NVR, Inc. $NVR Stake Cut by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. lessened its holdings in NVR, Inc. (NYSE:NVR) by 4.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,029 shares of the construction company’s stock after selling 92 shares during the quarter. Beacon Investment Advisory Services Inc. owned approximately 0.08% of NVR worth $13,824,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NVR. AustralianSuper Pty Ltd acquired a new position in NVR in the fourth quarter valued at approximately $4,835,000. Norges Bank acquired a new stake in shares of NVR during the 4th quarter worth approximately $311,496,000. Luma Capital S.A. SPF bought a new stake in shares of NVR in the 4th quarter worth approximately $9,874,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in shares of NVR in the 4th quarter worth approximately $3,989,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in NVR by 13,371.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,544 shares of the construction company’s stock valued at $55,017,000 after purchasing an additional 7,488 shares during the period. Institutional investors own 83.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NVR. BTIG Research set a $7,446.00 target price on NVR in a research report on Friday, July 24th. Zacks Research downgraded shares of NVR from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Weiss Ratings restated a “sell (d+)” rating on shares of NVR in a research report on Tuesday. Bank of America dropped their price objective on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Finally, Truist Financial dropped their price target on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a research note on Friday, July 24th. 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $7,224.20.

NVR Trading Up 1.5%

Shares of NVR stock opened at $6,399.95 on Friday. The stock has a 50-day simple moving average of $6,433.96 and a 200 day simple moving average of $6,706.97. The stock has a market capitalization of $17.02 billion, a P/E ratio of 16.60, a P/E/G ratio of 10.40 and a beta of 0.91. NVR, Inc. has a fifty-two week low of $5,501.01 and a fifty-two week high of $8,618.28. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27.

NVR (NYSE:NVR) last issued its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, topping the consensus estimate of $0.90 by $83.06. NVR had a net margin of 12.26% and a return on equity of 31.02%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the business earned $108.54 earnings per share. NVR’s revenue for the quarter was down 10.5% compared to the same quarter last year. On average, sell-side analysts expect that NVR, Inc. will post 371.98 earnings per share for the current fiscal year.

About NVR

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.