Pacer Advisors Inc. Increases Stock Position in NVR, Inc. $NVR

Pacer Advisors Inc. raised its stake in NVR, Inc. (NYSE:NVR) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,028 shares of the construction company’s stock after acquiring an additional 367 shares during the period. Pacer Advisors Inc.’s holdings in NVR were worth $73,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its position in shares of NVR by 68.9% during the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock worth $622,000 after purchasing an additional 31 shares in the last quarter. Woodline Partners LP boosted its position in shares of NVR by 28.4% in the 1st quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock valued at $1,833,000 after purchasing an additional 56 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of NVR by 100.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 10 shares of the construction company’s stock valued at $75,000 after purchasing an additional 5 shares during the period. Cerity Partners LLC boosted its position in shares of NVR by 7.9% in the 2nd quarter. Cerity Partners LLC now owns 409 shares of the construction company’s stock valued at $3,021,000 after purchasing an additional 30 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in NVR by 3.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 449 shares of the construction company’s stock worth $3,316,000 after buying an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on NVR. Seaport Research Partners reaffirmed a “sell” rating and set a $5,664.00 price target on shares of NVR in a research report on Tuesday, April 7th. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Truist Financial cut their target price on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. BTIG Research reiterated a “buy” rating and issued a $8,096.00 price target on shares of NVR in a research report on Wednesday, April 22nd. Finally, Weiss Ratings downgraded shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $7,649.33.

NVR Stock Up 3.3%

NVR stock opened at $6,480.86 on Friday. The stock has a 50 day moving average of $6,292.19 and a two-hundred day moving average of $6,945.85. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28. The stock has a market capitalization of $17.50 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 4.62 and a beta of 0.93. The company has a current ratio of 5.19, a quick ratio of 2.67 and a debt-to-equity ratio of 0.26.

NVR (NYSE:NVR) last released its earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). NVR had a net margin of 12.93% and a return on equity of 32.66%. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the firm posted $94.83 EPS. The company’s revenue for the quarter was down 21.7% on a year-over-year basis. As a group, research analysts expect that NVR, Inc. will post 375.15 earnings per share for the current year.

Insider Buying and Selling at NVR

In other news, Director Michael J. Devito acquired 11 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were purchased at an average cost of $6,699.50 per share, for a total transaction of $73,694.50. Following the transaction, the director directly owned 25 shares in the company, valued at approximately $167,487.50. This represents a 78.57% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 8.60% of the stock is currently owned by corporate insiders.

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.