Nykredit A S Acquires Shares of 1,123 NVR, Inc. $NVR

Nykredit A S bought a new position in NVR, Inc. (NYSE:NVR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,123 shares of the construction company’s stock, valued at approximately $7,651,000.

Other large investors have also modified their holdings of the company. Berkshire Hathaway Inc acquired a new position in shares of NVR during the second quarter worth $75,711,000. BlackRock Inc. purchased a new position in shares of NVR in the second quarter valued at $2,004,324,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in NVR during the 2nd quarter valued at $44,887,000. AustralianSuper Pty Ltd acquired a new stake in NVR during the 4th quarter valued at $4,835,000. Finally, Wealthfront Advisers LLC acquired a new stake in NVR during the 2nd quarter valued at $1,949,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Performance

Shares of NVR stock opened at $6,306.62 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28. NVR, Inc. has a 1 year low of $5,501.01 and a 1 year high of $8,618.28. The firm’s 50-day simple moving average is $6,417.15 and its 200-day simple moving average is $6,506.27. The firm has a market cap of $16.78 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 10.53 and a beta of 0.91.

NVR (NYSE:NVR) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $83.06. NVR had a return on equity of 31.02% and a net margin of 12.26%.The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the firm earned $108.54 earnings per share. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. Equities analysts forecast that NVR, Inc. will post 367.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director George Oliver bought 63 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was bought at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the transaction, the director owned 63 shares in the company, 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 SEC, which is accessible through this link. 8.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Bank of America cut their price objective on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a report on Monday, July 20th. 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 target price on NVR in a research report on Friday, July 24th. UBS Group cut their price target on NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Finally, Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, NVR currently has an average rating of “Hold” and a consensus target price of $7,224.20.

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.