Distillate Capital Partners LLC Has $14.23 Million Position in NVR, Inc. $NVR

Distillate Capital Partners LLC decreased its holdings in NVR, Inc. (NYSE:NVR) by 3.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,926 shares of the construction company’s stock after selling 61 shares during the quarter. Distillate Capital Partners LLC owned 0.07% of NVR worth $14,225,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. AdvisorNet Financial Inc acquired a new position in NVR in the second quarter worth about $30,000. SouthState Corp bought a new stake in shares of NVR in the 1st quarter valued at approximately $36,000. Blue Trust Inc. lifted its position in shares of NVR by 150.0% during the 2nd quarter. Blue Trust Inc. now owns 5 shares of the construction company’s stock worth $37,000 after buying an additional 3 shares during the period. Zions Bancorporation National Association UT bought a new position in shares of NVR during the 1st quarter worth approximately $43,000. Finally, Assetmark Inc. boosted its stake in NVR by 50.0% in the 2nd quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock valued at $44,000 after buying an additional 2 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

NVR Stock Up 0.3%

Shares of NYSE:NVR opened at $7,527.36 on Tuesday. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24. The firm has a market cap 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. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $9,256.14. The company’s 50-day moving average price is $7,550.27 and its two-hundred day moving average price is $7,633.63.

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

Insiders Place Their Bets

In related news, Director Michael J. Devito acquired 14 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average price of $7,068.05 per share, for a total transaction of $98,952.70. Following the transaction, the director directly owned 14 shares of the company’s stock, valued at approximately $98,952.70. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.00% of the stock is owned by company insiders.

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.