Resona Asset Management Co. Ltd. Decreases Position in NVR, Inc. $NVR

Resona Asset Management Co. Ltd. cut its holdings in NVR, Inc. (NYSE:NVR) by 9.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 779 shares of the construction company’s stock after selling 79 shares during the period. Resona Asset Management Co. Ltd.’s holdings in NVR were worth $5,309,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in NVR by 0.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 425 shares of the construction company’s stock worth $3,099,000 after acquiring an additional 2 shares during the last quarter. International Assets Investment Management LLC increased its stake in NVR by 3.9% in the 4th quarter. International Assets Investment Management LLC now owns 53 shares of the construction company’s stock worth $387,000 after purchasing an additional 2 shares during the period. Ballentine Partners LLC lifted its position in NVR by 4.9% in the fourth quarter. Ballentine Partners LLC now owns 43 shares of the construction company’s stock valued at $314,000 after purchasing an additional 2 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs lifted its position in NVR by 1.6% in the fourth quarter. AG2R LA Mondiale Gestion D Actifs now owns 127 shares of the construction company’s stock valued at $926,000 after purchasing an additional 2 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in NVR by 28.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 9 shares of the construction company’s stock valued at $67,000 after purchasing an additional 2 shares during the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Zelman & Associates upgraded shares of NVR from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. BTIG Research set a $7,446.00 price target on shares of NVR in a report on Friday, July 24th. Zacks Research cut shares of NVR from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Bank of America cut their price target on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of NVR in a research report on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $7,224.20.

NVR Trading Up 1.3%

NYSE NVR opened at $6,378.62 on Friday. The stock has a market cap of $16.97 billion, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 10.38 and a beta of 0.91. NVR, Inc. has a fifty-two week low of $5,501.01 and a fifty-two week high of $8,618.28. The stock has a 50 day simple moving average of $6,449.03 and a two-hundred day simple 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 (NYSE:NVR) last posted its 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 firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.40 billion. NVR had a return on equity of 31.02% and a net margin of 12.26%.The business’s revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $108.54 earnings per share. On average, analysts forecast that NVR, Inc. will post 371.98 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director George Oliver purchased 63 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the completion of the acquisition, the director directly owned 63 shares in the company, valued at approximately $405,185.13. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.60% of the stock is currently owned by company insiders.

About NVR

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.