Wedge Capital Management L L P NC Has $6.74 Million Stock Holdings in NVR, Inc. $NVR

Wedge Capital Management L L P NC lifted its stake in shares of NVR, Inc. (NYSE:NVR) by 17.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 839 shares of the construction company’s stock after purchasing an additional 123 shares during the quarter. Wedge Capital Management L L P NC’s holdings in NVR were worth $6,741,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVR. AdvisorNet Financial Inc acquired a new stake in NVR during the second quarter worth about $30,000. Blue Trust Inc. lifted its holdings in shares of NVR by 150.0% during the 2nd quarter. Blue Trust Inc. now owns 5 shares of the construction company’s stock worth $37,000 after acquiring an additional 3 shares during the period. Assetmark Inc. boosted its position in shares of NVR by 50.0% during the 2nd quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock worth $44,000 after acquiring an additional 2 shares in the last quarter. State of Wyoming bought a new position in NVR in the second quarter valued at approximately $44,000. Finally, CYBER HORNET ETFs LLC acquired a new position in NVR during the second quarter valued at approximately $59,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insiders Place Their Bets

In related news, Director Michael J. Devito bought 14 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average cost of $7,068.05 per share, with a total value of $98,952.70. Following the transaction, the director directly owned 14 shares in the company, valued at approximately $98,952.70. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 7.80% of the stock is owned by insiders.

NVR Stock Performance

Shares of NVR stock opened at $7,391.06 on Monday. The firm has a market capitalization of $20.99 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 9.97 and a beta of 1.01. The company has a current ratio of 5.96, a quick ratio of 3.16 and a debt-to-equity ratio of 0.23. The business’s 50-day moving average price is $7,430.29 and its 200-day moving average price is $7,670.98. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $8,618.28.

NVR (NYSE:NVR) last issued its quarterly earnings data on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $107.88 by $4.45. NVR had a net margin of 14.00% and a return on equity of 35.89%. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same quarter last year, the business earned $130.50 EPS. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. Equities research analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

Wall Street Analyst Weigh In

NVR has been the topic of several recent analyst reports. UBS Group lifted their price target on NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. BTIG Research assumed coverage on shares of NVR in a research note on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price target on the stock. Finally, Bank of America lowered their price objective on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $8,530.50.

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.