Mraz Amerine & Associates Inc. Increases Position in NVR, Inc. $NVR

Mraz Amerine & Associates Inc. lifted its stake in NVR, Inc. (NYSE:NVR) by 10.5% in the 2nd quarter, Holdings Channel reports. The firm owned 494 shares of the construction company’s stock after purchasing an additional 47 shares during the quarter. NVR accounts for approximately 0.6% of Mraz Amerine & Associates Inc.’s portfolio, making the stock its 25th biggest position. Mraz Amerine & Associates Inc.’s holdings in NVR were worth $3,649,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc purchased a new stake in shares of NVR during the 2nd quarter worth approximately $30,000. Olde Wealth Management LLC purchased a new position in NVR in the 1st quarter valued at approximately $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in NVR during the first quarter worth $36,000. Ridgewood Investments LLC boosted its position in NVR by 150.0% during the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company’s stock worth $36,000 after purchasing an additional 3 shares in the last quarter. Finally, SouthState Corp acquired a new stake in NVR in the first quarter valued at $36,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Stock Performance

Shares of NVR opened at $8,078.00 on Tuesday. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77. The company’s 50 day simple moving average is $8,090.96 and its 200 day simple moving average is $7,554.82. The company has a market capitalization of $23.18 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 11.37 and a beta of 0.94. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79.

NVR (NYSE:NVR) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, beating the consensus estimate of $104.89 by $3.65. NVR had a return on equity of 37.35% and a net margin of 14.68%.The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the firm posted $120.69 EPS. NVR’s revenue was down .5% on a year-over-year basis. On average, sell-side analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NVR. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research report on Saturday, September 27th. UBS Group increased their price target on shares of NVR from $7,900.00 to $8,150.00 and gave the company a “neutral” rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $8,783.33.

Insider Activity at NVR

In other news, CAO Matthew B. Kelpy sold 600 shares of the company’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the completion of the transaction, the chief accounting officer owned 208 shares of the company’s stock, valued at $1,684,800. This represents a 74.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Susan Williamson Ross sold 125 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the transaction, the director owned 386 shares in the company, valued at approximately $3,030,208.08. The trade was a 24.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 975 shares of company stock worth $7,869,360. 7.00% of the stock is currently owned by insiders.

NVR Company Profile

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.