Readystate Asset Management LP Acquires Shares of 293 NVR, Inc. $NVR

Readystate Asset Management LP acquired a new stake in NVR, Inc. (NYSE:NVR) in the first quarter, HoldingsChannel.com reports. The fund acquired 293 shares of the construction company’s stock, valued at approximately $1,931,000.

A number of other institutional investors have also made changes to their positions in the business. AustralianSuper Pty Ltd bought a new position in NVR in the 4th quarter valued at about $4,835,000. Norges Bank bought a new stake in shares of NVR during the fourth quarter worth approximately $311,496,000. Tudor Investment Corp ET AL grew its position in shares of NVR by 1,245.3% in the third quarter. Tudor Investment Corp ET AL now owns 1,009 shares of the construction company’s stock valued at $8,107,000 after purchasing an additional 934 shares during the last quarter. Luma Capital S.A. SPF acquired a new position in shares of NVR in the fourth quarter valued at approximately $9,874,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in NVR by 4.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,896 shares of the construction company’s stock worth $42,916,000 after purchasing an additional 261 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

NVR Stock Performance

NVR opened at $6,476.14 on Wednesday. The firm has a market cap of $17.49 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 10.41 and a beta of 0.90. NVR, Inc. has a 52-week low of $5,501.01 and a 52-week 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. The business’s fifty day moving average is $6,396.44 and its 200-day moving average is $6,772.10.

NVR (NYSE:NVR) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $83.06. NVR had a return on equity of 31.02% and a net margin of 12.26%.The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the firm earned $108.54 earnings per share. NVR’s revenue for the quarter was down 10.5% compared to the same quarter last year. Sell-side analysts expect that NVR, Inc. will post 371.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NVR. Truist Financial reduced their price target on NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Seaport Research Partners reissued a “sell” rating and set a $5,664.00 target price on shares of NVR in a report on Tuesday, April 7th. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Zelman & Associates upgraded shares of NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Finally, Zacks Research lowered shares of NVR from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $7,224.20.

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.