Praxis Investment Management Inc. Makes New $369,000 Investment in NVR, Inc. $NVR

Praxis Investment Management Inc. bought a new position in shares of NVR, Inc. (NYSE:NVR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50 shares of the construction company’s stock, valued at approximately $369,000.

A number of other hedge funds also recently bought and sold shares of the stock. Commons Capital LLC lifted its holdings in NVR by 88.9% during the second quarter. Commons Capital LLC now owns 102 shares of the construction company’s stock worth $753,000 after buying an additional 48 shares during the period. Generali Asset Management SPA SGR lifted its holdings in NVR by 28.5% during the second quarter. Generali Asset Management SPA SGR now owns 510 shares of the construction company’s stock worth $3,767,000 after buying an additional 113 shares during the period. Bayforest Capital Ltd increased its position in shares of NVR by 61.5% during the second quarter. Bayforest Capital Ltd now owns 63 shares of the construction company’s stock worth $465,000 after purchasing an additional 24 shares in the last quarter. TD Asset Management Inc increased its position in shares of NVR by 0.7% during the second quarter. TD Asset Management Inc now owns 20,673 shares of the construction company’s stock worth $152,684,000 after purchasing an additional 140 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of NVR by 8.1% during the second quarter. Sequoia Financial Advisors LLC now owns 40 shares of the construction company’s stock worth $295,000 after purchasing an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NVR. UBS Group upped their price target on NVR from $7,900.00 to $8,150.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Bank of America reduced their price target on NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price target on NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $8,250.00.

NVR Price Performance

NYSE NVR opened at $7,650.93 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. The stock’s fifty day moving average price is $8,066.86 and its 200 day moving average price is $7,576.61. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77. The company has a market cap of $21.96 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 10.62 and a beta of 0.94.

NVR (NYSE:NVR) last released 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 for the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the prior year, the firm earned $120.69 EPS. The firm’s revenue was down .5% on a year-over-year basis. As a group, equities research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

Insider Activity at NVR

In other NVR news, Director Susan Williamson Ross sold 125 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the sale, the director directly owned 386 shares of the company’s stock, valued at approximately $3,030,208.08. This trade represents a 24.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alexandra A. Jung sold 200 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the sale, the director directly owned 75 shares in the company, valued at $606,183. This represents a 72.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 975 shares of company stock valued at $7,869,360 in the last ninety days. Company insiders own 7.00% of the company’s stock.

About NVR

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.