The Manufacturers Life Insurance Company Sells 124 Shares of NVR, Inc. $NVR

The Manufacturers Life Insurance Company reduced its stake in shares of NVR, Inc. (NYSE:NVR) by 8.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,354 shares of the construction company’s stock after selling 124 shares during the period. The Manufacturers Life Insurance Company’s holdings in NVR were worth $9,225,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its stake in NVR by 28.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 9 shares of the construction company’s stock valued at $67,000 after acquiring an additional 2 shares in the last quarter. Motley Fool Asset Management LLC boosted its holdings in shares of NVR by 4.3% during the 4th quarter. Motley Fool Asset Management LLC now owns 49 shares of the construction company’s stock valued at $357,000 after purchasing an additional 2 shares during the last quarter. Keybank National Association OH grew its position in shares of NVR by 3.1% during the first quarter. Keybank National Association OH now owns 66 shares of the construction company’s stock valued at $435,000 after purchasing an additional 2 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of NVR by 3.8% during the first quarter. International Assets Investment Management LLC now owns 55 shares of the construction company’s stock valued at $367,000 after purchasing an additional 2 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of NVR by 3.7% in the first quarter. Parallel Advisors LLC now owns 56 shares of the construction company’s stock worth $369,000 after purchasing an additional 2 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Weiss Ratings upgraded NVR from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 18th. Zacks Research upgraded NVR from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th. Zelman & Associates upgraded shares of NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Truist Financial lowered their price objective on shares of 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. Finally, BTIG Research set a $7,446.00 target price on shares of NVR in a report on Friday, July 24th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $7,224.20.

NVR Trading Up 0.2%

Shares of NVR opened at $6,170.58 on Monday. The company’s fifty day simple moving average is $6,360.47 and its 200-day simple moving average is $6,452.88. The company has a market cap of $16.41 billion, a P/E ratio of 16.00, a P/E/G ratio of 10.30 and a beta of 0.91. The company has a current ratio of 5.28, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,544.39.

NVR (NYSE:NVR) last released its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $83.06. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the previous year, the company earned $108.54 EPS. As a group, analysts expect that NVR, Inc. will post 367.13 EPS for the current year.

Insider Activity

In other NVR news, Director George Oliver bought 63 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were purchased at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the completion of the purchase, the director owned 63 shares in the company, valued at $405,185.13. This represents a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 8.60% of the stock is owned by company insiders.

NVR Profile

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs, constructs and sells single-family homes, townhomes and condominiums under the Ryan Homes, NVHomes and Heartland Homes brands.

NVR primarily serves homebuyers in the Mid-Atlantic, Midwest and Southeast regions of the United States. Its communities are developed in a range of suburban and urban markets, with homes generally marketed to first-time, move-up and luxury buyers.

Through its mortgage banking operations, NVR provides mortgage loans and related services to many of the customers who purchase its homes.