Birinyi Associates Inc. Grows Position in NVR, Inc. $NVR

Birinyi Associates Inc. boosted its holdings in NVR, Inc. (NYSE:NVR) by 6.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 53 shares of the construction company’s stock after acquiring an additional 3 shares during the quarter. Birinyi Associates Inc.’s holdings in NVR were worth $392,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of NVR. AdvisorNet Financial Inc purchased a new position in NVR in the second quarter worth $30,000. Olde Wealth Management LLC purchased a new position in NVR in the first quarter worth $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in NVR in the first quarter worth $36,000. Ridgewood Investments LLC raised its position in NVR by 150.0% in the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company’s stock worth $36,000 after acquiring an additional 3 shares in the last quarter. Finally, SouthState Corp purchased a new position in NVR in the first quarter worth $36,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Trading Down 2.8%

Shares of NVR stock opened at $7,844.21 on Wednesday. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,964.77. The stock has a market cap of $22.51 billion, a P/E ratio of 16.56, a P/E/G ratio of 11.22 and a beta of 0.94. The business has a fifty day simple moving average of $8,091.39 and a 200-day simple moving average of $7,556.83. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, beating analysts’ consensus estimates of $104.89 by $3.65. NVR had a return on equity of 37.35% and a net margin of 14.68%.The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter last year, the business posted $120.69 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. On average, analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. UBS Group increased their price objective on NVR from $7,900.00 to $8,150.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. increased their price objective on NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a research report on Thursday, July 24th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, NVR has an average rating of “Hold” and an average price target of $8,783.33.

Insider Activity at NVR

In related news, CAO Matthew B. Kelpy sold 600 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the sale, the chief accounting officer owned 208 shares of the company’s stock, valued at $1,684,800. This trade represents a 74.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alexandra A. Jung sold 200 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the sale, the director directly owned 75 shares in the company, valued at approximately $606,183. The trade was a 72.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 975 shares of company stock valued at $7,869,360 over the last quarter. Insiders own 7.80% of the company’s stock.

NVR Profile

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.