Chicago Partners Investment Group LLC Purchases New Holdings in NVR, Inc. $NVR

Chicago Partners Investment Group LLC acquired a new position in shares of NVR, Inc. (NYSE:NVR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 109 shares of the construction company’s stock, valued at approximately $743,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Capital Research Global Investors increased its stake in shares of NVR by 0.4% during the fourth quarter. Capital Research Global Investors now owns 133,554 shares of the construction company’s stock valued at $973,979,000 after purchasing an additional 551 shares in the last quarter. M&T Bank Corp boosted its position in shares of NVR by 34,923.5% in the 4th quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock worth $413,777,000 after purchasing an additional 56,576 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of NVR by 407.5% in the 4th quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock worth $332,346,000 after purchasing an additional 36,592 shares in the last quarter. Norges Bank purchased a new stake in shares of NVR in the 4th quarter worth approximately $311,496,000. Finally, Capital World Investors grew its stake in shares of NVR by 0.3% in the 4th quarter. Capital World Investors now owns 40,703 shares of the construction company’s stock worth $296,838,000 after buying an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Trading Up 1.3%

NYSE:NVR opened at $6,378.62 on Friday. The company’s 50 day moving average price is $6,449.03 and its 200-day moving average price is $6,663.09. NVR, Inc. has a 52 week low of $5,501.01 and a 52 week high of $8,618.28. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27. The stock has a market cap of $16.97 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 10.38 and a beta of 0.91.

NVR (NYSE:NVR) last announced its quarterly earnings data 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. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $108.54 EPS. On average, equities research analysts forecast that NVR, Inc. will post 371.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In other NVR news, Director George Oliver bought 63 shares of NVR stock in a transaction on Friday, August 7th. The stock was acquired at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the acquisition, the director owned 63 shares in the company, valued at approximately $405,185.13. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NVR shares. Truist Financial lowered their price objective on 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. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research downgraded NVR from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. UBS Group lowered their price target on NVR from $7,700.00 to $7,400.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Finally, BTIG Research set a $7,446.00 price target on shares of NVR in a research note on Friday, July 24th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $7,224.20.

About NVR

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.