Resona Asset Management Co. Ltd. Lowers Position in NVR, Inc. $NVR

Resona Asset Management Co. Ltd. trimmed its position in shares of NVR, Inc. (NYSE:NVR) by 9.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 779 shares of the construction company’s stock after selling 79 shares during the period. Resona Asset Management Co. Ltd.’s holdings in NVR were worth $5,309,000 as of its most recent SEC filing.

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

NVR Price Performance

NVR stock opened at $6,378.62 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28. The firm has a 50 day moving average price of $6,449.03 and a 200-day moving average price of $6,663.09. NVR, Inc. has a 52-week low of $5,501.01 and a 52-week high of $8,618.28. The firm has a market capitalization of $16.97 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 10.38 and a beta of 0.91.

NVR (NYSE:NVR) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, topping the consensus estimate of $0.90 by $83.06. NVR had a return on equity of 31.02% and a net margin of 12.26%.The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the prior year, the business posted $108.54 EPS. The firm’s quarterly revenue was down 10.5% compared to the same quarter last year. Equities research analysts forecast that NVR, Inc. will post 371.98 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director George Oliver purchased 63 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were bought at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the purchase, the director directly owned 63 shares in the company, valued at approximately $405,185.13. This trade represents a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Bank of America decreased their price objective on NVR from $7,600.00 to $7,200.00 and set a “buy” rating for the company in a report on Monday, July 20th. Truist Financial dropped their target price on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Zacks Research cut shares of NVR from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, BTIG Research set a $7,446.00 price target on shares of NVR in a research note on Friday, July 24th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $7,224.20.

NVR 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.