Saudi Central Bank Raises Position in NVR, Inc. $NVR

Saudi Central Bank increased its stake in shares of NVR, Inc. (NYSE:NVR) by 85.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 185 shares of the construction company’s stock after buying an additional 85 shares during the quarter. Saudi Central Bank’s holdings in NVR were worth $1,260,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of NVR. Clearstead Trust LLC purchased a new stake in NVR in the 2nd quarter valued at about $27,000. DV Equities LLC bought a new position in shares of NVR in the fourth quarter valued at approximately $29,000. Strive Financial Group LLC purchased a new stake in shares of NVR during the fourth quarter valued at approximately $29,000. Trust Co. of Vermont bought a new stake in NVR during the second quarter worth $34,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in NVR in the second quarter worth $34,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NVR news, Director George Oliver purchased 63 shares of the business’s stock in a transaction on Friday, August 7th. The stock was acquired at an average cost 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. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 8.60% of the stock is owned by corporate insiders.

NVR Stock Down 2.6%

Shares of NYSE NVR opened at $6,134.18 on Wednesday. The stock has a market capitalization of $16.32 billion, a P/E ratio of 15.91, a PEG ratio of 10.53 and a beta of 0.91. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,563.79. The firm’s 50 day simple moving average is $6,393.67 and its two-hundred day simple moving average is $6,481.58. 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 announced its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the company earned $108.54 EPS. The firm’s revenue was down 10.5% on a year-over-year basis. As a group, analysts expect that NVR, Inc. will post 367.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NVR has been the topic of a number of research analyst reports. Weiss Ratings raised shares of NVR from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 18th. 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. Truist Financial decreased their price target on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. Finally, UBS Group reduced 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, July 24th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.