Edgestream Partners L.P. Sells 644 Shares of NVR, Inc. $NVR

Edgestream Partners L.P. lessened its stake in shares of NVR, Inc. (NYSE:NVR) by 33.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,257 shares of the construction company’s stock after selling 644 shares during the period. Edgestream Partners L.P.’s holdings in NVR were worth $8,283,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of NVR. Brighton Jones LLC raised its position in NVR by 68.9% during the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock valued at $622,000 after purchasing an additional 31 shares in the last quarter. Woodline Partners LP grew its position in shares of NVR by 28.4% during the 1st quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock worth $1,833,000 after buying an additional 56 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of NVR by 100.0% during the second quarter. EverSource Wealth Advisors LLC now owns 10 shares of the construction company’s stock valued at $75,000 after buying an additional 5 shares during the period. Cerity Partners LLC increased its stake in shares of NVR by 7.9% during the second quarter. Cerity Partners LLC now owns 409 shares of the construction company’s stock valued at $3,021,000 after buying an additional 30 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in shares of NVR by 3.7% in the second quarter. Daiwa Securities Group Inc. now owns 449 shares of the construction company’s stock valued at $3,316,000 after acquiring an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. UBS Group cut their target price on shares of NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Truist Financial reduced their price target on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a report on Friday, July 24th. Zacks Research lowered shares of NVR from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Finally, Weiss Ratings cut shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7,224.20.

NVR Trading Down 1.4%

Shares of NYSE:NVR opened at $6,381.55 on Thursday. NVR, Inc. has a 12-month low of $5,501.01 and a 12-month high of $8,618.28. The business’s fifty day simple moving average is $6,404.07 and its 200-day simple moving average is $6,765.14. The company has a market capitalization of $17.23 billion, a PE ratio of 16.55, a P/E/G ratio of 10.67 and a beta of 0.90. The company has a current ratio of 5.28, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27.

NVR (NYSE:NVR) last issued its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $2.40 billion. During the same period in the prior year, the business posted $108.54 EPS. The firm’s quarterly revenue was down 10.5% on a year-over-year basis. As a group, equities research analysts predict that NVR, Inc. will post 371.98 earnings per share for the current fiscal year.

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.