9 Shares in NVR, Inc. $NVR Purchased by Sound Income Strategies LLC

Sound Income Strategies LLC purchased a new position in NVR, Inc. (NYSE:NVR) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 9 shares of the construction company’s stock, valued at approximately $66,000.

A number of other hedge funds have also bought and sold shares of NVR. AdvisorNet Financial Inc acquired a new position in NVR in the second quarter worth about $30,000. Olde Wealth Management LLC acquired a new position in NVR in the first quarter worth about $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in NVR in the first quarter worth about $36,000. Ridgewood Investments LLC grew its stake in NVR by 150.0% in the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company’s stock worth $36,000 after purchasing an additional 3 shares in the last quarter. Finally, SouthState Corp acquired a new position in NVR in the first quarter worth about $36,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NVR has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on NVR from $7,200.00 to $7,600.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. UBS Group lifted their target price on NVR from $7,900.00 to $8,150.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Finally, Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, NVR has a consensus rating of “Hold” and an average target price of $8,783.33.

NVR Stock Performance

Shares of NVR stock opened at $8,042.50 on Thursday. The business has a 50 day moving average of $8,073.18 and a two-hundred day moving average of $7,531.92. The company has a market cap of $23.08 billion, a P/E ratio of 16.97, a PEG ratio of 11.17 and a beta of 0.94. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77.

NVR (NYSE:NVR) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, beating analysts’ consensus estimates of $104.89 by $3.65. The company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.46 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%.The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $120.69 earnings per share. As a group, analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

Insider Activity

In other news, Director Susan Williamson Ross sold 125 shares of NVR stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the sale, the director owned 386 shares of the company’s stock, valued at approximately $3,030,208.08. The trade was a 24.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Matthew B. Kelpy sold 600 shares of NVR stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the sale, the chief accounting officer directly owned 208 shares in the company, valued at approximately $1,684,800. This trade represents a 74.26% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 975 shares of company stock valued at $7,869,360. Insiders own 7.00% of the company’s stock.

NVR Profile

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.