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

Pallas Capital Advisors LLC bought a new position in NVR, Inc. (NYSE:NVR) during the second quarter, Holdings Channel reports. The firm bought 126 shares of the construction company’s stock, valued at approximately $858,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clearstead Trust LLC bought a new stake in NVR in the 2nd quarter worth approximately $27,000. DV Equities LLC purchased a new stake in shares of NVR during the 4th quarter worth approximately $29,000. Strive Financial Group LLC bought a new position in shares of NVR during the 4th quarter valued at approximately $29,000. Trust Co. of Vermont bought a new position in shares of NVR during the 2nd quarter valued at approximately $34,000. Finally, Oakworth Capital Inc. bought a new position in shares of NVR during the 4th quarter valued at approximately $36,000. 83.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NVR has been the topic of several research reports. Zacks Research cut shares of NVR from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Zelman & Associates upgraded shares of NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. BTIG Research set a $7,446.00 target price on shares of NVR in a report on Friday, July 24th. Finally, UBS Group reduced their target price on shares of NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, NVR has a consensus rating of “Hold” and a consensus price target of $7,224.20.

NVR Price Performance

NYSE:NVR opened at $6,261.56 on Wednesday. The firm has a market capitalization of $16.66 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 10.55 and a beta of 0.91. 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 business has a 50 day simple moving average of $6,450.51 and a 200-day simple moving average of $6,635.19. NVR, Inc. has a 1 year low of $5,501.01 and a 1 year high of $8,618.28.

NVR (NYSE:NVR) last released its 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. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.40 billion. NVR had a return on equity of 31.02% and a net margin of 12.26%.The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $108.54 EPS. Equities analysts forecast that NVR, Inc. will post 366.98 EPS for the current year.

Insider Transactions at NVR

In other news, Director George Oliver acquired 63 shares of the company’s stock in a transaction on Friday, August 7th. The stock was bought at an average cost of $6,431.51 per share, with a total value of $405,185.13. Following the completion of the purchase, the director directly owned 63 shares of the company’s stock, valued at $405,185.13. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 8.60% of the stock is currently owned by corporate 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.