Epoch Investment Partners Inc. Boosts Stock Position in NVR, Inc. $NVR

Epoch Investment Partners Inc. raised its holdings in shares of NVR, Inc. (NYSE:NVR) by 10.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,359 shares of the construction company’s stock after purchasing an additional 1,577 shares during the quarter. Epoch Investment Partners Inc.’s holdings in NVR were worth $107,803,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in NVR by 68.9% during the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock valued at $622,000 after buying an additional 31 shares in the last quarter. Woodline Partners LP grew its stake in NVR by 28.4% in the 1st quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock worth $1,833,000 after acquiring an additional 56 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of NVR by 100.0% during the second quarter. EverSource Wealth Advisors LLC now owns 10 shares of the construction company’s stock worth $75,000 after acquiring an additional 5 shares during the period. Cerity Partners LLC increased its position in shares of NVR by 7.9% during the second quarter. Cerity Partners LLC now owns 409 shares of the construction company’s stock worth $3,021,000 after acquiring an additional 30 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in shares of NVR by 3.7% during the second quarter. Daiwa Securities Group Inc. now owns 449 shares of the construction company’s stock valued at $3,316,000 after acquiring an additional 16 shares in the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NVR shares. Zacks Research lowered NVR from a “hold” rating to a “strong sell” rating in a report on Tuesday. Weiss Ratings cut NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Seaport Research Partners reissued a “sell” rating and set a $5,664.00 price target on shares of NVR in a research report on Tuesday, April 7th. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, UBS Group set a $7,400.00 price objective on shares of NVR in a research note on Friday. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $7,224.20.

NVR News Summary

Here are the key news stories impacting NVR this week:

• Negative Sentiment: NVR’s second-quarter results missed expectations on revenue and earnings, with EPS falling to $83.96 from $108.54 a year ago and revenue dropping about 10% as fewer settlements and lower pricing weighed on results. NVR, INC. ANNOUNCES SECOND QUARTER RESULTS
• Negative Sentiment: Homebuilding margin pressure was a key concern, with higher lot costs, pricing pressure, and contract land deposit impairments cutting profitability despite improved orders and backlog growth. NVR Q2 Earnings Miss Estimates on Margin Pressure, Stock Down
• Negative Sentiment: Truist Financial lowered its price target on NVR to $6,400 from $6,600 and kept a hold rating, signaling more cautious expectations for the shares. Benzinga
• Negative Sentiment: Zacks Research downgraded NVR to “strong sell” and trimmed several future earnings estimates, reinforcing concerns that near-term earnings momentum may stay weak. Zacks.com

NVR Stock Performance

Shares of NYSE:NVR opened at $6,425.36 on Friday. The company has a market capitalization of $17.35 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 15.80 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 quick ratio of 2.67, a current ratio of 5.19 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $6,370.66 and a 200 day moving average of $6,786.91.

NVR (NYSE:NVR) last announced its earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $83.06. NVR had a return on equity of 30.23% and a net margin of 12.26%.The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the firm earned $108.54 EPS. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. On average, sell-side analysts predict that NVR, Inc. will post 371.11 earnings per share for the current fiscal year.

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.