Paralel Advisors LLC Purchases Shares of 351 NVR, Inc. $NVR

Paralel Advisors LLC purchased a new position in NVR, Inc. (NYSE:NVR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 351 shares of the construction company’s stock, valued at approximately $2,392,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of NVR during the 2nd quarter valued at $2,004,324,000. Norges Bank bought a new position in NVR in the 4th quarter worth $311,496,000. Corient Private Wealth LLC increased its stake in 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 buying an additional 36,592 shares in the last quarter. First Trust Advisors LP increased its stake in NVR by 879.9% in the 1st quarter. First Trust Advisors LP now owns 24,418 shares of the construction company’s stock worth $160,911,000 after buying an additional 21,926 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in NVR during the second quarter valued at about $120,488,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NVR

In other news, Director George Oliver bought 63 shares of the stock in a transaction dated Friday, August 7th. The stock was purchased at an average cost of $6,431.51 per share, for a total transaction of $405,185.13. Following the transaction, the director 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 is available through this link. Corporate insiders own 8.60% of the company’s stock.

NVR Price Performance

NYSE:NVR opened at $6,309.44 on Friday. The business’s 50-day moving average is $6,449.49 and its 200 day moving average is $6,617.38. NVR, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,618.28. The company has a market capitalization of $16.78 billion, a P/E ratio of 16.36, a P/E/G ratio of 10.73 and a beta of 0.91. The company has a current ratio of 5.28, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27.

NVR (NYSE:NVR) last released its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $2.40 billion. During the same quarter last year, the business posted $108.54 EPS. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. On average, equities research analysts forecast that NVR, Inc. will post 366.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Zacks Research downgraded NVR from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Bank of America cut their target price on NVR from $7,600.00 to $7,200.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. Finally, UBS Group dropped their price target on NVR from $7,700.00 to $7,400.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NVR presently has a consensus 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.