Commerce Bank Buys New Shares in NVR, Inc. $NVR

Commerce Bank purchased a new position in shares of NVR, Inc. (NYSE:NVR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 265 shares of the construction company’s stock, valued at approximately $1,806,000.

Several other hedge funds have also bought and sold shares of NVR. BlackRock Inc. bought a new position in NVR during the second quarter worth about $2,004,324,000. Capital Research Global Investors raised its position in shares of NVR by 0.4% in 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 period. Corient Private Wealth LLC lifted its stake in shares of NVR by 407.5% during the 4th quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock worth $332,346,000 after buying an additional 36,592 shares during the last quarter. Norges Bank acquired a new stake in shares of NVR during the 4th quarter worth about $311,496,000. Finally, Capital World Investors boosted its holdings in shares of NVR by 0.3% during the 4th quarter. Capital World Investors now owns 40,703 shares of the construction company’s stock worth $296,838,000 after buying an additional 127 shares during the period. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wall Street Zen raised 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. UBS Group lowered their price objective on NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Weiss Ratings raised NVR from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 18th. Finally, Truist Financial decreased their target price on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, NVR currently has a consensus rating of “Hold” and a consensus price target of $7,224.20.

NVR Stock Performance

NYSE:NVR opened at $6,432.84 on Wednesday. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28. 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 stock’s 50-day simple moving average is $6,450.03 and its 200 day simple moving average is $6,587.13. The firm has a market capitalization of $17.11 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 10.69 and a beta of 0.91.

NVR (NYSE:NVR) last issued its earnings results on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, topping the consensus estimate 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 return on equity of 31.02% and a net margin of 12.26%.The business’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $108.54 earnings per share. On average, analysts anticipate that NVR, Inc. will post 367.13 EPS for the current fiscal year.

Insider Activity

In related news, Director George Oliver purchased 63 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were bought at an average cost of $6,431.51 per share, with a total value of $405,185.13. Following the acquisition, the director owned 63 shares of the company’s stock, valued at $405,185.13. This trade represents a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 8.60% of the company’s stock.

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.