Pacer Advisors Inc. Sells 132 Shares of NVR, Inc. $NVR

Pacer Advisors Inc. reduced its holdings in shares of NVR, Inc. (NYSE:NVR) by 1.3% during the 1st quarter, Holdings Channel.com reports. The fund owned 9,896 shares of the construction company’s stock after selling 132 shares during the period. Pacer Advisors Inc.’s holdings in NVR were worth $65,213,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NVR. Capital Research Global Investors raised its position in NVR by 0.4% in the fourth quarter. Capital Research Global Investors now owns 133,554 shares of the construction company’s stock worth $973,979,000 after purchasing an additional 551 shares in the last quarter. M&T Bank Corp lifted its stake in NVR by 34,923.5% during the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock worth $413,777,000 after purchasing an additional 56,576 shares during the period. Corient Private Wealth LLC boosted its holdings in NVR by 407.5% during the fourth 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 in the last quarter. Norges Bank acquired a new stake in NVR during the fourth quarter valued at approximately $311,496,000. Finally, Capital World Investors grew its stake in shares of NVR by 0.3% in the 4th quarter. Capital World Investors now owns 40,703 shares of the construction company’s stock valued at $296,838,000 after purchasing an additional 127 shares during the period. Institutional investors own 83.67% of the company’s stock.

NVR Trading Up 0.3%

Shares of NVR opened at $6,165.25 on Monday. 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 company has a market cap of $16.65 billion, a price-to-earnings ratio of 15.99, a PEG ratio of 10.14 and a beta of 0.91. The stock has a fifty day moving average price of $6,411.55 and a two-hundred day moving average price of $6,746.23. NVR, Inc. has a 52-week low of $5,501.01 and a 52-week high of $8,618.28.

NVR (NYSE:NVR) last announced its earnings results on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, topping 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 analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the business earned $108.54 earnings per share. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. Analysts predict that NVR, Inc. will post 371.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NVR has been the subject of a number of recent research reports. Truist Financial dropped their target price on NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a report on Friday, July 24th. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research cut NVR from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Zelman & Associates upgraded NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Finally, UBS Group cut their price objective on NVR from $7,700.00 to $7,400.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, NVR currently has an average rating of “Hold” and a consensus target price of $7,224.20.

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.