Osterweis Capital Management Inc. Invests $27 Million in NVR, Inc. $NVR

Osterweis Capital Management Inc. acquired a new position in NVR, Inc. (NYSE:NVR) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 3,962 shares of the construction company’s stock, valued at approximately $26,995,000.

A number of other large investors have also recently added to or reduced their stakes in NVR. Clearstead Trust LLC purchased a new position in NVR during the 2nd quarter valued at about $27,000. DV Equities LLC purchased a new stake in shares of NVR in the fourth quarter valued at about $29,000. Strive Financial Group LLC purchased a new stake in shares of NVR in the fourth quarter valued at about $29,000. Oakworth Capital Inc. acquired a new stake in shares of NVR in the fourth quarter valued at approximately $36,000. Finally, Trust Co. of Vermont acquired a new stake in shares of NVR in the second quarter valued at approximately $34,000. 83.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. BTIG Research set a $7,446.00 price objective on shares of NVR in a research note on Friday, July 24th. UBS Group reduced their target price on NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Zacks Research upgraded NVR from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings raised NVR from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 18th. Three 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 currently has an average rating of “Hold” and a consensus price target of $7,224.20.

NVR Price Performance

NVR stock opened at $6,400.46 on Tuesday. The stock has a market capitalization of $17.03 billion, a P/E ratio of 16.60, a P/E/G ratio of 10.63 and a beta of 0.91. NVR, Inc. has a 12-month low of $5,501.01 and a 12-month high of $8,618.28. 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 firm’s 50-day moving average is $6,450.29 and its two-hundred day moving average is $6,598.36.

NVR (NYSE:NVR) last posted its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 12.26% and a return on equity of 31.02%. The company’s revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $108.54 earnings per share. Equities analysts predict that NVR, Inc. will post 367.13 earnings per share for the current year.

Insider Buying and Selling

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 bought 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 approximately $405,185.13. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 8.60% of the company’s stock.

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.