Laffer Tengler Investments Inc. Invests $443,000 in NVR, Inc. $NVR

Laffer Tengler Investments Inc. purchased a new stake in NVR, Inc. (NYSE:NVR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 60 shares of the construction company’s stock, valued at approximately $443,000.

Other large investors have also recently bought and sold shares of the company. AdvisorNet Financial Inc acquired a new position in NVR in the second quarter valued at $30,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of NVR during the first quarter worth about $36,000. Ridgewood Investments LLC increased its position in NVR by 150.0% in the 1st quarter. Ridgewood Investments LLC now owns 5 shares of the construction company’s stock valued at $36,000 after acquiring an additional 3 shares during the period. SouthState Corp purchased a new stake in NVR during the 1st quarter valued at approximately $36,000. Finally, Blue Trust Inc. raised its stake in NVR by 150.0% during the 2nd quarter. Blue Trust Inc. now owns 5 shares of the construction company’s stock valued at $37,000 after acquiring an additional 3 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on NVR. JPMorgan Chase & Co. lifted their target price on NVR from $7,200.00 to $7,600.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th. Wall Street Zen lowered shares of NVR from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. UBS Group raised their price objective on NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Finally, 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 report on Friday, October 10th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $8,366.67.

Insider Buying and Selling at NVR

In related news, Director Michael J. Devito acquired 14 shares of NVR stock in a transaction on Monday, November 3rd. The shares were bought at an average price of $7,068.05 per share, for a total transaction of $98,952.70. Following the completion of the purchase, the director directly owned 14 shares in the company, valued at $98,952.70. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alexandra A. Jung sold 200 shares of the company’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the completion of the sale, the director directly owned 75 shares of the company’s stock, valued at $606,183. The trade was a 72.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 850 shares of company stock valued at $6,888,075 over the last three months. 7.00% of the stock is owned by company insiders.

NVR Trading Up 0.7%

Shares of NVR stock opened at $7,242.58 on Monday. 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, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,376.75. The firm’s 50 day moving average price is $7,852.22 and its two-hundred day moving average price is $7,613.89. The stock has a market cap of $20.56 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 9.94 and a beta of 0.93.

NVR (NYSE:NVR) last issued its earnings results on Wednesday, October 22nd. The construction company reported $112.33 EPS for the quarter, beating 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 business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter last year, the firm posted $130.50 EPS. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. On average, analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

NVR Profile

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.