MFG Investments LLC Acquires 545 Shares of NVR, Inc. $NVR

MFG Investments LLC acquired a new position in shares of NVR, Inc. (NYSE:NVR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 545 shares of the construction company’s stock, valued at approximately $3,354,000. NVR comprises about 3.8% of MFG Investments LLC’s portfolio, making the stock its 4th largest holding.

A number of other hedge funds also recently made changes to their positions in NVR. Clearstead Trust LLC bought a new position in NVR in the second quarter valued at $27,000. Activest Wealth Management purchased a new stake in NVR during the third quarter valued at about $25,000. Trust Co. of Vermont purchased a new stake in NVR during the second quarter valued at about $34,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in NVR during the second quarter worth about $34,000. Finally, Global Retirement Partners LLC bought a new stake in NVR during the second quarter worth about $41,000. 83.67% of the stock is owned by institutional investors.

NVR Price Performance

NVR stock opened at $6,033.06 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28. NVR, Inc. has a 52 week low of $5,501.01 and a 52 week high of $8,200.00. The firm’s fifty day moving average is $6,109.73 and its 200 day moving average is $6,542.55. The firm has a market cap of $16.05 billion, a P/E ratio of 16.63 and a beta of 0.93.

NVR (NYSE:NVR) last posted its quarterly earnings results on Thursday, October 22nd. The construction company reported $89.45 earnings per share for the quarter, missing the consensus estimate of $102.77 by ($13.32). The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.57 billion. NVR had a return on equity of 29.23% and a net margin of 11.51%. The business’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $112.33 earnings per share. Research analysts predict that NVR, Inc. will post 350.65 earnings per share for the current year.

Insider Activity

In related news, Director George Oliver acquired 63 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were purchased at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the completion of the acquisition, the director owned 63 shares in the company, valued at approximately $405,185.13. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 8.60% of the company’s stock.

Wall Street Analyst Weigh In

NVR has been the subject of a number of research reports. Wall Street Zen cut NVR from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. UBS Group raised their price objective on NVR from $7,400.00 to $7,425.00 and gave the company a “neutral” rating in a report on Friday, October 23rd. Bank of America downgraded NVR from a “buy” rating to an “underperform” rating and set a $5,900.00 target price for the company. in a research report on Friday, October 23rd. 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 research report on Friday, July 24th. Finally, Zacks Research lowered NVR from a “hold” rating to a “strong sell” rating in a research note on Monday, September 21st. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, NVR presently has a consensus rating of “Reduce” and a consensus target price of $6,564.83.

About NVR

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs and constructs single-family detached homes, townhomes and condominiums for buyers in a range of residential markets.

NVR markets homes primarily under the Ryan Homes, NVHomes and Heartland Homes brands. Ryan Homes generally serves a broad range of buyers, while NVHomes focuses on higher-end communities. The company’s homebuilding operations serve selected markets across the Mid-Atlantic, Midwest and Southeast regions of the United States.

Through NVR Mortgage, the company provides mortgage loan origination services to many of its homebuyers.