Osterweis Capital Management Inc. Takes Position in NVR, Inc. $NVR

Osterweis Capital Management 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 3,962 shares of the construction company’s stock, valued at approximately $26,995,000. Osterweis Capital Management Inc. owned about 0.15% of NVR at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NVR. BlackRock Inc. acquired a new position in NVR in the second quarter valued at $2,004,324,000. Norges Bank purchased a new position in shares of NVR during the fourth quarter worth about $311,496,000. Corient Private Wealth LLC increased its position in NVR by 407.5% in the 4th quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock valued at $332,346,000 after acquiring an additional 36,592 shares during the period. First Trust Advisors LP raised its stake in NVR by 879.9% during the 1st quarter. First Trust Advisors LP now owns 24,418 shares of the construction company’s stock valued at $160,911,000 after acquiring an additional 21,926 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in NVR during the 2nd quarter valued at approximately $126,164,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Transactions at NVR

In related news, Director George Oliver purchased 63 shares of NVR stock in a transaction dated Friday, August 7th. The stock was bought at an average cost of $6,431.51 per share, for a total transaction of $405,185.13. Following the transaction, the director owned 63 shares in the company, valued at approximately $405,185.13. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 8.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NVR shares. Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. 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 research note on Monday, July 20th. BTIG Research set a $7,446.00 target price on shares of NVR in a research note on Friday, July 24th. Truist Financial lowered their target price on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Finally, UBS Group cut their price target on shares of NVR from $7,700.00 to $7,400.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $7,224.20.

NVR Stock Performance

NYSE:NVR opened at $6,400.46 on Tuesday. The firm’s fifty day simple moving average is $6,450.29 and its 200-day simple moving average is $6,598.36. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27. The stock has a market cap of $17.03 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 10.63 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.

NVR (NYSE:NVR) last announced its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, beating the consensus estimate of $0.90 by $83.06. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. The business’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter last year, the business earned $108.54 earnings per share. Analysts expect that NVR, Inc. will post 367.13 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.