Handelsbanken Fonder AB Boosts Holdings in NVR, Inc. $NVR

Handelsbanken Fonder AB boosted its holdings in shares of NVR, Inc. (NYSE:NVR) by 65.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,921 shares of the construction company’s stock after acquiring an additional 763 shares during the period. Handelsbanken Fonder AB’s holdings in NVR were worth $13,089,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. DV Equities LLC acquired a new stake in shares of NVR in the fourth quarter valued at approximately $29,000. Strive Financial Group LLC acquired a new position in NVR in the 4th quarter valued at $29,000. Oakworth Capital Inc. purchased a new position in NVR during the fourth quarter worth about $36,000. State of Wyoming purchased a new position in shares of NVR during the 2nd quarter worth about $44,000. Finally, Clearstead Advisors LLC boosted its holdings in shares of NVR by 75.0% in the 4th quarter. Clearstead Advisors LLC now owns 7 shares of the construction company’s stock valued at $51,000 after purchasing an additional 3 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Price Performance

NVR opened at $6,378.62 on Friday. The company has a market capitalization of $16.97 billion, a P/E ratio of 16.54, a PEG ratio of 10.38 and a beta of 0.91. The company has a 50-day moving average of $6,449.03 and a 200-day moving average of $6,663.09. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28. NVR, Inc. has a 1-year low of $5,501.01 and a 1-year high of $8,618.28.

NVR (NYSE:NVR) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $83.06. NVR had a return on equity of 31.02% and a net margin of 12.26%.The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the firm earned $108.54 earnings per share. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. Equities analysts expect that NVR, Inc. will post 371.98 EPS for the current fiscal year.

Insider Activity at NVR

In other news, Director George Oliver purchased 63 shares of the stock in a transaction dated 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 acquisition, the director owned 63 shares of the company’s stock, valued at $405,185.13. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 8.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on NVR. Bank of America reduced their price objective on NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Truist Financial lowered their price objective on 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. Weiss Ratings restated a “sell (d+)” rating on shares of NVR in a report on Tuesday, August 4th. Finally, Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $7,224.20.

NVR 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.