Allstate Corp Purchases New Holdings in NVR, Inc. $NVR

Allstate Corp purchased a new stake in NVR, Inc. (NYSE:NVR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 102 shares of the construction company’s stock, valued at approximately $820,000.

A number of other hedge funds also recently modified their holdings of NVR. Fifth Third Bancorp increased its position in shares of NVR by 6.5% during the second quarter. Fifth Third Bancorp now owns 33 shares of the construction company’s stock valued at $244,000 after purchasing an additional 2 shares during the period. QRG Capital Management Inc. boosted its stake in NVR by 4.2% during the second quarter. QRG Capital Management Inc. now owns 50 shares of the construction company’s stock worth $369,000 after buying an additional 2 shares in the last quarter. Evergreen Wealth Management LLC boosted its stake in NVR by 1.9% during the second quarter. Evergreen Wealth Management LLC now owns 109 shares of the construction company’s stock worth $801,000 after buying an additional 2 shares in the last quarter. Assetmark Inc. increased its holdings in NVR by 50.0% in the 2nd quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock valued at $44,000 after buying an additional 2 shares during the period. Finally, Parkside Financial Bank & Trust increased its holdings in NVR by 25.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 10 shares of the construction company’s stock valued at $74,000 after buying an additional 2 shares during the period. Institutional investors own 83.67% of the company’s stock.

Analysts Set New Price Targets

NVR has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of NVR from $8,500.00 to $8,150.00 and set a “neutral” rating for the company in a report on Tuesday, January 6th. Bank of America dropped their price target on shares of 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. BTIG Research assumed coverage on shares of NVR in a research note on Monday, December 1st. They set a “buy” rating and a $9,022.00 price target for the company. Wall Street Zen downgraded NVR from a “hold” rating to a “sell” rating in a report on Saturday, January 17th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $8,443.00.

NVR Price Performance

Shares of NVR stock opened at $7,785.43 on Thursday. The stock has a market capitalization of $22.11 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 10.40 and a beta of 1.01. The firm’s 50-day moving average price is $7,430.25 and its two-hundred day moving average price is $7,689.80. The company has a current ratio of 5.96, a quick ratio of 3.16 and a debt-to-equity ratio of 0.23. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $8,618.28.

NVR (NYSE:NVR) last posted its earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $107.88 by $4.45. The company 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%. NVR’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $130.50 earnings per share. On average, equities analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Insider Buying and Selling

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

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.