Nomura Asset Management Co. Ltd. Acquires 67 Shares of NVR, Inc. $NVR

Nomura Asset Management Co. Ltd. boosted its stake in shares of NVR, Inc. (NYSE:NVR) by 5.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,398 shares of the construction company’s stock after buying an additional 67 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in NVR were worth $10,325,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in NVR. Boston Partners raised its holdings in shares of NVR by 9.8% during the second quarter. Boston Partners now owns 64,872 shares of the construction company’s stock worth $479,309,000 after acquiring an additional 5,795 shares during the period. JPMorgan Chase & Co. increased its holdings in NVR by 41.6% during the 1st quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company’s stock worth $379,639,000 after purchasing an additional 15,405 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of NVR by 217,591.3% in the 1st quarter. Jones Financial Companies Lllp now owns 50,069 shares of the construction company’s stock valued at $3,758,000 after purchasing an additional 50,046 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of NVR by 9,358.6% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 48,239 shares of the construction company’s stock valued at $356,277,000 after purchasing an additional 47,729 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of NVR by 7.5% during the first quarter. Wellington Management Group LLP now owns 47,995 shares of the construction company’s stock worth $347,694,000 after buying an additional 3,363 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analyst Ratings Changes

NVR has been the subject of a number of research reports. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price objective on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. UBS Group increased their target price on shares of NVR from $8,150.00 to $8,500.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Finally, Bank of America lowered their price target on shares of 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. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $8,366.67.

Insiders Place Their Bets

In other NVR news, Director Michael J. Devito purchased 14 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were acquired at an average cost of $7,068.05 per share, with a total value of $98,952.70. Following the completion of the transaction, the director owned 14 shares in the company, valued at $98,952.70. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alexandra A. Jung sold 200 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total transaction of $1,616,488.00. Following the transaction, the director owned 75 shares in the company, valued at approximately $606,183. The trade was a 72.73% decrease in their position. The disclosure for this sale is available in the SEC filing. 7.00% of the stock is currently owned by company insiders.

NVR Stock Down 0.3%

Shares of NVR stock opened at $7,128.52 on Thursday. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,376.75. The stock has a market cap of $20.24 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 9.94 and a beta of 0.93. The firm’s 50-day moving average is $7,678.50 and its 200-day moving average is $7,617.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79.

NVR (NYSE:NVR) last posted its earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share for the quarter, topping analysts’ consensus estimates of $107.88 by $4.45. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.54 billion. NVR had a return on equity of 35.81% and a net margin of 14.00%.The firm’s revenue was down 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $130.50 EPS. Sell-side analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

NVR Company Profile

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.