OMERS ADMINISTRATION Corp Buys Shares of 601 NVR, Inc. $NVR

OMERS ADMINISTRATION Corp purchased a new position in NVR, Inc. (NYSE:NVR) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 601 shares of the construction company’s stock, valued at approximately $4,095,000.

A number of other large investors also recently modified their holdings of the business. Clearstead Trust LLC bought a new stake in shares of NVR in the second quarter valued at approximately $27,000. DV Equities LLC bought a new position in NVR during the fourth quarter worth $29,000. Strive Financial Group LLC bought a new position in NVR during the fourth quarter worth $29,000. Trust Co. of Vermont acquired a new position in NVR during the 2nd quarter valued at $34,000. Finally, Oakworth Capital Inc. bought a new stake in NVR in the 4th quarter valued at $36,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NVR

In other NVR news, Director George Oliver acquired 63 shares of NVR stock in a transaction dated Friday, August 7th. The stock was bought at an average cost of $6,431.51 per share, with a total value 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.60% of the company’s stock.

NVR Stock Up 0.6%

Shares of NVR stock opened at $6,432.84 on Wednesday. The stock has a market cap of $17.11 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 10.69 and a beta of 0.91. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,618.28. The stock has a fifty day moving average price of $6,450.03 and a 200 day moving average price of $6,587.13. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24.

NVR (NYSE:NVR) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $83.06. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. The business’s revenue was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $108.54 earnings per share. Analysts predict that NVR, Inc. will post 367.13 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on NVR. Truist Financial decreased their price target on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. Zacks Research upgraded shares of NVR from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 19th. BTIG Research set a $7,446.00 target price on shares of NVR in a research note on Friday, July 24th. UBS Group decreased their target price on NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Finally, Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.