Triad Investment Management Makes New Investment in NVR, Inc. $NVR

Triad Investment Management bought a new stake in shares of NVR, Inc. (NYSE:NVR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 871 shares of the construction company’s stock, valued at approximately $5,934,000. NVR comprises about 6.7% of Triad Investment Management’s portfolio, making the stock its biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in NVR. Clearstead Trust LLC acquired a new stake in shares of NVR in the second quarter worth approximately $27,000. DV Equities LLC acquired a new position in NVR in the 4th quarter valued at $29,000. Strive Financial Group LLC acquired a new position in NVR in the 4th quarter valued at $29,000. Trust Co. of Vermont purchased a new position in NVR in the 2nd quarter valued at $34,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in NVR in the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Buying and Selling

In other NVR news, Director George Oliver acquired 63 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average cost of $6,431.51 per share, for a total transaction of $405,185.13. Following the completion of 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 purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 8.60% of the company’s stock.

NVR Price Performance

Shares of NVR stock opened at $6,200.43 on Thursday. 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 company has a market capitalization of $16.49 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 10.22 and a beta of 0.91. The firm’s 50-day moving average is $6,384.66 and its two-hundred day moving average is $6,472.30. NVR, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,563.79.

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, beating the consensus estimate of $0.90 by $83.06. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $108.54 EPS. Analysts predict that NVR, Inc. will post 367.13 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NVR shares. BTIG Research set a $7,446.00 target price on shares of NVR in a report on Friday, July 24th. Weiss Ratings raised shares of NVR from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 18th. Bank of America cut their price objective on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating for the company in a report on Monday, July 20th. UBS Group lowered their target price on NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Finally, Zelman & Associates upgraded NVR from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $7,224.20.

NVR Company Profile

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs, constructs and sells single-family homes, townhomes and condominiums under the Ryan Homes, NVHomes and Heartland Homes brands.

NVR primarily serves homebuyers in the Mid-Atlantic, Midwest and Southeast regions of the United States. Its communities are developed in a range of suburban and urban markets, with homes generally marketed to first-time, move-up and luxury buyers.

Through its mortgage banking operations, NVR provides mortgage loans and related services to many of the customers who purchase its homes.