NVR, Inc. $NVR Shares Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP grew its holdings in shares of NVR, Inc. (NYSE:NVR) by 434.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 171 shares of the construction company’s stock after buying an additional 139 shares during the quarter. Fulcrum Asset Management LLP’s holdings in NVR were worth $1,066,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in NVR. BlackRock Inc. acquired a new stake in NVR in the 2nd quarter valued at $2,004,324,000. Caisse de depot et placement du Quebec acquired a new position in shares of NVR during the second quarter worth about $194,114,000. First Trust Advisors LP lifted its stake in shares of NVR by 879.9% during the first quarter. First Trust Advisors LP now owns 24,418 shares of the construction company’s stock worth $160,911,000 after purchasing an additional 21,926 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of NVR during the second quarter worth about $126,164,000. Finally, Deutsche Bank AG purchased a new stake in shares of NVR in the second quarter worth about $120,488,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Down 2.3%

Shares of NYSE NVR opened at $5,899.54 on Thursday. NVR, Inc. has a 1 year low of $5,501.01 and a 1 year high of $8,200.00. The firm has a market cap of $15.63 billion, a price-to-earnings ratio of 16.27 and a beta of 0.93. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.02 and a current ratio of 5.07. The stock’s 50-day simple moving average is $6,094.04 and its 200-day simple moving average is $6,499.79.

NVR (NYSE:NVR) last issued its quarterly earnings results on Thursday, October 22nd. The construction company reported $89.45 EPS for the quarter, missing analysts’ consensus estimates of $102.77 by ($13.32). The business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.57 billion. NVR had a net margin of 11.51% and a return on equity of 29.53%. The company’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $112.33 EPS. As a group, equities analysts anticipate that NVR, Inc. will post 345.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NVR. Bank of America lowered NVR from a “buy” rating to an “underperform” rating and set a $5,900.00 target price for the company. in a research note on Friday, October 23rd. Morgan Stanley dropped their target price on NVR from $5,058.00 to $4,864.00 and set an “underweight” rating on the stock in a report on Tuesday, November 3rd. Truist Financial reduced their price target on NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. UBS Group upped their price target on NVR from $7,400.00 to $7,425.00 and gave the stock a “neutral” rating in a report on Friday, October 23rd. Finally, Wall Street Zen downgraded shares of NVR from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, NVR currently has a consensus rating of “Reduce” and an average target price of $6,564.83.

About NVR

NVR, Inc. is a homebuilding and mortgage banking company. Through its homebuilding operations, it designs and constructs single-family homes and townhomes for buyers across a range of price points. The company markets homes under the Ryan Homes, NVHomes and Heartland Homes brands. Its homebuilding business serves communities in multiple regions of the United States, including the Mid-Atlantic, Northeast, Southeast and Midwest. NVR also provides mortgage banking and related services to homebuyers through its mortgage operations.