Danske Bank A S Purchases Shares of 364 NVR, Inc. $NVR

Danske Bank A S acquired a new stake in shares of NVR, Inc. (NYSE:NVR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 364 shares of the construction company’s stock, valued at approximately $2,480,000.

Several other large investors have also recently modified their holdings of the stock. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in NVR by 0.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 425 shares of the construction company’s stock valued at $3,099,000 after acquiring an additional 2 shares during the period. International Assets Investment Management LLC increased its stake in NVR by 3.9% in the 4th quarter. International Assets Investment Management LLC now owns 53 shares of the construction company’s stock worth $387,000 after purchasing an additional 2 shares during the period. Ballentine Partners LLC increased its stake in NVR by 4.9% in the 4th quarter. Ballentine Partners LLC now owns 43 shares of the construction company’s stock worth $314,000 after purchasing an additional 2 shares during the period. AG2R LA Mondiale Gestion D Actifs lifted its position in NVR by 1.6% in the fourth quarter. AG2R LA Mondiale Gestion D Actifs now owns 127 shares of the construction company’s stock valued at $926,000 after purchasing an additional 2 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in NVR by 28.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 9 shares of the construction company’s stock valued at $67,000 after purchasing an additional 2 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Buying and Selling

In related news, Director George Oliver bought 63 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was purchased at an average cost of $6,431.51 per share, with a total value of $405,185.13. Following the transaction, the director owned 63 shares in the company, valued at approximately $405,185.13. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NVR shares. BTIG Research set a $7,446.00 target price on shares of NVR in a report on Friday, July 24th. Truist Financial lowered their price target on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a report on Friday, July 24th. Weiss Ratings raised shares of NVR from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Zacks Research raised shares of NVR from a “strong sell” rating to a “hold” rating in a report on Wednesday. Finally, Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $7,224.20.

NVR Price Performance

Shares of NVR stock opened at $6,362.57 on Friday. 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 has a market cap of $16.92 billion, a PE ratio of 16.50, a P/E/G ratio of 10.53 and a beta of 0.91. The business has a 50 day moving average of $6,448.99 and a 200 day moving average of $6,615.60. NVR, Inc. has a 52 week low of $5,501.01 and a 52 week high of $8,618.28.

NVR (NYSE:NVR) last released its quarterly 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 business had revenue of $2.34 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $108.54 earnings per share. As a group, equities research analysts forecast that NVR, Inc. will post 366.98 earnings per share for the current year.

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.