 24th. Finally, UBS Group lowered their price target on 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. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $7,224.20.

Key Headlines Impacting NVR

Here are the key news stories impacting NVR this week:

• Positive Sentiment: Zacks upgraded NVR from “Strong Sell” to “Hold,” removing a notably bearish rating overhang. The upgrade may be supporting investor confidence, though it does not represent a bullish recommendation. Zacks Research rating update
• Positive Sentiment: Zacks raised EPS estimates across multiple future periods, including Q3 2026 to $107.52 from $107.17, FY2026 to $371.53 from $371.09, FY2027 to $414.76 from $414.10, and FY2028 to $453.30 from $452.16. Estimates were also increased for Q1 and Q2 2027, Q3 and Q4 2027, and Q1 and Q2 2028. These broad, albeit small, upward revisions indicate slightly better expected earnings momentum for the homebuilder. NVR analyst estimates
• Neutral Sentiment: The estimate increases are relatively limited, and Zacks still maintains a “Hold” rating. Investors may therefore view the news as incremental rather than a major change to NVR’s outlook. The updated FY2026 projection of $371.53 is above the current full-year consensus estimate of $366.98.
• Negative Sentiment: NVR’s most recently reported quarter showed revenue of $2.34 billion, down 10.5% year over year and below the $2.40 billion consensus estimate. That recent top-line weakness remains a risk despite the improved forward EPS forecasts.

Insider Buying and Selling

In other NVR news, Director George Oliver bought 63 shares of the firm's stock in a transaction dated Friday, August 7th. The stock was acquired 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 in the company, valued at $405,185.13. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 8.60% of the stock is owned by company insiders.

NVR Stock Up 1.0%

Shares of NYSE:NVR opened at $6,362.57 on Friday. 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. The business has a 50 day simple moving average of $6,448.99 and a two-hundred day simple moving average of $6,615.60. NVR, Inc. has a 1 year low of $5,501.01 and a 1 year high of $8,618.28. 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 (NYSE:NVR - Get Free Report) last issued its quarterly earnings results 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 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 the consensus estimate of $2.40 billion. During the same period in the prior year, the business posted $108.54 earnings per share. The company's revenue for the quarter was down 10.5% on a year-over-year basis. On average, equities analysts predict that NVR, Inc. will post 366.98 EPS 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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