Beacon Investment Advisory Services Inc. Has $13.82 Million Stock Holdings in NVR, Inc. $NVR

Beacon Investment Advisory Services Inc. trimmed its stake in shares of NVR, Inc. (NYSE:NVR) by 4.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 2,029 shares of the construction company’s stock after selling 92 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in NVR were worth $13,824,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Czech National Bank increased its stake in NVR by 0.9% in the 2nd quarter. Czech National Bank now owns 768 shares of the construction company’s stock worth $5,233,000 after purchasing an additional 7 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab lifted its stake in NVR by 1.2% during the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 434 shares of the construction company’s stock valued at $2,957,000 after buying an additional 5 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of NVR by 475.0% in the second quarter. Versant Capital Management Inc now owns 23 shares of the construction company’s stock worth $157,000 after buying an additional 19 shares during the period. CX Institutional boosted its holdings in shares of NVR by 380.0% in the second quarter. CX Institutional now owns 24 shares of the construction company’s stock worth $164,000 after buying an additional 19 shares during the period. Finally, Redwood Investment Management LLC increased its position in shares of NVR by 5.3% in the first quarter. Redwood Investment Management LLC now owns 158 shares of the construction company’s stock worth $1,041,000 after acquiring an additional 8 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Wall Street Analyst Weigh In

NVR has been the topic of a number of recent analyst reports. UBS Group cut their price target on shares of NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Weiss Ratings reiterated a “sell (d+)” rating on shares of NVR in a research report on Tuesday. Truist Financial cut their target price on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Finally, BTIG Research set a $7,446.00 price target on NVR in a research report on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $7,224.20.

NVR Stock Up 1.5%

NVR opened at $6,399.95 on Friday. NVR, Inc. has a fifty-two week low of $5,501.01 and a fifty-two week high of $8,618.28. The business has a 50-day moving average of $6,433.96 and a 200-day moving average of $6,706.97. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24. The company has a market capitalization of $17.02 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 10.40 and a beta of 0.91.

NVR (NYSE:NVR) last announced its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $83.06. The business had revenue of $2.34 billion during 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 firm’s revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the company earned $108.54 EPS. Equities research analysts forecast that NVR, Inc. will post 371.98 EPS for the current fiscal year.

NVR Company Profile

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.