West Family Investments Inc. Invests $593,000 in NVR, Inc. $NVR

West Family Investments Inc. bought a new position in NVR, Inc. (NYSE:NVR) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 87 shares of the construction company’s stock, valued at approximately $593,000.

A number of other hedge funds have also recently made changes to their positions in NVR. California State Teachers Retirement System grew its position in NVR by 730,998.7% during the second quarter. California State Teachers Retirement System now owns 26,728,968 shares of the construction company’s stock worth $182,115,151,000 after buying an additional 26,725,312 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of NVR in the 2nd quarter valued at $2,004,324,000. Norges Bank bought a new position in shares of NVR during the 4th quarter valued at $311,496,000. Corient Private Wealth LLC grew its holdings in shares of NVR by 407.5% during the 4th quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock valued at $332,346,000 after purchasing an additional 36,592 shares during the last quarter. Finally, Caisse de depot et placement du Quebec purchased a new position in NVR in the 2nd quarter worth $194,114,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NVR has been the subject of a number of recent research reports. Weiss Ratings raised NVR from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 18th. Bank of America dropped their target price on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating for the company in a research report on Monday, July 20th. Zelman & Associates upgraded NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Truist Financial cut their price objective on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Finally, Zacks Research upgraded shares of NVR from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $7,224.20.

NVR Stock Down 2.6%

NVR stock opened at $6,134.18 on Wednesday. The stock has a fifty day simple moving average of $6,393.67 and a two-hundred day simple moving average of $6,481.58. NVR, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,563.79. The firm has a market cap of $16.32 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 10.53 and a beta of 0.91. The company has a current ratio of 5.28, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27.

NVR (NYSE:NVR) last issued its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $83.06. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $108.54 earnings per share. Equities analysts predict that NVR, Inc. will post 367.13 EPS for the current fiscal year.

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.

About NVR

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.