NVR, Inc. $NVR Stock Holdings Lessened by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its stake in shares of NVR, Inc. (NYSE:NVR) by 8.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,478 shares of the construction company’s stock after selling 136 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.05% of NVR worth $9,740,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NVR. Brighton Jones LLC lifted its position in NVR by 68.9% in the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock worth $622,000 after buying an additional 31 shares in the last quarter. Woodline Partners LP raised its holdings in shares of NVR by 28.4% during the first 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 boosted its position in NVR by 100.0% during the second quarter. EverSource Wealth Advisors LLC now owns 10 shares of the construction company’s stock valued at $75,000 after purchasing an additional 5 shares during the last quarter. Cerity Partners LLC boosted its position in NVR by 7.9% during the second quarter. Cerity Partners LLC now owns 409 shares of the construction company’s stock valued at $3,021,000 after purchasing an additional 30 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in 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 purchasing an additional 16 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NVR. Seaport Research Partners reaffirmed a “sell” rating and set a $5,664.00 price target on shares of NVR in a research note on Tuesday, April 7th. UBS Group lowered their price target on NVR from $7,700.00 to $7,400.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Weiss Ratings downgraded NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Bank of America cut their price objective on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Finally, Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $7,224.20.

NVR Stock Up 1.0%

NVR opened at $6,207.46 on Tuesday. The firm has a market cap of $16.76 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 10.14 and a beta of 0.91. 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 has a 50 day moving average price of $6,414.86 and a 200 day moving average price of $6,735.96. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28.

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

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.