National Pension Service Has $8.65 Million Position in NVR, Inc. $NVR

National Pension Service grew its holdings in shares of NVR, Inc. (NYSE:NVR) by 34.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,270 shares of the construction company’s stock after buying an additional 322 shares during the quarter. National Pension Service’s holdings in NVR were worth $8,653,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Berkshire Hathaway Inc acquired a new position in NVR during the second quarter valued at approximately $75,711,000. BlackRock Inc. acquired a new position in shares of NVR during the 2nd quarter worth approximately $2,004,324,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of NVR during the 2nd quarter worth approximately $44,887,000. AustralianSuper Pty Ltd bought a new stake in shares of NVR during the 4th quarter worth approximately $4,835,000. Finally, Wealthfront Advisers LLC bought a new stake in shares of NVR during the 2nd quarter worth approximately $1,949,000. 83.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on NVR. Zacks Research raised NVR from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Truist Financial cut their price target on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a research note on Friday, July 24th. BTIG Research set a $7,446.00 price objective on shares of NVR in a research report on Friday, July 24th. Finally, UBS Group lowered their price objective on shares of NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, NVR currently has an average rating of “Hold” and an average target price of $7,224.20.

Insider Transactions at NVR

In related news, Director George Oliver acquired 63 shares of the stock in a transaction on Friday, August 7th. The shares were purchased at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the purchase, the director directly owned 63 shares in the company, valued at approximately $405,185.13. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.60% of the stock is owned by corporate insiders.

NVR Price Performance

NVR stock opened at $6,170.58 on Friday. 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 company has a market capitalization of $16.41 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 10.30 and a beta of 0.91. The stock’s 50 day moving average is $6,360.47 and its 200-day moving average is $6,459.84. NVR, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,544.39.

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 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 the consensus estimate of $2.40 billion. During the same quarter last year, the firm earned $108.54 earnings per share. The company’s revenue was down 10.5% on a year-over-year basis. Equities research analysts expect that NVR, Inc. will post 367.13 EPS for the current year.

NVR 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.