Korea Investment CORP Takes $8.16 Million Position in NVR, Inc. $NVR

Korea Investment CORP purchased a new stake in shares of NVR, Inc. (NYSE:NVR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,197 shares of the construction company’s stock, valued at approximately $8,156,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of NVR during the second quarter valued at $2,004,324,000. Capital Research Global Investors grew its position in shares of NVR by 0.4% during the 4th quarter. Capital Research Global Investors now owns 133,554 shares of the construction company’s stock valued at $973,979,000 after acquiring an additional 551 shares during the period. Corient Private Wealth LLC increased its stake in shares of NVR by 407.5% in the 4th quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock worth $332,346,000 after purchasing an additional 36,592 shares in the last quarter. Norges Bank bought a new position in NVR in the 4th quarter worth $311,496,000. Finally, Capital World Investors raised its holdings in NVR by 0.3% in the 4th quarter. Capital World Investors now owns 40,703 shares of the construction company’s stock worth $296,838,000 after purchasing an additional 127 shares during the period. 83.67% of the stock is owned by institutional investors.

NVR Price Performance

NVR stock opened at $6,400.46 on Tuesday. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,618.28. The company’s fifty day moving average price is $6,450.29 and its 200-day moving average price is $6,598.36. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28. The company has a market capitalization of $17.03 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 10.63 and a beta of 0.91.

NVR (NYSE:NVR) last posted its earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, beating the consensus estimate of $0.90 by $83.06. The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. NVR’s quarterly revenue was down 10.5% on a year-over-year basis. During the same period last year, the company posted $108.54 earnings per share. On average, equities analysts anticipate that NVR, Inc. will post 367.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on NVR shares. Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. BTIG Research set a $7,446.00 price objective on NVR in a research report on Friday, July 24th. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Bank of America reduced their target price on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating for the company in a report on Monday, July 20th. Finally, UBS Group decreased their target price on shares of NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7,224.20.

Insider Buying and Selling

In related news, Director George Oliver acquired 63 shares of the company’s stock in a transaction on Friday, August 7th. The stock was acquired at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the acquisition, the director directly owned 63 shares of the company’s stock, valued at approximately $405,185.13. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 8.60% of the stock is currently owned by insiders.

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.