NVR, Inc. $NVR Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its position in NVR, Inc. (NYSE:NVR) by 2.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,426 shares of the construction company’s stock after selling 769 shares during the quarter. Wellington Management Group LLP owned approximately 1.14% of NVR worth $207,305,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beacon Pointe Advisors LLC purchased a new stake in shares of NVR in the 2nd quarter valued at approximately $1,533,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of NVR during the 2nd quarter worth $34,000. Empowered Funds LLC acquired a new position in shares of NVR during the second quarter worth $17,258,000. United Capital Financial Advisors LLC acquired a new position in shares of NVR during the second quarter worth $763,000. Finally, Jefferies Financial Group Inc. acquired a new position in shares of NVR during the second quarter worth $1,158,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Performance

Shares of NVR stock opened at $6,311.96 on Tuesday. The stock has a market capitalization of $16.79 billion, a PE ratio of 16.37, a price-to-earnings-growth ratio of 10.69 and a beta of 0.91. NVR, Inc. has a 52-week low of $5,501.01 and a 52-week high of $8,618.28. The stock’s 50-day moving average price is $6,447.25 and its 200 day moving average price is $6,540.84. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27.

NVR (NYSE:NVR) last issued its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share 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 firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the company earned $108.54 earnings per share. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. As a group, equities research analysts forecast that NVR, Inc. will post 367.13 EPS for the current year.

Insider Buying and Selling at NVR

In related news, Director George Oliver purchased 63 shares of the business’s stock in a transaction dated 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 acquisition, the director directly owned 63 shares of the company’s stock, valued at $405,185.13. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NVR shares. Truist Financial dropped their price objective on NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Bank of America lowered their price target on NVR from $7,600.00 to $7,200.00 and set a “buy” rating for the company in a report on Monday, July 20th. Zelman & Associates upgraded shares of NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings upgraded shares of NVR from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 18th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $7,224.20.

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.