UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Position in NVR, Inc. $NVR

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of NVR, Inc. (NYSE:NVR) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,595 shares of the construction company’s stock after acquiring an additional 329 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in NVR were worth $147,135,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Mufg Securities Americas Inc. increased its position in NVR by 5.2% during the second quarter. Mufg Securities Americas Inc. now owns 81 shares of the construction company’s stock worth $552,000 after purchasing an additional 4 shares during the last quarter. Nissay Asset Management Corp Japan boosted its holdings in NVR by 0.6% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 364 shares of the construction company’s stock valued at $2,480,000 after purchasing an additional 2 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in NVR by 13.2% in the 2nd quarter. Hsbc Holdings PLC now owns 10,743 shares of the construction company’s stock valued at $73,157,000 after purchasing an additional 1,249 shares during the last quarter. Beacon Pointe Advisors LLC purchased a new stake in shares of NVR in the 2nd quarter valued at approximately $1,533,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of NVR in the 2nd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Buying and Selling

In other news, Director George Oliver purchased 63 shares of the stock in a transaction dated Friday, August 7th. The stock was acquired at an average cost of $6,431.51 per share, for a total transaction of $405,185.13. Following the completion of the transaction, the director directly owned 63 shares in the company, valued at approximately $405,185.13. This represents a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 8.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Bank of America cut their price target on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating for the company in a report on Monday, July 20th. Zelman & Associates upgraded NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. BTIG Research set a $7,446.00 target price on NVR in a research note on Friday, July 24th. Weiss Ratings upgraded NVR from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 18th. Finally, Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, NVR presently has a consensus rating of “Hold” and a consensus target price of $7,224.20.

NVR Price Performance

NVR stock opened at $6,284.54 on Wednesday. The company’s 50 day simple moving average is $6,444.91 and its 200-day simple moving average is $6,528.02. The company has a market capitalization of $16.72 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 10.55 and a beta of 0.91. NVR, Inc. has a 1 year low of $5,501.01 and a 1 year high of $8,618.28. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28.

NVR (NYSE:NVR) last posted its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, topping 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 last year, the company posted $108.54 EPS. The firm’s quarterly revenue was down 10.5% on a year-over-year basis. As a group, equities research analysts expect that NVR, Inc. will post 367.13 earnings per share for the current year.

About NVR

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.