Swiss Life Asset Management Ltd Sells 722 Shares of NVR, Inc. $NVR

Swiss Life Asset Management Ltd cut its position in NVR, Inc. (NYSE:NVR) by 48.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 766 shares of the construction company’s stock after selling 722 shares during the period. Swiss Life Asset Management Ltd’s holdings in NVR were worth $5,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of NVR. DV Equities LLC purchased a new position in shares of NVR during the 4th quarter valued at $29,000. Strive Financial Group LLC bought a new position in NVR in the 4th quarter worth $29,000. Oakworth Capital Inc. purchased a new stake in NVR in the 4th quarter worth $36,000. State of Wyoming purchased a new stake in NVR in the 2nd quarter worth $44,000. Finally, Clearstead Advisors LLC raised its holdings in NVR by 75.0% during the fourth quarter. Clearstead Advisors LLC now owns 7 shares of the construction company’s stock valued at $51,000 after acquiring an additional 3 shares during the period. 83.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NVR has been the topic of several research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of NVR in a research report on Tuesday, August 4th. Zacks Research cut NVR from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. BTIG Research set a $7,446.00 target price on NVR in a research note on Friday, July 24th. Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. Finally, Bank of America lowered their price target on NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $7,224.20.

NVR Price Performance

NVR stock opened at $6,378.62 on Friday. 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 $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. The company has a fifty day simple moving average of $6,449.03 and a two-hundred day simple moving average of $6,663.09. 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 (NYSE:NVR) last posted its 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. NVR had a net margin of 12.26% and a return on equity of 31.02%. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the previous year, the firm posted $108.54 EPS. The business’s quarterly revenue was down 10.5% on a year-over-year basis. Analysts anticipate that NVR, Inc. will post 371.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director George Oliver acquired 63 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were acquired at an average cost 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 in the company, valued at approximately $405,185.13. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.60% of the stock is owned by insiders.

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.