OP Asset Management Ltd Takes Position in NVR, Inc. $NVR

OP Asset Management Ltd bought a new stake in NVR, Inc. (NYSE:NVR) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 302 shares of the construction company’s stock, valued at approximately $1,990,000.

Other institutional investors have also added to or reduced their stakes in the company. DV Equities LLC bought a new position in NVR during the fourth quarter valued at about $29,000. Strive Financial Group LLC bought a new stake in shares of NVR in the 4th quarter worth approximately $29,000. Oakworth Capital Inc. acquired a new stake in shares of NVR during the 4th quarter worth approximately $36,000. State of Wyoming acquired a new stake in shares of NVR during the 2nd quarter worth approximately $44,000. Finally, USA Financial Formulas increased its position in shares of NVR by 75.0% during the fourth quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock valued at $51,000 after purchasing an additional 3 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

NVR Trading Up 0.0%

Shares of NVR opened at $6,829.68 on Monday. NVR, Inc. has a 1 year low of $5,501.01 and a 1 year high of $8,618.28. The company has a current ratio of 5.19, a quick ratio of 2.67 and a debt-to-equity ratio of 0.26. The stock has a 50 day simple moving average of $6,270.56 and a 200-day simple moving average of $6,906.09. The stock has a market cap of $18.44 billion, a PE ratio of 16.65, a PEG ratio of 5.06 and a beta of 0.93.

NVR (NYSE:NVR) last posted its earnings results on Wednesday, April 22nd. The construction company reported $67.76 EPS for the quarter, missing the consensus estimate of $79.97 by ($12.21). The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.09 billion. NVR had a return on equity of 32.66% and a net margin of 12.93%.NVR’s quarterly revenue was down 21.7% compared to the same quarter last year. During the same quarter last year, the business earned $94.83 EPS. On average, sell-side analysts predict that NVR, Inc. will post 372.53 EPS for the current fiscal year.

Insider Transactions at NVR

In related news, Director Michael J. Devito acquired 11 shares of the business’s stock in a transaction on Friday, April 24th. The stock was bought at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the completion of the acquisition, the director owned 25 shares in the company, valued at $167,487.50. The trade was a 78.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on NVR. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. BTIG Research reissued a “buy” rating and issued a $8,096.00 price target on shares of NVR in a report on Wednesday, April 22nd. Weiss Ratings cut shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. UBS Group dropped their price objective on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Finally, Seaport Research Partners reaffirmed a “sell” rating and set a $5,664.00 price objective on shares of NVR in a report on Tuesday, April 7th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, NVR presently has an average rating of “Hold” and an average target price of $7,649.33.

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.