Choreo LLC Has $657,000 Stock Holdings in NVR, Inc. $NVR

Choreo LLC boosted its position in NVR, Inc. (NYSE:NVR) by 48.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 89 shares of the construction company’s stock after purchasing an additional 29 shares during the period. Choreo LLC’s holdings in NVR were worth $657,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its position in shares of NVR by 7.7% in the second quarter. Russell Investments Group Ltd. now owns 5,985 shares of the construction company’s stock valued at $44,206,000 after buying an additional 428 shares during the last quarter. Boston Partners raised its stake in NVR by 9.9% in the 2nd quarter. Boston Partners now owns 64,952 shares of the construction company’s stock valued at $479,900,000 after acquiring an additional 5,875 shares during the period. XTX Topco Ltd acquired a new stake in NVR during the 2nd quarter valued at $2,747,000. Global Retirement Partners LLC acquired a new stake in NVR during the 2nd quarter valued at $318,000. Finally, Prudential Financial Inc. boosted its position in NVR by 8.0% during the second quarter. Prudential Financial Inc. now owns 1,706 shares of the construction company’s stock worth $12,600,000 after purchasing an additional 127 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Buying and Selling

In other news, Director Michael J. Devito bought 14 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was bought at an average cost of $7,068.05 per share, for a total transaction of $98,952.70. Following the transaction, the director owned 14 shares of the company’s stock, valued at $98,952.70. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NVR has been the subject of a number of research reports. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. BTIG Research initiated coverage on shares of NVR in a report on Monday. They issued a “buy” rating and a $9,022.00 price target on the stock. Bank of America reduced their price objective on NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a report on Friday, October 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research note on Wednesday, October 8th. Finally, UBS Group lifted their price target on NVR from $8,150.00 to $8,500.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $8,530.50.

NVR Stock Performance

NYSE NVR opened at $7,527.36 on Tuesday. The firm has a 50-day moving average price of $7,550.27 and a two-hundred day moving average price of $7,633.63. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,256.14. The company has a market capitalization of $21.37 billion, a P/E ratio of 16.52, a P/E/G ratio of 9.94 and a beta of 0.93. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR) last released its quarterly earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share for the quarter, beating analysts’ consensus estimates of $107.88 by $4.45. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.54 billion. NVR had a net margin of 14.00% and a return on equity of 35.81%. The firm’s quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $130.50 earnings per share. Analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.

About NVR

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.