Commerce Bank Acquires New Shares in NVR, Inc. $NVR

Commerce Bank acquired a new position in shares of NVR, Inc. (NYSE:NVR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 265 shares of the construction company’s stock, valued at approximately $1,806,000.

Several other large investors have also recently bought and sold shares of the company. Clearstead Trust LLC acquired a new stake in shares of NVR during the second quarter valued at about $27,000. DV Equities LLC bought a new stake in shares of NVR during the fourth quarter worth about $29,000. Strive Financial Group LLC acquired a new position in shares of NVR in the fourth quarter valued at approximately $29,000. Trust Co. of Vermont acquired a new position in shares of NVR in the second quarter valued at approximately $34,000. Finally, Oakworth Capital Inc. bought a new position in NVR in the 4th quarter valued at approximately $36,000. 83.67% of the stock is currently owned by institutional investors.

NVR Stock Performance

Shares of NVR opened at $6,432.84 on Wednesday. The company has a current ratio of 5.28, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27. The firm’s fifty day simple moving average is $6,450.03 and its two-hundred day simple moving average is $6,587.13. NVR, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,618.28. The stock has a market capitalization 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 (NYSE:NVR) last posted its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, topping the consensus estimate of $0.90 by $83.06. NVR had a return on equity of 31.02% and a net margin of 12.26%.The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the company posted $108.54 EPS. The business’s quarterly revenue was down 10.5% on a year-over-year basis. As a group, analysts predict that NVR, Inc. will post 367.13 EPS for the current year.

Insider Buying and Selling at NVR

In related news, Director George Oliver bought 63 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were bought at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the transaction, the director directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on NVR shares. Zacks Research upgraded shares of NVR from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th. BTIG Research set a $7,446.00 price target on shares of NVR in a research report on Friday, July 24th. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Bank of America lowered their target price on NVR from $7,600.00 to $7,200.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Finally, Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.