Westerkirk Capital Inc. Takes Position in NVR, Inc. $NVR

Westerkirk Capital Inc. bought a new position in shares of NVR, Inc. (NYSE:NVR) in the 2nd quarter, HoldingsChannel reports. The fund bought 272 shares of the construction company’s stock, valued at approximately $2,009,000.

A number of other institutional investors have also made changes to their positions in the stock. Jones Financial Companies Lllp raised its stake in shares of NVR by 217,591.3% in the 1st quarter. Jones Financial Companies Lllp now owns 50,069 shares of the construction company’s stock valued at $3,758,000 after acquiring an additional 50,046 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in NVR by 9,358.6% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 48,239 shares of the construction company’s stock valued at $356,277,000 after purchasing an additional 47,729 shares during the last quarter. Nuveen LLC acquired a new stake in NVR in the 1st quarter valued at approximately $334,981,000. Norges Bank purchased a new stake in NVR in the second quarter valued at approximately $268,447,000. Finally, JPMorgan Chase & Co. lifted its stake in NVR by 41.6% during the first quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company’s stock worth $379,639,000 after purchasing an additional 15,405 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NVR shares. Bank of America lowered their price target on 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. BTIG Research assumed coverage on NVR in a research note on Monday. They set a “buy” rating and a $9,022.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. UBS Group boosted their price target on shares of NVR from $8,150.00 to $8,500.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Finally, Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $8,530.50.

Insider Buying and Selling

In related news, Director Michael J. Devito purchased 14 shares of NVR stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average cost of $7,068.05 per share, with a total value of $98,952.70. Following the completion of the transaction, the director directly owned 14 shares in the company, valued at approximately $98,952.70. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.00% of the stock is owned by corporate insiders.

NVR Stock Performance

Shares of NVR opened at $7,527.36 on Tuesday. The stock has a 50 day moving average price of $7,550.27 and a 200 day moving average price of $7,633.63. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $21.37 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 9.94 and a beta of 0.93. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,256.14.

NVR (NYSE:NVR) last released its quarterly earnings data on Wednesday, October 22nd. The construction company reported $112.33 earnings per share for the quarter, topping analysts’ consensus estimates of $107.88 by $4.45. NVR had a net margin of 14.00% and a return on equity of 35.81%. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter last year, the company earned $130.50 earnings per share. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. Research analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

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.