MFG Investments LLC Buys New Holdings in NVR, Inc. $NVR

MFG Investments LLC bought a new position in NVR, Inc. (NYSE:NVR) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 545 shares of the construction company’s stock, valued at approximately $3,354,000. NVR accounts for about 3.8% of MFG Investments LLC’s holdings, making the stock its 4th biggest position.

Several other hedge funds also recently made changes to their positions in the company. Activest Wealth Management purchased a new stake in NVR during the 3rd quarter valued at $25,000. Clearstead Trust LLC bought a new stake in NVR in the 2nd quarter worth $27,000. Trust Co. of Vermont bought a new stake in NVR in the 2nd quarter worth $34,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in NVR in the 2nd quarter worth $34,000. Finally, Global Retirement Partners LLC purchased a new position in shares of NVR in the second quarter valued at about $41,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NVR

In related news, Director George Oliver bought 63 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were purchased at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the purchase, the director owned 63 shares of the company’s stock, valued at approximately $405,185.13. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 8.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on NVR shares. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. UBS Group raised their target price on NVR from $7,400.00 to $7,425.00 and gave the stock a “neutral” rating in a research note on Friday, October 23rd. Weiss Ratings raised NVR from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, October 19th. Wall Street Zen downgraded NVR from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. Finally, Morgan Stanley lowered their price target on NVR from $5,058.00 to $4,864.00 and set an “underweight” rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $6,564.83.

NVR Stock Performance

Shares of NVR stock opened at $6,033.06 on Wednesday. The firm has a market capitalization of $16.05 billion, a price-to-earnings ratio of 16.63 and a beta of 0.93. The stock has a fifty day moving average of $6,109.73 and a 200 day moving average of $6,542.55. NVR, Inc. has a 52 week low of $5,501.01 and a 52 week high of $8,200.00. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27.

NVR (NYSE:NVR) last issued its quarterly earnings data on Thursday, October 22nd. The construction company reported $89.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $102.77 by ($13.32). NVR had a net margin of 11.51% and a return on equity of 29.23%. The company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the previous year, the firm posted $112.33 earnings per share. The firm’s revenue for the quarter was down 8.2% compared to the same quarter last year. As a group, research analysts expect that NVR, Inc. will post 350.65 earnings per share for the current year.

NVR Profile

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs and constructs single-family detached homes, townhomes and condominiums for buyers in a range of residential markets.

NVR markets homes primarily under the Ryan Homes, NVHomes and Heartland Homes brands. Ryan Homes generally serves a broad range of buyers, while NVHomes focuses on higher-end communities. The company’s homebuilding operations serve selected markets across the Mid-Atlantic, Midwest and Southeast regions of the United States.

Through NVR Mortgage, the company provides mortgage loan origination services to many of its homebuyers.