Watchman Group Inc. Reduces Stake in NVR, Inc. $NVR

Watchman Group Inc. lessened its stake in shares of NVR, Inc. (NYSE:NVR) by 26.9% during the 2nd quarter, Holdings Channel reports. The fund owned 274 shares of the construction company’s stock after selling 101 shares during the quarter. Watchman Group Inc.’s holdings in NVR were worth $1,867,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of NVR. DV Equities LLC acquired a new position in shares of NVR during the 4th quarter valued at about $29,000. Strive Financial Group LLC acquired a new stake in NVR during the fourth quarter worth about $29,000. Oakworth Capital Inc. purchased a new position in NVR during the fourth quarter worth about $36,000. State of Wyoming purchased a new position in NVR during the second quarter worth about $44,000. Finally, Clearstead Advisors LLC boosted its holdings in NVR by 75.0% in the 4th quarter. Clearstead Advisors LLC now owns 7 shares of the construction company’s stock valued at $51,000 after purchasing an additional 3 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Trading Up 1.3%

NYSE NVR opened at $6,378.62 on Friday. The firm’s 50-day moving average is $6,449.03 and its two-hundred day moving average is $6,663.09. NVR, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,618.28. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24. The stock has a market capitalization of $16.97 billion, a P/E ratio of 16.54, a PEG ratio of 10.38 and a beta of 0.91.

NVR (NYSE:NVR) last announced its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $83.06. NVR had a net margin of 12.26% and a return on equity of 31.02%. The business had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same period last year, the business earned $108.54 earnings per share. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. On average, sell-side analysts anticipate that NVR, Inc. will post 371.98 earnings per share for the current year.

Analysts Set New Price Targets

NVR has been the subject of several analyst reports. Zacks Research cut shares of NVR from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. UBS Group reduced their price target on shares of NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Truist Financial lowered their price objective on NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a research report on Friday, July 24th. Bank of America cut their target price on NVR from $7,600.00 to $7,200.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Finally, BTIG Research set a $7,446.00 target price on NVR in a research report on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, NVR presently has a consensus rating of “Hold” and an average target price of $7,224.20.

Insider Activity at NVR

In related news, Director George Oliver acquired 63 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the transaction, the director owned 63 shares of the company’s stock, valued at approximately $405,185.13. This trade represents a ? increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 8.60% 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.