Pure Financial Advisors LLC Makes New Investment in NVR, Inc. $NVR

Pure Financial Advisors LLC purchased a new stake in NVR, Inc. (NYSE:NVR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 331 shares of the construction company’s stock, valued at approximately $2,255,000.

Several other large investors have also recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of NVR during the 2nd quarter valued at $2,004,324,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in NVR in the second quarter worth $44,887,000. AustralianSuper Pty Ltd acquired a new stake in NVR in the fourth quarter worth $4,835,000. Wealthfront Advisers LLC bought a new stake in NVR in the second quarter valued at $1,949,000. Finally, Norges Bank acquired a new position in shares of NVR during the fourth quarter valued at about $311,496,000. Institutional investors own 83.67% of the company’s stock.

NVR Trading Down 1.1%

NYSE NVR opened at $6,365.53 on Thursday. 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 business has a fifty day simple moving average of $6,451.89 and a 200 day simple moving average of $6,575.30. NVR, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,618.28. The firm has a market capitalization of $16.93 billion, a P/E ratio of 16.51, a PEG ratio of 10.75 and a beta of 0.91.

NVR (NYSE:NVR) last posted its earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the prior year, the business posted $108.54 EPS. The business’s revenue was down 10.5% compared to the same quarter last year. On average, analysts predict that NVR, Inc. will post 367.13 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director George Oliver acquired 63 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was purchased at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the purchase, the director owned 63 shares in the company, valued at approximately $405,185.13. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 8.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. UBS Group reduced their target price on NVR from $7,700.00 to $7,400.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Bank of America dropped their price target on NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Zacks Research upgraded NVR from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. Truist Financial decreased their price objective on NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a report on Friday, July 24th. Finally, Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.