Russell Investments Group Ltd. Boosts Stake in NVR, Inc. $NVR

Russell Investments Group Ltd. lifted its position in NVR, Inc. (NYSE:NVR) by 7.7% in the second quarter, Holdings Channel reports. The firm owned 5,985 shares of the construction company’s stock after acquiring an additional 428 shares during the period. Russell Investments Group Ltd.’s holdings in NVR were worth $44,206,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in NVR. AdvisorNet Financial Inc purchased a new stake in NVR in the second quarter valued at approximately $30,000. SouthState Corp acquired a new position in shares of NVR in the 1st quarter valued at $36,000. Blue Trust Inc. raised its position in NVR by 150.0% in the 2nd quarter. Blue Trust Inc. now owns 5 shares of the construction company’s stock valued at $37,000 after purchasing an additional 3 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in NVR during the 1st quarter worth $43,000. Finally, Assetmark Inc. grew its position in NVR by 50.0% during the 2nd quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock worth $44,000 after purchasing an additional 2 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Price Performance

Shares of NVR opened at $7,507.29 on Friday. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average is $7,558.72 and its two-hundred day moving average is $7,626.80. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,280.15. The firm has a market capitalization of $21.31 billion, a PE ratio of 16.48, a P/E/G 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, topping the consensus estimate of $107.88 by $4.45. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.54 billion. NVR had a net margin of 14.00% and a return on equity of 35.81%. The business’s revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $130.50 EPS. Research analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NVR. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Bank of America lowered their target price on NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. Finally, UBS Group upped their price target on NVR from $8,150.00 to $8,500.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, NVR currently has a consensus rating of “Hold” and an average target price of $8,366.67.

Insider Buying and Selling

In other NVR news, Director Michael J. Devito bought 14 shares of NVR stock in a transaction that occurred on Monday, November 3rd. The shares were purchased at an average cost of $7,068.05 per share, for a total transaction of $98,952.70. Following the completion of the transaction, the director owned 14 shares of the company’s stock, valued at $98,952.70. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 7.00% of the company’s stock.

NVR Company 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.