Pallas Capital Advisors LLC Invests $858,000 in NVR, Inc. $NVR

Pallas Capital Advisors LLC acquired a new stake in shares of NVR, Inc. (NYSE:NVR) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 126 shares of the construction company’s stock, valued at approximately $858,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Clearstead Trust LLC purchased a new position in NVR during the second quarter valued at $27,000. DV Equities LLC bought a new stake in NVR during the fourth quarter valued at about $29,000. Strive Financial Group LLC purchased a new stake in NVR in the fourth quarter worth about $29,000. Trust Co. of Vermont purchased a new stake in NVR in the second quarter worth about $34,000. Finally, Oakworth Capital Inc. bought a new position in shares of NVR in the fourth quarter worth about $36,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Price Performance

NYSE:NVR opened at $6,261.56 on Wednesday. The business’s 50-day simple moving average is $6,450.51 and its two-hundred day simple moving average is $6,635.19. NVR, Inc. has a 52 week low of $5,501.01 and a 52 week high of $8,618.28. The stock has a market cap of $16.66 billion, a PE ratio of 16.24, a P/E/G ratio of 10.55 and a beta of 0.91. 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 (NYSE:NVR) last released 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 return on equity of 31.02% and a net margin of 12.26%.The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the prior year, the company posted $108.54 earnings per share. The business’s quarterly revenue was down 10.5% compared to the same quarter last year. As a group, analysts forecast that NVR, Inc. will post 366.98 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. BTIG Research set a $7,446.00 price objective on NVR in a research report on Friday, July 24th. Weiss Ratings reissued a “sell (d+)” rating on shares of NVR in a report on Tuesday, August 4th. Zacks Research cut shares of NVR from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Bank of America lowered their price target 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. Finally, UBS Group dropped their price target on shares of 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. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $7,224.20.

Insider Transactions at NVR

In related news, Director George Oliver acquired 63 shares of the business’s stock in a transaction on Friday, August 7th. The stock was acquired at an average cost of $6,431.51 per share, with a total value of $405,185.13. Following the acquisition, the director directly owned 63 shares in the company, valued at $405,185.13. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 8.60% of the stock is currently owned by company 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.