94 Shares in NVR, Inc. $NVR Acquired by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI bought a new position in NVR, Inc. (NYSE:NVR) in the second quarter, Holdings Channel.com reports. The fund bought 94 shares of the construction company’s stock, valued at approximately $640,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of NVR during the 2nd quarter valued at $2,004,324,000. M&T Bank Corp lifted its holdings in shares of NVR by 34,923.5% in the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock valued at $413,777,000 after buying an additional 56,576 shares during the period. Norges Bank acquired a new stake in shares of NVR in the fourth quarter valued at $311,496,000. Corient Private Wealth LLC lifted its holdings in shares of NVR by 407.5% in the fourth quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock valued at $332,346,000 after buying an additional 36,592 shares during the period. Finally, First Trust Advisors LP boosted its stake in NVR by 879.9% during the first quarter. First Trust Advisors LP now owns 24,418 shares of the construction company’s stock valued at $160,911,000 after buying an additional 21,926 shares in the last quarter. 83.67% of the stock is owned by institutional investors.

NVR Trading Up 2.7%

Shares of NYSE NVR opened at $6,415.36 on Thursday. NVR, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,618.28. The company has a market cap of $17.06 billion, a price-to-earnings ratio of 16.64, a P/E/G ratio of 10.45 and a beta of 0.91. 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 business has a fifty day simple moving average of $6,452.70 and a 200-day simple moving average of $6,626.78.

NVR (NYSE:NVR) last released 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. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.40 billion. NVR had a return on equity of 31.02% and a net margin of 12.26%.NVR’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter last year, the company posted $108.54 EPS. Sell-side analysts predict that NVR, Inc. will post 366.98 EPS for the current year.

Analyst Ratings Changes

NVR has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NVR in a report on Tuesday, August 4th. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. Bank of America reduced their price objective on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Zacks Research cut shares of NVR from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Finally, UBS Group dropped their target price on shares of NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $7,224.20.

Insider Buying and Selling

In other news, Director George Oliver bought 63 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was bought at an average cost of $6,431.51 per share, for a total transaction of $405,185.13. Following the completion of the acquisition, the director directly owned 63 shares in the company, valued at $405,185.13. This represents a ? increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 8.60% of the company’s stock.

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.