Ritholtz Wealth Management Raises Position in NVR, Inc. $NVR

Ritholtz Wealth Management grew its stake in NVR, Inc. (NYSE:NVR) by 225.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 530 shares of the construction company’s stock after purchasing an additional 367 shares during the quarter. Ritholtz Wealth Management’s holdings in NVR were worth $4,258,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of NVR. Norges Bank purchased a new position in NVR during the 2nd quarter worth $268,447,000. Robeco Institutional Asset Management B.V. lifted its position in shares of NVR by 844.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 8,321 shares of the construction company’s stock valued at $66,856,000 after purchasing an additional 7,440 shares in the last quarter. Symphony Financial Ltd. Co. purchased a new position in NVR during the second quarter worth about $54,548,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in NVR in the 2nd quarter worth about $49,115,000. Finally, Boston Partners grew its position in NVR by 9.9% in the 2nd quarter. Boston Partners now owns 64,952 shares of the construction company’s stock worth $479,900,000 after purchasing an additional 5,875 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

Analyst Ratings Changes

NVR has been the topic of a number of research analyst reports. BTIG Research initiated coverage on NVR in a research note on Monday, December 1st. They issued a “buy” rating and a $9,022.00 target price on the stock. Bank of America dropped their price target on NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. UBS Group decreased their target price on NVR from $8,500.00 to $8,150.00 and set a “neutral” rating for the company in a research report on Tuesday, January 6th. Finally, Wall Street Zen cut NVR from a “hold” rating to a “sell” rating in a research note on Saturday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $8,443.00.

Insider Activity

In other NVR news, Director Michael J. Devito purchased 14 shares of the stock in a transaction dated Monday, November 3rd. The shares were bought at an average price of $7,068.05 per share, with a total value of $98,952.70. Following the completion of the transaction, the director directly owned 14 shares in the company, valued at approximately $98,952.70. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 7.00% of the stock is currently owned by company insiders.

NVR Stock Performance

NYSE:NVR opened at $7,547.55 on Friday. The company has a market capitalization of $21.44 billion, a P/E ratio of 16.57, a P/E/G ratio of 10.34 and a beta of 1.01. The business has a fifty day simple moving average of $7,411.06 and a two-hundred day simple moving average of $7,690.57. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.96 and a quick ratio of 3.16. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $8,618.28.

NVR (NYSE:NVR) last posted its quarterly earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share for the quarter, topping the consensus estimate of $107.88 by $4.45. NVR had a return on equity of 35.89% and a net margin of 14.00%.The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the prior year, the company earned $130.50 EPS. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. On average, analysts expect that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR Company Profile

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.