Mitsubishi UFJ Asset Management Co. Ltd. Makes New $44.89 Million Investment in NVR, Inc. $NVR

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in NVR, Inc. (NYSE:NVR) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,588 shares of the construction company’s stock, valued at approximately $44,887,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.24% of NVR at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Capital Research Global Investors grew its position 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 worth $973,979,000 after buying an additional 551 shares in the last quarter. M&T Bank Corp raised its holdings in NVR by 34,923.5% in the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock valued at $413,777,000 after acquiring an additional 56,576 shares in the last quarter. Corient Private Wealth LLC raised its holdings in NVR by 407.5% in the fourth quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock valued at $332,346,000 after acquiring an additional 36,592 shares in the last quarter. Norges Bank purchased a new position in NVR in the fourth quarter worth approximately $311,496,000. Finally, Capital World Investors lifted its stake in NVR by 0.3% in the fourth quarter. Capital World Investors now owns 40,703 shares of the construction company’s stock worth $296,838,000 after acquiring an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NVR. Truist Financial reduced their price objective on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Zelman & Associates upgraded shares of NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. BTIG Research set a $7,446.00 target price on NVR in a report on Friday, July 24th. Bank of America dropped their target price on NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Finally, Zacks Research cut NVR from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $7,224.20.

Insider Buying and Selling

In related news, Director George Oliver purchased 63 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average cost of $6,431.51 per share, for a total transaction of $405,185.13. Following the purchase, the director directly owned 63 shares of the company’s stock, valued at $405,185.13. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.60% of the stock is owned by corporate insiders.

NVR Stock Performance

Shares of NVR stock opened at $6,415.36 on Thursday. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27. NVR, Inc. has a 52 week low of $5,501.01 and a 52 week high of $8,618.28. The firm’s 50 day moving average is $6,452.70 and its two-hundred day moving average is $6,626.78. The firm has a market capitalization of $17.06 billion, a P/E ratio of 16.64, a P/E/G ratio of 10.45 and a beta of 0.91.

NVR (NYSE:NVR) last issued its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, topping the consensus estimate of $0.90 by $83.06. NVR had a net margin of 12.26% and a return on equity of 31.02%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the firm earned $108.54 EPS. The company’s revenue was down 10.5% compared to the same quarter last year. Research analysts forecast that NVR, Inc. will post 366.98 EPS for the current fiscal year.

NVR 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.