Jupiter Topco LLC Takes Position in NVR, Inc. $NVR

Jupiter Topco LLC purchased a new position in shares of NVR, Inc. (NYSE:NVR) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 240 shares of the construction company’s stock, valued at approximately $1,631,000.

A number of other hedge funds have also modified their holdings of NVR. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in NVR by 0.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 425 shares of the construction company’s stock valued at $3,099,000 after acquiring an additional 2 shares during the period. AG2R LA Mondiale Gestion D Actifs raised its stake in NVR by 1.6% during the 4th quarter. AG2R LA Mondiale Gestion D Actifs now owns 127 shares of the construction company’s stock valued at $926,000 after acquiring an additional 2 shares during the last quarter. Ballentine Partners LLC raised its stake in shares of NVR by 4.9% during the 4th quarter. Ballentine Partners LLC now owns 43 shares of the construction company’s stock worth $314,000 after buying an additional 2 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of NVR by 3.9% in the 4th quarter. International Assets Investment Management LLC now owns 53 shares of the construction company’s stock worth $387,000 after buying an additional 2 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in NVR by 28.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 9 shares of the construction company’s stock valued at $67,000 after acquiring an additional 2 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NVR shares. BTIG Research set a $7,446.00 price objective on NVR in a research note on Friday, July 24th. Bank of America lowered their price objective on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. UBS Group dropped their target price on NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Truist Financial lowered their price target on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Finally, Weiss Ratings upgraded NVR from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 18th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $7,224.20.

Insiders Place Their Bets

In other NVR news, Director George Oliver bought 63 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were purchased at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the completion of the transaction, the director directly owned 63 shares in the company, valued at approximately $405,185.13. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 8.60% of the stock is owned by corporate insiders.

NVR Stock Performance

Shares of NYSE:NVR opened at $6,306.62 on Friday. The company has a market capitalization of $16.78 billion, a price-to-earnings ratio of 16.36, a P/E/G ratio of 10.65 and a beta of 0.91. NVR, Inc. has a fifty-two week low of $5,501.01 and a fifty-two week high of $8,618.28. The firm’s 50 day simple moving average is $6,417.15 and its 200 day simple moving average is $6,506.27. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24.

NVR (NYSE:NVR) last issued its earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $83.06. NVR had a net margin of 12.26% and a return on equity of 31.02%. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the previous year, the company earned $108.54 earnings per share. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis. As a group, sell-side analysts forecast that NVR, Inc. will post 367.13 earnings per share for the current year.

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.