Caxton Associates LLP Takes Position in NVR, Inc. $NVR

Caxton Associates LLP bought a new position in NVR, Inc. (NYSE:NVR) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 393 shares of the construction company’s stock, valued at approximately $2,590,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DV Equities LLC purchased a new position in shares of NVR during the fourth quarter worth approximately $29,000. Strive Financial Group LLC purchased a new position in NVR in the 4th quarter worth approximately $29,000. Oakworth Capital Inc. bought a new stake in NVR in the fourth quarter valued at approximately $36,000. State of Wyoming bought a new stake in NVR in the second quarter valued at approximately $44,000. Finally, USA Financial Formulas boosted its stake in shares of NVR by 75.0% during the fourth quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock valued at $51,000 after purchasing an additional 3 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Key Stories Impacting NVR

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

Analyst Ratings Changes

A number of research analysts recently issued reports on NVR shares. UBS Group set a $7,400.00 price target on shares of NVR in a research report on Friday. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Truist Financial reduced their price objective on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a research note on Friday. Bank of America cut their target price on NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Finally, Weiss Ratings cut NVR from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $7,224.20.

NVR Stock Performance

NVR stock opened at $6,425.36 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.19 and a quick ratio of 2.67. NVR, Inc. has a 1 year low of $5,501.01 and a 1 year high of $8,618.28. The company has a market cap of $17.35 billion, a P/E ratio of 16.66, a price-to-earnings-growth ratio of 15.80 and a beta of 0.90. The stock’s fifty day moving average price is $6,370.66 and its 200-day moving average price is $6,786.91.

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