International Assets Investment Management LLC Purchases 9,945 Shares of NVR, Inc. $NVR

International Assets Investment Management LLC lifted its position in shares of NVR, Inc. (NYSE:NVR) by 18,081.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 10,000 shares of the construction company’s stock after buying an additional 9,945 shares during the quarter. International Assets Investment Management LLC’s holdings in NVR were worth $61,544,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Activest Wealth Management acquired a new position in shares of NVR in the third quarter valued at approximately $25,000. Clearstead Trust LLC acquired a new stake in NVR during the second quarter worth approximately $27,000. Trust Co. of Vermont acquired a new stake in NVR during the second quarter worth approximately $34,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in NVR in the 2nd quarter worth approximately $34,000. Finally, Global Retirement Partners LLC purchased a new stake in NVR in the 2nd quarter worth approximately $41,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analysts Set New Price Targets

NVR has been the subject of several analyst reports. Truist Financial cut their price target on NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a report on Friday, July 24th. BTIG Research restated a “buy” rating on shares of NVR in a report on Friday, October 23rd. Morgan Stanley began coverage on NVR in a research report on Thursday, October 1st. They issued an “underweight” rating and a $5,058.00 price objective for the company. Wall Street Zen lowered NVR from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Finally, Zacks Research downgraded NVR from a “hold” rating to a “strong sell” rating in a research report on Monday, September 21st. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $6,597.17.

Insiders Place Their Bets

In related news, Director George Oliver bought 63 shares of the stock in a transaction dated Friday, August 7th. The stock was acquired at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the completion of the purchase, the director owned 63 shares in the company, valued at $405,185.13. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.60% of the company’s stock.

NVR Price Performance

NVR stock opened at $5,968.48 on Friday. NVR, Inc. has a 1 year low of $5,501.01 and a 1 year high of $8,200.00. The firm has a 50 day moving average price of $6,118.87 and a 200 day moving average price of $6,557.27. The company has a market cap of $15.88 billion, a price-to-earnings ratio of 16.46 and a beta of 0.90. 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 (NYSE:NVR) last issued its quarterly earnings results on Thursday, October 22nd. The construction company reported $89.45 EPS for the quarter, missing the consensus estimate of $102.77 by ($13.32). The company had revenue of $2.42 billion for the quarter, compared to analyst estimates 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 last year, the company posted $112.33 EPS. Sell-side analysts predict that NVR, Inc. will post 350.65 earnings per share for the current year.

NVR Company Profile

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.