Cornerstone Advisors LLC Acquires New Position in NVR, Inc. $NVR

Cornerstone Advisors LLC bought a new position in NVR, Inc. (NYSE:NVR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 956 shares of the construction company’s stock, valued at approximately $6,514,000.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in NVR by 68.9% in the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock valued at $622,000 after purchasing an additional 31 shares during the last quarter. Woodline Partners LP boosted its stake in NVR by 28.4% in the 1st quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock worth $1,833,000 after buying an additional 56 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in 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 buying an additional 5 shares during the period. Cerity Partners LLC grew its holdings in 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 buying an additional 30 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of 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 acquiring an additional 16 shares during the period. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NVR

In other NVR news, Director George Oliver bought 63 shares of NVR stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the acquisition, the director owned 63 shares of the company’s stock, valued at $405,185.13. The trade was a ? increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 8.60% of the company’s stock.

Analyst Upgrades and Downgrades

NVR has been the topic of several research analyst reports. Zacks Research cut shares of NVR from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. BTIG Research set a $7,446.00 price target on shares of NVR in a research note on Friday, July 24th. UBS Group lowered their price objective on shares of NVR from $7,700.00 to $7,400.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of NVR in a report on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $7,224.20.

NVR Trading Up 0.1%

NYSE NVR opened at $6,311.32 on Tuesday. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,618.28. The company’s 50 day moving average price is $6,453.49 and its 200 day moving average price is $6,644.87. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28. The firm has a market capitalization of $16.79 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 10.55 and a beta of 0.91.

NVR (NYSE:NVR) last announced its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $83.06. NVR had a net margin of 12.26% and a return on equity of 31.02%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the company posted $108.54 earnings per share. NVR’s revenue was down 10.5% compared to the same quarter last year. On average, sell-side analysts predict that NVR, Inc. will post 366.98 EPS 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.