Renaissance Technologies LLC Purchases 2,220 Shares of NVR, Inc. $NVR

Renaissance Technologies LLC increased its holdings in NVR, Inc. (NYSE:NVR) by 45.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 7,080 shares of the construction company’s stock after acquiring an additional 2,220 shares during the quarter. Renaissance Technologies LLC’s holdings in NVR were worth $46,656,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. DV Equities LLC purchased a new position in NVR during the fourth quarter worth about $29,000. Strive Financial Group LLC purchased a new stake in shares of NVR in the 4th quarter valued at about $29,000. Oakworth Capital Inc. purchased a new stake in shares of NVR in the 4th quarter valued at about $36,000. State of Wyoming bought a new stake in shares of NVR during the 2nd quarter valued at about $44,000. Finally, USA Financial Formulas boosted its position in shares of NVR by 75.0% during the 4th quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock valued at $51,000 after acquiring an additional 3 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.

NVR Price Performance

NVR opened at $6,318.46 on Tuesday. The stock has a 50-day moving average price of $6,382.71 and a 200-day moving average price of $6,776.78. NVR, Inc. has a 12-month low of $5,501.01 and a 12-month high of $8,618.28. The company has a current ratio of 5.28, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $17.06 billion, a P/E ratio of 16.39, a PEG ratio of 16.46 and a beta of 0.90.

NVR (NYSE:NVR) last announced its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, beating the consensus estimate of $0.90 by $83.06. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.40 billion. NVR had a return on equity of 31.02% and a net margin of 12.26%.The company’s revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the company earned $108.54 EPS. Equities analysts predict that NVR, Inc. will post 371.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. UBS Group cut their price objective on NVR from $7,700.00 to $7,400.00 and set a “neutral” rating for the company in a report on Friday. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Seaport Research Partners reissued a “sell” rating and issued a $5,664.00 price target on shares of NVR in a research note on Tuesday, April 7th. BTIG Research set a $7,446.00 price target on shares of NVR in a report on Friday. Finally, Zelman & Associates upgraded shares of NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, NVR presently has a consensus rating of “Hold” and a consensus price target of $7,224.20.

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.