6,459 Shares in NVR, Inc. $NVR Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. acquired a new stake in NVR, Inc. (NYSE:NVR) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,459 shares of the construction company’s stock, valued at approximately $51,896,000. Rakuten Investment Management Inc. owned about 0.23% of NVR as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in shares of NVR by 1.1% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 2,084 shares of the construction company’s stock valued at $16,744,000 after acquiring an additional 22 shares in the last quarter. Vest Financial LLC purchased a new position in NVR in the third quarter worth $305,000. Birinyi Associates Inc grew its stake in NVR by 28.3% in the 3rd quarter. Birinyi Associates Inc now owns 68 shares of the construction company’s stock valued at $546,000 after purchasing an additional 15 shares during the period. Allstate Corp bought a new position in NVR in the 3rd quarter valued at $820,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of NVR by 4.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 357 shares of the construction company’s stock valued at $2,800,000 after purchasing an additional 14 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.

Wall Street Analyst Weigh In

NVR has been the topic of a number of research analyst reports. Bank of America cut their price target on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a report on Friday, October 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of NVR from a “hold” rating to a “sell” rating in a research note on Saturday. BTIG Research began coverage on shares of NVR in a report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price target on the stock. Finally, UBS Group dropped their price objective on NVR from $8,500.00 to $8,150.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $8,443.00.

NVR Price Performance

Shares of NYSE:NVR opened at $7,542.90 on Wednesday. The firm has a market capitalization of $21.41 billion, a PE ratio of 16.55, a P/E/G ratio of 10.44 and a beta of 1.01. The company has a quick ratio of 3.16, a current ratio of 5.96 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average price of $7,420.14 and a two-hundred day moving average price of $7,689.13. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $8,618.28.

NVR (NYSE:NVR) last posted its quarterly earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $107.88 by $4.45. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.54 billion. NVR had a net margin of 14.00% and a return on equity of 35.89%. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $130.50 earnings per share. Equities analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

Insider Transactions at NVR

In related news, Director Michael J. Devito bought 14 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were purchased at an average price of $7,068.05 per share, for a total transaction of $98,952.70. Following the completion of the transaction, the director directly owned 14 shares in the company, valued at approximately $98,952.70. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 7.80% of the stock is owned by insiders.

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.