Meadowbrook Advisors Group LLC Buys New Shares in NVR, Inc. $NVR

Meadowbrook Advisors Group LLC purchased a new stake in NVR, Inc. (NYSE:NVR – Free Report) in the fourth quarter, HoldingsChannel reports. The fund purchased 119 shares of the construction company’s stock, valued at approximately $868,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Murphy Middleton Hinkle & Parker Inc. bought a new stake in shares of NVR in the 4th quarter worth approximately $11,610,000. Alberta Investment Management Corp acquired a new stake in shares of NVR during the 3rd quarter worth approximately $4,017,000. American Century Companies Inc. grew its holdings in shares of NVR by 17.0% during the 3rd quarter. American Century Companies Inc. now owns 6,370 shares of the construction company’s stock worth $51,181,000 after purchasing an additional 925 shares in the last quarter. Marshfield Associates increased its position in shares of NVR by 4.7% during the third quarter. Marshfield Associates now owns 25,042 shares of the construction company’s stock valued at $201,204,000 after purchasing an additional 1,130 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of NVR by 669.5% during the fourth quarter. SG Americas Securities LLC now owns 4,232 shares of the construction company’s stock valued at $30,863,000 after purchasing an additional 3,682 shares during the period. 83.67% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at NVR

In related news, Director Michael J. Devito acquired 11 shares of the business’s stock in a transaction on Friday, April 24th. The stock was bought at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the completion of the acquisition, the director owned 25 shares in the company, valued at $167,487.50. The trade was a 78.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Seaport Research Partners reaffirmed a “sell” rating and issued a $5,664.00 target price on shares of NVR in a research report on Tuesday, April 7th. UBS Group lowered their price target on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Truist Financial dropped their price objective on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Bank of America reduced their price objective on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a report on Monday, April 20th. Finally, Weiss Ratings lowered shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7,649.33.

Check Out Our Latest Stock Analysis on NVR

NVR Trading Down 0.2%

Shares of NVR opened at $6,480.86 on Friday. The company has a current ratio of 5.19, a quick ratio of 2.67 and a debt-to-equity ratio of 0.26. The stock has a market cap of $17.49 billion, a PE ratio of 15.80, a PEG ratio of 4.78 and a beta of 0.93. NVR, Inc. has a 1 year low of $5,501.01 and a 1 year high of $8,618.28. The stock has a 50 day simple moving average of $6,286.61 and a 200-day simple moving average of $6,942.60.

NVR (NYSE:NVR – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 EPS for the quarter, missing the consensus estimate of $79.97 by ($12.21). NVR had a net margin of 12.93% and a return on equity of 32.66%. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the firm earned $94.83 EPS. NVR’s quarterly revenue was down 21.7% compared to the same quarter last year. On average, sell-side analysts predict that NVR, Inc. will post 375.15 EPS for the current fiscal year.

NVR Profile

(Free Report)

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.

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