Citadel Advisors LLC Acquires 6,133 Shares of NVR, Inc. $NVR

Citadel Advisors LLC raised its stake in NVR, Inc. (NYSE:NVR) by 260.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,485 shares of the construction company’s stock after purchasing an additional 6,133 shares during the period. Citadel Advisors LLC’s holdings in NVR were worth $57,812,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Clearstead Trust LLC bought a new position in shares of NVR during the second quarter worth approximately $27,000. DV Equities LLC bought a new stake in shares of NVR during the 4th quarter worth $29,000. Strive Financial Group LLC bought a new position in shares of NVR in the fourth quarter worth about $29,000. Trust Co. of Vermont acquired a new stake in NVR in the second quarter valued at approximately $34,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of NVR during the 2nd quarter valued at $34,000. Institutional investors own 83.67% of the company’s stock.

Insider Activity at NVR

In other news, Director George Oliver purchased 63 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were purchased at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the completion of the acquisition, the director owned 63 shares in the company, valued at $405,185.13. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 8.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. UBS Group reduced their price objective on shares of 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. Truist Financial reduced their price objective on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a research report on Friday, July 24th. Bank of America decreased their price target on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Zacks Research upgraded NVR from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. Finally, BTIG Research set a $7,446.00 target price on shares of NVR in a report on Friday, July 24th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, NVR currently has a consensus rating of “Hold” and a consensus target price of $7,224.20.

NVR Trading Up 0.1%

NYSE:NVR opened at $6,306.62 on Monday. NVR, Inc. has a 1 year low of $5,501.01 and a 1 year high of $8,618.28. The stock’s fifty day moving average price is $6,417.15 and its two-hundred day moving average price is $6,499.19. 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 has a market cap of $16.78 billion, a P/E ratio of 16.36, a P/E/G ratio of 10.53 and a beta of 0.91.

NVR (NYSE:NVR) last announced its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) 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 firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the firm posted $108.54 earnings per share. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. As a group, analysts expect that NVR, Inc. will post 367.13 EPS for the current 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.