Waratah Capital Advisors Ltd. Acquires 651 Shares of NVR, Inc. $NVR

Waratah Capital Advisors Ltd. lifted its holdings in shares of NVR, Inc. (NYSE:NVR) by 190.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 992 shares of the construction company’s stock after purchasing an additional 651 shares during the quarter. Waratah Capital Advisors Ltd.’s holdings in NVR were worth $7,327,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Jones Financial Companies Lllp increased its holdings in shares of NVR by 217,591.3% during the 1st quarter. Jones Financial Companies Lllp now owns 50,069 shares of the construction company’s stock valued at $3,758,000 after acquiring an additional 50,046 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of NVR by 9,358.6% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 48,239 shares of the construction company’s stock valued at $356,277,000 after purchasing an additional 47,729 shares during the period. Nuveen LLC acquired a new stake in shares of NVR in the first quarter worth $334,981,000. JPMorgan Chase & Co. boosted its holdings in shares of NVR by 41.6% during the 1st quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company’s stock worth $379,639,000 after buying an additional 15,405 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in shares of NVR by 5,411.1% during the 1st quarter. Pacer Advisors Inc. now owns 14,384 shares of the construction company’s stock worth $104,203,000 after buying an additional 14,123 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NVR shares. Bank of America cut their target price on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. increased their target price on NVR from $7,200.00 to $7,600.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th. Finally, UBS Group upped their price target on NVR from $8,150.00 to $8,500.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, NVR has an average rating of “Hold” and a consensus price target of $8,366.67.

NVR Stock Performance

Shares of NYSE NVR opened at $7,267.30 on Friday. The firm has a market capitalization of $20.63 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 9.94 and a beta of 0.93. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,376.75. The business has a fifty day simple moving average of $7,753.02 and a 200 day simple moving average of $7,616.77. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR) last announced its quarterly earnings data on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $107.88 by $4.45. NVR had a net margin of 14.00% and a return on equity of 35.81%. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the prior year, the company posted $130.50 EPS. The business’s revenue was down 4.5% on a year-over-year basis. Sell-side analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

Insider Activity at NVR

In related news, Director Michael J. Devito bought 14 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was acquired at an average cost of $7,068.05 per share, with a total value of $98,952.70. Following the acquisition, the director owned 14 shares in the company, valued at approximately $98,952.70. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alexandra A. Jung sold 200 shares of the business’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the completion of the sale, the director directly owned 75 shares in the company, valued at approximately $606,183. This represents a 72.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 7.00% of the company’s stock.

NVR Company Profile

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.