Daiichi Life Insurance Co. Ltd. Makes New Investment in NVR, Inc. $NVR

Daiichi Life Insurance Co. Ltd. bought a new stake in shares of NVR, Inc. (NYSE:NVR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 109 shares of the construction company’s stock, valued at approximately $743,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Commerce Bank bought a new position in NVR in the second quarter worth about $1,806,000. Northwestern Mutual Wealth Management Co. purchased a new stake in NVR in the second quarter worth about $504,000. Quantbot Technologies LP purchased a new stake in NVR in the second quarter worth about $7,311,000. Evolve Private Wealth LLC bought a new stake in NVR during the 2nd quarter valued at approximately $586,000. Finally, Westpac Banking Corp bought a new stake in NVR during the 2nd quarter valued at approximately $3,352,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analysts Set New Price Targets

NVR has been the subject of several research reports. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded NVR from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 18th. BTIG Research set a $7,446.00 price target on NVR in a research report on Friday, July 24th. Zacks Research raised NVR from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 19th. Finally, Bank of America decreased their price objective on NVR from $7,600.00 to $7,200.00 and set a “buy” rating for the company in a report on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, NVR presently has a consensus rating of “Hold” and an average price target of $7,224.20.

Insider Activity at NVR

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

NVR Trading Up 0.7%

NYSE:NVR opened at $6,400.46 on Tuesday. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,618.28. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24. The company’s 50-day simple moving average is $6,450.29 and its 200 day simple moving average is $6,598.36. The firm has a market capitalization of $17.03 billion, a P/E ratio of 16.60, a PEG ratio of 10.63 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. NVR had a net margin of 12.26% and a return on equity of 31.02%. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the company earned $108.54 earnings per share. The business’s revenue was down 10.5% compared to the same quarter last year. As a group, analysts forecast that NVR, Inc. will post 367.13 EPS for the current fiscal year.

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.