909 Shares in NVR, Inc. $NVR Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of NVR, Inc. (NYSE:NVR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 909 shares of the construction company’s stock, valued at approximately $5,594,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Clearstead Trust LLC purchased a new position in shares of NVR in the second quarter worth $27,000. Activest Wealth Management bought a new stake in NVR during the 3rd quarter valued at $25,000. Trust Co. of Vermont bought a new stake in NVR during the 2nd quarter valued at $34,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in NVR during the 2nd quarter valued at $34,000. Finally, Global Retirement Partners LLC bought a new stake in NVR during the 2nd quarter valued at $41,000. Institutional investors own 83.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NVR shares. Truist Financial dropped their price target 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. Bank of America cut shares of NVR from a “buy” rating to an “underperform” rating and set a $5,900.00 price objective on the stock. in a research report on Friday, October 23rd. Wall Street Zen cut shares of NVR from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Zacks Research downgraded shares of NVR from a “hold” rating to a “strong sell” rating in a research note on Monday, September 21st. Finally, Morgan Stanley dropped their target price on shares of NVR from $5,058.00 to $4,864.00 and set an “underweight” rating for the company in a report on Tuesday. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $6,564.83.

NVR Price Performance

Shares of NVR stock opened at $6,424.97 on Friday. The firm has a market cap of $17.09 billion, a P/E ratio of 17.71 and a beta of 0.93. NVR, Inc. has a fifty-two week low of $5,501.01 and a fifty-two week high of $8,200.00. The business’s 50 day moving average price is $6,109.63 and its 200-day moving average price is $6,530.66. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28.

NVR (NYSE:NVR) last posted its earnings results on Thursday, October 22nd. The construction company reported $89.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $102.77 by ($13.32). The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.57 billion. NVR had a net margin of 11.51% and a return on equity of 29.23%. NVR’s quarterly revenue was down 8.2% on a year-over-year basis. During the same period last year, the firm posted $112.33 earnings per share. On average, equities research analysts anticipate that NVR, Inc. will post 345.15 earnings per share for the current year.

About NVR

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs and constructs single-family detached homes, townhomes and condominiums for buyers in a range of residential markets.

NVR markets homes primarily under the Ryan Homes, NVHomes and Heartland Homes brands. Ryan Homes generally serves a broad range of buyers, while NVHomes focuses on higher-end communities. The company’s homebuilding operations serve selected markets across the Mid-Atlantic, Midwest and Southeast regions of the United States.

Through NVR Mortgage, the company provides mortgage loan origination services to many of its homebuyers.