NVR, Inc. $NVR Stock Holdings Lowered by Candriam S.C.A.

Candriam S.C.A. cut its holdings in shares of NVR, Inc. (NYSE:NVR) by 29.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 224 shares of the construction company’s stock after selling 93 shares during the period. Candriam S.C.A.’s holdings in NVR were worth $1,654,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. AdvisorNet Financial Inc bought a new position in shares of NVR in the second quarter valued at $30,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of NVR in the 1st quarter worth $36,000. Ridgewood Investments LLC raised its position in shares of NVR by 150.0% during the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company’s stock worth $36,000 after purchasing an additional 3 shares during the period. SouthState Corp acquired a new stake in shares of NVR during the first quarter worth $36,000. Finally, Blue Trust Inc. lifted its holdings in shares of NVR by 150.0% during the second quarter. Blue Trust Inc. now owns 5 shares of the construction company’s stock valued at $37,000 after purchasing an additional 3 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Up 0.2%

NVR stock opened at $7,267.30 on Monday. The company has a 50 day moving average of $7,753.02 and a two-hundred day moving average of $7,620.24. The company has a market cap 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 12-month low of $6,562.85 and a 12-month high of $9,376.75. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24.

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

Analysts Set New Price Targets

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

Insider Transactions at NVR

In other news, Director Alexandra A. Jung sold 200 shares of NVR stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total transaction of $1,616,488.00. Following the completion of the sale, the director directly owned 75 shares in the company, valued at $606,183. The trade was a 72.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael J. Devito acquired 14 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average price of $7,068.05 per share, for a total transaction of $98,952.70. Following the acquisition, the director directly owned 14 shares of the company’s stock, valued at $98,952.70. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 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.