Arrowstreet Capital Limited Partnership Has $37.87 Million Position in NVR, Inc. $NVR

Arrowstreet Capital Limited Partnership lessened its holdings in shares of NVR, Inc. (NYSE:NVR) by 55.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,128 shares of the construction company’s stock after selling 6,443 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.18% of NVR worth $37,874,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NVR. Nissay Asset Management Corp Japan ADV increased its stake in shares of NVR by 0.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 386 shares of the construction company’s stock worth $2,796,000 after purchasing an additional 2 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in NVR by 4.2% in the first quarter. Baird Financial Group Inc. now owns 50 shares of the construction company’s stock worth $362,000 after purchasing an additional 2 shares in the last quarter. Fifth Third Bancorp increased its position in NVR by 6.5% during the second quarter. Fifth Third Bancorp now owns 33 shares of the construction company’s stock worth $244,000 after buying an additional 2 shares during the last quarter. QRG Capital Management Inc. raised its holdings in NVR by 4.2% during the second quarter. QRG Capital Management Inc. now owns 50 shares of the construction company’s stock valued at $369,000 after buying an additional 2 shares in the last quarter. Finally, Evergreen Wealth Management LLC raised its holdings in NVR by 1.9% during the second 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. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Stock Performance

Shares of NYSE:NVR opened at $7,528.25 on Friday. The business’s fifty day moving average price is $7,517.24 and its two-hundred day moving average price is $7,636.43. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.96 and a quick ratio of 3.16. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,127.45. The stock has a market capitalization of $21.38 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 10.13 and a beta of 1.01.

NVR (NYSE:NVR) last announced its earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $107.88 by $4.45. The business had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.54 billion. NVR had a net margin of 14.00% and a return on equity of 35.89%. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same quarter last year, the company posted $130.50 EPS. As a group, analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

Insider Transactions at NVR

In related news, Director Michael J. Devito acquired 14 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were purchased at an average price of $7,068.05 per share, with a total value of $98,952.70. Following the acquisition, the director directly owned 14 shares in the company, valued at $98,952.70. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 7.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NVR. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research note on Wednesday, October 8th. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. UBS Group increased their price target on NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. BTIG Research initiated coverage on NVR in a research note on Monday. They issued a “buy” rating and a $9,022.00 price objective on the stock. Finally, Bank of America cut their target price on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $8,530.50.

NVR 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.