BLI Banque de Luxembourg Investments Buys New Shares in NVR, Inc. $NVR

BLI Banque de Luxembourg Investments bought a new position in NVR, Inc. (NYSE:NVR) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 360 shares of the construction company’s stock, valued at approximately $2,655,000.

Other institutional investors have also bought and sold shares of the company. Nissay Asset Management Corp Japan ADV lifted its position in shares of NVR by 0.5% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 386 shares of the construction company’s stock valued at $2,796,000 after acquiring an additional 2 shares in the last quarter. Baird Financial Group Inc. raised its stake in NVR by 4.2% during the 1st quarter. Baird Financial Group Inc. now owns 50 shares of the construction company’s stock valued at $362,000 after purchasing an additional 2 shares during the period. Fifth Third Bancorp lifted its holdings in NVR by 6.5% in the 2nd quarter. Fifth Third Bancorp now owns 33 shares of the construction company’s stock worth $244,000 after purchasing an additional 2 shares in the last quarter. QRG Capital Management Inc. boosted its stake in NVR by 4.2% in the 2nd quarter. QRG Capital Management Inc. now owns 50 shares of the construction company’s stock worth $369,000 after purchasing an additional 2 shares during the period. Finally, Evergreen Wealth Management LLC grew its holdings in NVR by 1.9% during the 2nd quarter. Evergreen Wealth Management LLC now owns 109 shares of the construction company’s stock valued at $801,000 after buying an additional 2 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Activity

In related news, Director Michael J. Devito bought 14 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was purchased at an average price of $7,068.05 per share, for a total transaction of $98,952.70. Following the acquisition, the director owned 14 shares in the company, valued at $98,952.70. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, Bank of America cut their price objective on NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research report on Friday, October 10th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $8,366.67.

NVR Stock Performance

Shares of NYSE:NVR opened at $7,507.29 on Monday. The firm has a fifty day simple moving average of $7,558.72 and a two-hundred day simple moving average of $7,631.56. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,280.15. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $21.31 billion, a P/E ratio of 16.48, a PEG ratio of 9.94 and a beta of 0.93.

NVR (NYSE:NVR) last announced its quarterly 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. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.54 billion. NVR had a net margin of 14.00% and a return on equity of 35.81%. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $130.50 EPS. On average, analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

About NVR

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.