NVR (NYSE:NVR) Director George Oliver Purchases 63 Shares of Stock

NVR, Inc. (NYSE:NVR) Director George Oliver purchased 63 shares of the stock in a transaction on Friday, August 7th. The stock was bought at an average price 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 of the company’s stock, valued at approximately $405,185.13. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

NVR Stock Performance

NVR stock opened at $6,423.77 on Wednesday. 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 stock has a fifty day moving average price of $6,441.81 and a two-hundred day moving average price of $6,682.61. NVR, Inc. has a 52-week low of $5,501.01 and a 52-week high of $8,618.28. The firm has a market capitalization of $17.09 billion, a P/E ratio of 16.66, a P/E/G ratio of 10.38 and a beta of 0.91.

NVR (NYSE:NVR) last issued its earnings results on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the company earned $108.54 EPS. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, analysts anticipate that NVR, Inc. will post 371.98 EPS for the current fiscal year.

Hedge Funds Weigh In On NVR

Several large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of NVR during the second quarter worth approximately $2,004,324,000. M&T Bank Corp lifted its holdings in NVR by 34,923.5% in the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock valued at $413,777,000 after buying an additional 56,576 shares during the period. Norges Bank bought a new position in NVR in the fourth quarter valued at approximately $311,496,000. Corient Private Wealth LLC boosted its stake in NVR by 407.5% in the fourth quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock valued at $332,346,000 after acquiring an additional 36,592 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in NVR by 879.9% in the first quarter. First Trust Advisors LP now owns 24,418 shares of the construction company’s stock valued at $160,911,000 after acquiring an additional 21,926 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on NVR shares. Bank of America decreased 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 note on Monday, July 20th. Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. Weiss Ratings restated a “sell (d+)” rating on shares of NVR in a research report on Tuesday, August 4th. BTIG Research set a $7,446.00 price target on NVR in a report on Friday, July 24th. Finally, Truist Financial cut their price objective on NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a research report on Friday, July 24th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $7,224.20.

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.