6,588 Shares in NVR, Inc. $NVR Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of NVR, Inc. (NYSE:NVR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,588 shares of the construction company’s stock, valued at approximately $44,887,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NVR. AustralianSuper Pty Ltd purchased a new stake in NVR in the 4th quarter valued at $4,835,000. Norges Bank purchased a new position in NVR during the 4th quarter worth $311,496,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new position in NVR in the fourth quarter valued at $3,989,000. Northwestern Mutual Wealth Management Co. increased its stake in NVR by 13,371.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,544 shares of the construction company’s stock valued at $55,017,000 after purchasing an additional 7,488 shares during the period. Finally, SEB Asset Management AB acquired a new position in NVR in the first quarter valued at $6,834,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Trading Up 2.7%

Shares of NVR stock opened at $6,415.36 on Thursday. NVR, Inc. has a 52-week low of $5,501.01 and a 52-week high of $8,618.28. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27. The company’s 50-day simple moving average is $6,452.70 and its 200-day simple moving average is $6,626.78. The firm has a market cap of $17.06 billion, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 10.45 and a beta of 0.91.

NVR (NYSE:NVR) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $83.06. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the prior year, the company posted $108.54 earnings per share. As a group, equities research analysts anticipate that NVR, Inc. will post 366.98 earnings per share for the current year.

Insider Transactions at NVR

In other NVR news, Director George Oliver bought 63 shares of the company’s stock in a transaction on Friday, August 7th. The shares were bought at an average price 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 approximately $405,185.13. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 8.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NVR in a research note on Tuesday, August 4th. BTIG Research set a $7,446.00 target price on NVR in a research note on Friday, July 24th. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Truist Financial dropped their target price on NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Finally, Bank of America cut their price target on 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. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $7,224.20.

NVR 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.