Swiss Life Asset Management Ltd Reduces Holdings in NVR, Inc. $NVR

Swiss Life Asset Management Ltd decreased its position in shares of NVR, Inc. (NYSE:NVR) by 48.5% during the second quarter, HoldingsChannel reports. The fund owned 766 shares of the construction company’s stock after selling 722 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in NVR were worth $5,219,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of NVR by 68.9% in the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock worth $622,000 after acquiring an additional 31 shares during the last quarter. Woodline Partners LP grew its holdings in NVR by 28.4% during the 1st quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock valued at $1,833,000 after purchasing an additional 56 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in NVR by 100.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 10 shares of the construction company’s stock valued at $75,000 after purchasing an additional 5 shares during the last quarter. Cerity Partners LLC grew its holdings in NVR by 7.9% during the 2nd quarter. Cerity Partners LLC now owns 409 shares of the construction company’s stock valued at $3,021,000 after purchasing an additional 30 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in NVR by 3.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 449 shares of the construction company’s stock worth $3,316,000 after purchasing an additional 16 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Transactions at NVR

In other NVR news, Director George Oliver bought 63 shares of the company’s stock in a transaction on Friday, August 7th. The shares were bought at an average cost of $6,431.51 per share, for a total transaction of $405,185.13. Following the acquisition, the director directly owned 63 shares in the company, valued at approximately $405,185.13. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 8.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NVR has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of NVR in a research note on Tuesday, August 4th. Bank of America cut their target price on NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. BTIG Research set a $7,446.00 price objective on NVR in a report on Friday, July 24th. Finally, UBS Group dropped their price objective on NVR from $7,700.00 to $7,400.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, NVR presently has an average rating of “Hold” and an average target price of $7,224.20.

NVR Price Performance

Shares of NVR stock opened at $6,378.62 on Friday. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28. The company has a current ratio of 5.28, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $6,449.03 and a two-hundred day simple moving average of $6,663.09. The stock has a market capitalization of $16.97 billion, a price-to-earnings ratio of 16.54, a P/E/G 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 EPS for the quarter, beating the consensus estimate of $0.90 by $83.06. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.40 billion. NVR had a return on equity of 31.02% and a net margin of 12.26%.The business’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter last year, the firm posted $108.54 earnings per share. On average, analysts predict that NVR, Inc. will post 371.98 EPS for the current fiscal year.

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.