Envestnet Asset Management Inc. Buys 203 Shares of NVR, Inc. $NVR

Envestnet Asset Management Inc. grew its stake in shares of NVR, Inc. (NYSE:NVR) by 2.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,730 shares of the construction company’s stock after buying an additional 203 shares during the period. Envestnet Asset Management Inc. owned 0.34% of NVR worth $78,178,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in shares of NVR by 4.0% during the third quarter. Principal Financial Group Inc. now owns 60,307 shares of the construction company’s stock valued at $484,546,000 after buying an additional 2,331 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of NVR by 262.2% in the 3rd quarter. Nordea Investment Management AB now owns 938 shares of the construction company’s stock worth $7,522,000 after buying an additional 679 shares in the last quarter. iA Global Asset Management Inc. purchased a new position in NVR in the third quarter worth about $691,000. Rakuten Investment Management Inc. purchased a new position in shares of NVR in the 3rd quarter worth approximately $51,896,000. Finally, Amundi lifted its position in NVR by 6.9% in the second quarter. Amundi now owns 12,092 shares of the construction company’s stock worth $93,937,000 after buying an additional 781 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NVR has been the subject of a number of recent analyst reports. Zelman & Associates raised shares of NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price target for the company in a research note on Thursday, January 29th. BTIG Research started coverage on NVR in a research note on Monday, December 1st. They set a “buy” rating and a $9,022.00 target price on the stock. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. UBS Group reaffirmed a “neutral” rating and issued a $8,350.00 price objective on shares of NVR in a research report on Thursday, January 29th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $8,329.40.

Insider Buying and Selling

In other NVR news, Director Susan Williamson Ross sold 200 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $8,091.62, for a total transaction of $1,618,324.00. Following the transaction, the director owned 386 shares in the company, valued at approximately $3,123,365.32. This represents a 34.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.80% of the stock is owned by company insiders.

NVR Stock Performance

Shares of NYSE:NVR opened at $7,996.37 on Monday. The firm has a 50 day moving average of $7,534.57 and a 200 day moving average of $7,705.79. The company has a quick ratio of 3.71, a current ratio of 6.21 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $22.71 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 2.58 and a beta of 1.03. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $8,618.28.

NVR (NYSE:NVR) last posted its earnings results on Wednesday, January 28th. The construction company reported $121.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $105.42 by $16.12. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.41 billion. NVR had a return on equity of 34.28% and a net margin of 13.27%.The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $139.93 earnings per share. On average, sell-side analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR Company 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.