Harel Insurance Investments & Financial Services Ltd. Purchases 3 Shares of NVR, Inc. (NYSE:NVR)

Harel Insurance Investments & Financial Services Ltd. increased its position in shares of NVR, Inc. (NYSE:NVRGet Rating) by 21.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17 shares of the construction company’s stock after acquiring an additional 3 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in NVR were worth $76,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of NVR. Castleview Partners LLC bought a new position in shares of NVR during the 4th quarter worth approximately $88,000. Capital Research Global Investors grew its position in NVR by 65.7% during the 4th quarter. Capital Research Global Investors now owns 188,073 shares of the construction company’s stock worth $1,111,299,000 after purchasing an additional 74,601 shares during the last quarter. Norges Bank purchased a new stake in NVR during the 4th quarter worth approximately $182,300,000. Close Asset Management Ltd grew its position in NVR by 604,866.7% during the 4th quarter. Close Asset Management Ltd now owns 18,149 shares of the construction company’s stock worth $107,195,000 after purchasing an additional 18,146 shares during the last quarter. Finally, Wedge Capital Management L L P NC purchased a new stake in NVR during the 1st quarter worth approximately $36,431,000. Institutional investors own 97.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Wells Fargo & Company dropped their target price on shares of NVR from $4,650.00 to $4,145.00 and set an “equal weight” rating on the stock in a research report on Friday, June 17th. StockNews.com raised shares of NVR from a “hold” rating to a “buy” rating in a research report on Friday, April 29th. JPMorgan Chase & Co. dropped their target price on shares of NVR from $4,900.00 to $4,330.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 12th. Finally, UBS Group dropped their target price on shares of NVR from $5,400.00 to $4,100.00 and set a “neutral” rating on the stock in a research report on Thursday, June 16th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $4,418.75.

NVR Stock Down 0.0 %

NVR stock opened at $4,552.61 on Monday. The firm’s fifty day simple moving average is $4,215.14 and its 200-day simple moving average is $4,614.46. The company has a market capitalization of $14.98 billion, a P/E ratio of 12.16 and a beta of 0.99. The company has a debt-to-equity ratio of 0.56, a current ratio of 4.97 and a quick ratio of 2.68. NVR, Inc. has a 12 month low of $3,576.01 and a 12 month high of $5,982.44.

NVR (NYSE:NVRGet Rating) last released its quarterly earnings data on Tuesday, April 26th. The construction company reported $116.56 EPS for the quarter, beating the consensus estimate of $100.47 by $16.09. The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.32 billion. NVR had a net margin of 15.63% and a return on equity of 47.99%. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm earned $63.21 EPS. As a group, equities research analysts forecast that NVR, Inc. will post 536.61 earnings per share for the current year.

NVR announced that its Board of Directors has initiated a share buyback program on Wednesday, May 4th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase up to 3.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

NVR Company Profile

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NVR, Inc operates as a homebuilder in the United States. The company operates in two segments, Homebuilding and Mortgage Banking. 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.

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