WINTON GROUP Ltd Acquires Shares of 106 NVR, Inc. $NVR

WINTON GROUP Ltd acquired a new position in NVR, Inc. (NYSE:NVR) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 106 shares of the construction company’s stock, valued at approximately $722,000.

Other hedge funds have also modified their holdings of the company. California State Teachers Retirement System grew its position in shares of NVR by 730,998.7% during the 2nd quarter. California State Teachers Retirement System now owns 26,728,968 shares of the construction company’s stock valued at $182,115,151,000 after acquiring an additional 26,725,312 shares during the period. BlackRock Inc. acquired a new stake in NVR in the second quarter valued at approximately $2,004,324,000. Norges Bank purchased a new stake in shares of NVR in the fourth quarter valued at approximately $311,496,000. Corient Private Wealth LLC raised its stake in shares of NVR by 407.5% during 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 during the period. Finally, Caisse de depot et placement du Quebec purchased a new position in shares of NVR during the 2nd quarter valued at approximately $194,114,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Price Performance

NVR opened at $6,308.61 on Tuesday. The stock’s 50-day moving average price is $6,353.12 and its 200 day moving average price is $6,444.48. NVR, Inc. has a 12-month low of $5,501.01 and a 12-month high of $8,489.85. The firm has a market cap of $16.78 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 10.30 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 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 company had revenue of $2.34 billion during 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%.NVR’s revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $108.54 EPS. As a group, sell-side analysts expect that NVR, Inc. will post 367.13 earnings per share for the current year.

Insider Activity at NVR

In other NVR news, Director George Oliver acquired 63 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the completion of the acquisition, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on NVR shares. Weiss Ratings raised shares of NVR from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 18th. BTIG Research set a $7,446.00 price objective on shares of NVR in a report on Friday, July 24th. Bank of America dropped their target price on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Zelman & Associates upgraded NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Finally, Truist Financial lowered their price target on NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $7,224.20.

About NVR

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs, constructs and sells single-family homes, townhomes and condominiums under the Ryan Homes, NVHomes and Heartland Homes brands.

NVR primarily serves homebuyers in the Mid-Atlantic, Midwest and Southeast regions of the United States. Its communities are developed in a range of suburban and urban markets, with homes generally marketed to first-time, move-up and luxury buyers.

Through its mortgage banking operations, NVR provides mortgage loans and related services to many of the customers who purchase its homes.