Rakuten Investment Management Inc. Buys Shares of 6,459 NVR, Inc. $NVR

Rakuten Investment Management Inc. purchased a new position in NVR, Inc. (NYSE:NVR) during the third quarter, HoldingsChannel.com reports. The fund purchased 6,459 shares of the construction company’s stock, valued at approximately $51,896,000.

Other large investors also recently modified their holdings of the company. AdvisorNet Financial Inc bought a new stake in NVR during the 2nd quarter worth approximately $30,000. Blue Trust Inc. grew its position in shares of NVR by 150.0% during the 2nd quarter. Blue Trust Inc. now owns 5 shares of the construction company’s stock valued at $37,000 after purchasing an additional 3 shares in the last quarter. Assetmark Inc. increased its holdings in shares of NVR by 50.0% in the second quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock worth $44,000 after purchasing an additional 2 shares during the period. State of Wyoming purchased a new stake in shares of NVR in the second quarter worth $44,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of NVR in the second quarter worth $59,000. 83.67% of the stock is currently owned by institutional investors.

Insider Activity

In other NVR news, Director Michael J. Devito bought 14 shares of NVR stock in a transaction that occurred on Monday, November 3rd. The shares were bought at an average price 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 trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

NVR has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. Wall Street Zen downgraded NVR from a “hold” rating to a “sell” rating in a research report on Saturday. UBS Group decreased their price objective on shares of NVR from $8,500.00 to $8,150.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 6th. BTIG Research began coverage on shares of NVR in a research note on Monday, December 1st. They issued a “buy” rating and a $9,022.00 target price on the stock. Finally, Bank of America dropped 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. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $8,443.00.

NVR Stock Performance

Shares of NYSE NVR opened at $7,542.90 on Wednesday. The stock’s 50-day moving average is $7,420.14 and its 200 day moving average is $7,689.13. The stock has a market cap of $21.41 billion, a price-to-earnings ratio of 16.55, a P/E/G ratio of 10.44 and a beta of 1.01. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $8,618.28. The company has a current ratio of 5.96, a quick ratio of 3.16 and a debt-to-equity ratio of 0.23.

NVR (NYSE:NVR) last issued its quarterly earnings results on Wednesday, October 22nd. The construction company reported $112.33 EPS for the quarter, beating analysts’ consensus estimates of $107.88 by $4.45. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.54 billion. NVR had a net margin of 14.00% and a return on equity of 35.89%. The business’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period last year, the business earned $130.50 earnings per share. On average, sell-side analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

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.