Chicago Partners Investment Group LLC Buys Shares of 109 NVR, Inc. $NVR

Chicago Partners Investment Group LLC purchased a new stake in shares of NVR, Inc. (NYSE:NVR) during the second quarter, HoldingsChannel.com reports. The fund purchased 109 shares of the construction company’s stock, valued at approximately $743,000.

A number of other large investors have also recently made changes to their positions in NVR. Capital Research Global Investors raised its holdings in shares of NVR by 0.4% during the fourth quarter. Capital Research Global Investors now owns 133,554 shares of the construction company’s stock valued at $973,979,000 after purchasing an additional 551 shares during the last quarter. M&T Bank Corp lifted its position in NVR by 34,923.5% during the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock valued at $413,777,000 after purchasing an additional 56,576 shares during the period. Corient Private Wealth LLC boosted its holdings in NVR by 407.5% in the fourth quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock worth $332,346,000 after purchasing an additional 36,592 shares during the last quarter. Norges Bank purchased a new stake in NVR in the fourth quarter worth approximately $311,496,000. Finally, Capital World Investors grew its position in NVR by 0.3% in the 4th quarter. Capital World Investors now owns 40,703 shares of the construction company’s stock worth $296,838,000 after purchasing an additional 127 shares during the period. 83.67% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director George Oliver bought 63 shares of the firm’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 purchase, the director owned 63 shares in the company, valued at approximately $405,185.13. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.60% of the company’s stock.

NVR Stock Up 1.3%

Shares of NVR stock opened at $6,378.62 on Friday. NVR, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,618.28. The stock has a market cap of $16.97 billion, a P/E ratio of 16.54, a P/E/G ratio of 10.38 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. The company has a 50 day simple moving average of $6,449.03 and a two-hundred day simple moving average of $6,663.09.

NVR (NYSE:NVR) last issued its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $83.06. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. 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 firm posted $108.54 EPS. On average, research analysts expect that NVR, Inc. will post 371.98 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of NVR in a research note on Tuesday, August 4th. Zacks Research lowered NVR from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. Finally, Bank of America lowered their target price on NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a report on Monday, July 20th. 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 data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $7,224.20.

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.