Envestnet Asset Management Inc. Boosts Position in NVR, Inc. $NVR

Envestnet Asset Management Inc. grew its holdings in shares of NVR, Inc. (NYSE:NVR) by 10.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,527 shares of the construction company’s stock after buying an additional 940 shares during the period. Envestnet Asset Management Inc. owned 0.33% of NVR worth $70,366,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in NVR. AdvisorNet Financial Inc purchased a new position in shares of NVR during the second quarter valued at approximately $30,000. Olde Wealth Management LLC purchased a new position in shares of NVR during the first quarter valued at approximately $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of NVR during the first quarter valued at approximately $36,000. Ridgewood Investments LLC increased its stake in shares of NVR by 150.0% during the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company’s stock valued at $36,000 after buying an additional 3 shares during the period. Finally, SouthState Corp purchased a new position in shares of NVR during the first quarter valued at approximately $36,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVR

In other news, Director Susan Williamson Ross sold 125 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $7,850.28, for a total value 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 represents a 24.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alexandra A. Jung sold 200 shares of the stock in a transaction on 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 completion of the sale, the director directly owned 75 shares in the company, valued at approximately $606,183. This represents a 72.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 975 shares of company stock valued at $7,869,360. Insiders own 7.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on NVR from $7,200.00 to $7,600.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Bank of America reduced their target price on NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. UBS Group upped their price target on NVR from $8,150.00 to $8,500.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $8,366.67.

NVR Price Performance

Shares of NVR stock opened at $7,238.04 on Friday. The stock has a market cap of $20.77 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 9.94 and a beta of 0.94. The business’s fifty day moving average is $7,964.47 and its 200 day moving average is $7,607.13. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,527.85. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR) last announced its quarterly earnings data on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $107.88 by $4.45. NVR had a return on equity of 35.81% and a net margin of 14.00%.The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the previous year, the business earned $130.50 earnings per share. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. Research analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.

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.