Wedge Capital Management L L P NC Has $10.21 Million Stock Holdings in NVR, Inc. $NVR

Wedge Capital Management L L P NC raised its stake in NVR, Inc. (NYSE:NVR) by 27.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,498 shares of the construction company’s stock after purchasing an additional 323 shares during the quarter. Wedge Capital Management L L P NC’s holdings in NVR were worth $10,206,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of 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 purchasing an additional 2 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of NVR by 3.9% in the fourth quarter. International Assets Investment Management LLC now owns 53 shares of the construction company’s stock valued at $387,000 after buying an additional 2 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of 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 buying an additional 2 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs increased its holdings in NVR by 1.6% during the fourth quarter. AG2R LA Mondiale Gestion D Actifs now owns 127 shares of the construction company’s stock worth $926,000 after buying an additional 2 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in NVR by 28.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 9 shares of the construction company’s stock worth $67,000 after buying an additional 2 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insiders Place Their Bets

In other news, Director George Oliver purchased 63 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was acquired 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 in the company, valued at approximately $405,185.13. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.60% of the company’s stock.

NVR Stock Down 2.2%

NVR stock opened at $6,287.05 on Thursday. The stock has a market cap of $16.72 billion, a P/E ratio of 16.31, a P/E/G ratio of 10.60 and a beta of 0.91. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28. The company’s 50-day moving average price is $6,445.14 and its two-hundred day moving average price is $6,672.10.

NVR (NYSE:NVR) last issued its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $83.06. NVR had a return on equity of 31.02% and a net margin of 12.26%.The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the previous year, the company posted $108.54 earnings per share. The business’s revenue was down 10.5% on a year-over-year basis. As a group, analysts expect that NVR, Inc. will post 371.98 EPS for the current year.

Analysts Set New Price Targets

NVR has been the topic of several analyst reports. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group decreased their price objective on shares of NVR from $7,700.00 to $7,400.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. BTIG Research set a $7,446.00 price objective on shares of NVR in a research note on Friday, July 24th. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings reaffirmed 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 assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, NVR currently has an average 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.