Man Group plc Invests $7.78 Million in NVR, Inc. $NVR

Man Group plc bought a new stake in NVR, Inc. (NYSE:NVR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,142 shares of the construction company’s stock, valued at approximately $7,781,000.

A number of other institutional investors and hedge funds also recently modified their holdings of NVR. Brighton Jones LLC boosted its position in NVR by 68.9% in the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock worth $622,000 after purchasing an additional 31 shares during the last quarter. Woodline Partners LP grew its stake in NVR by 28.4% in the 1st quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock valued at $1,833,000 after purchasing an additional 56 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of NVR by 100.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 10 shares of the construction company’s stock valued at $75,000 after purchasing an additional 5 shares during the last quarter. Cerity Partners LLC increased its position in shares of NVR by 7.9% during the 2nd quarter. Cerity Partners LLC now owns 409 shares of the construction company’s stock valued at $3,021,000 after purchasing an additional 30 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of NVR by 3.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 449 shares of the construction company’s stock valued at $3,316,000 after purchasing an additional 16 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Stock Performance

NYSE:NVR opened at $6,413.48 on Friday. The company has a market capitalization of $17.06 billion, a P/E ratio of 16.63, a P/E/G ratio of 10.64 and a beta of 0.91. The business has a fifty day simple moving average of $6,448.16 and a two-hundred day simple moving average of $6,562.74. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24. NVR, Inc. has a 1 year low of $5,501.01 and a 1 year high of $8,618.28.

NVR (NYSE:NVR) last issued its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the firm earned $108.54 EPS. The business’s revenue for the quarter was down 10.5% compared to the same quarter last year. On average, analysts expect that NVR, Inc. will post 367.13 earnings per share for the current year.

Insider Buying and Selling at NVR

In other NVR news, Director George Oliver purchased 63 shares of the stock in a transaction dated Friday, August 7th. The shares were bought at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the completion of the transaction, the director directly owned 63 shares in the company, valued at approximately $405,185.13. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 8.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NVR. Weiss Ratings raised shares of NVR from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 18th. Truist Financial decreased their price objective 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. BTIG Research set a $7,446.00 price objective on shares of NVR in a report on Friday, July 24th. Zacks Research raised shares of NVR from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th. Finally, Bank of America dropped their target price on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $7,224.20.

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.