Wealthfront Advisers LLC Takes Position in NVR, Inc. $NVR

Wealthfront Advisers LLC acquired a new stake in shares of NVR, Inc. (NYSE:NVR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 286 shares of the construction company’s stock, valued at approximately $1,949,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in NVR by 0.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 425 shares of the construction company’s stock worth $3,099,000 after purchasing an additional 2 shares during the period. International Assets Investment Management LLC boosted its stake in shares of NVR by 3.9% in the 4th quarter. International Assets Investment Management LLC now owns 53 shares of the construction company’s stock worth $387,000 after buying an additional 2 shares during the last quarter. Ballentine Partners LLC boosted its stake in shares of NVR by 4.9% in the 4th quarter. Ballentine Partners LLC now owns 43 shares of the construction company’s stock worth $314,000 after buying an additional 2 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs grew its holdings in shares of NVR by 1.6% in the fourth quarter. AG2R LA Mondiale Gestion D Actifs now owns 127 shares of the construction company’s stock worth $926,000 after acquiring an additional 2 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of NVR by 28.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 9 shares of the construction company’s stock worth $67,000 after acquiring an additional 2 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NVR. Truist Financial lowered their target price on NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a report on Friday, July 24th. BTIG Research set a $7,446.00 price target on NVR in a research note on Friday, July 24th. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. UBS Group reduced their price target on shares of NVR from $7,700.00 to $7,400.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Finally, Weiss Ratings raised shares of NVR from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $7,224.20.

Insider Buying and Selling

In related news, Director George Oliver purchased 63 shares of NVR stock in a transaction on Friday, August 7th. The stock was acquired at an average price 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 $405,185.13. This represents a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.60% of the stock is currently owned by insiders.

NVR Trading Down 1.7%

NYSE:NVR opened at $6,309.44 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24. The firm has a market capitalization of $16.78 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 10.73 and a beta of 0.91. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,618.28. The business has a fifty day moving average price of $6,449.49 and a 200-day moving average price of $6,617.38.

NVR (NYSE:NVR) last announced its earnings results on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $83.06. The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm earned $108.54 EPS. Sell-side analysts forecast that NVR, Inc. will post 366.98 EPS for the current year.

NVR Company 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.