Berkshire Hathaway Inc Acquires Shares of 11,112 NVR, Inc. $NVR

Berkshire Hathaway Inc bought a new position in NVR, Inc. (NYSE:NVR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,112 shares of the construction company’s stock, valued at approximately $75,711,000. NVR comprises about 0.0% of Berkshire Hathaway Inc’s portfolio, making the stock its 24th largest position.

A number of other large investors also recently modified their holdings of NVR. Caisse de depot et placement du Quebec acquired a new stake in shares of NVR in the second quarter valued at approximately $194,114,000. Man Group plc acquired a new position in NVR during the 2nd quarter worth $7,781,000. Councilmark Asset Management LLC acquired a new position in NVR during the 2nd quarter worth $1,199,000. Jupiter Topco LLC bought a new position in NVR in the 2nd quarter valued at $1,631,000. Finally, J. Goldman & Co LP bought a new position in NVR in the 2nd quarter valued at $327,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Trading Down 1.1%

NYSE:NVR opened at $6,365.53 on Thursday. The company has a current ratio of 5.28, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27. NVR, Inc. has a 1-year low of $5,501.01 and a 1-year high of $8,618.28. The firm has a market capitalization of $16.93 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 10.75 and a beta of 0.91. The business’s 50-day moving average price is $6,451.89 and its two-hundred day moving average price is $6,575.30.

NVR (NYSE:NVR) last issued its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the previous year, the company earned $108.54 earnings per share. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. On average, equities analysts expect that NVR, Inc. will post 367.13 earnings per share for the current year.

Analysts Set New Price Targets

NVR has been the subject of several research reports. BTIG Research set a $7,446.00 target price on NVR in a research note on Friday, July 24th. Zelman & Associates upgraded NVR from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. Zacks Research upgraded NVR from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th. Truist Financial lowered their price objective on NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a research report on Friday, July 24th. Finally, Weiss Ratings raised NVR from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 18th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $7,224.20.

Insider Activity

In other news, Director George Oliver bought 63 shares of the stock in a transaction on Friday, August 7th. The stock was purchased 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 in the company, valued at approximately $405,185.13. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 8.60% of the stock is owned by corporate insiders.

NVR 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.