Hsbc Holdings PLC Has $63.98 Million Stock Holdings in NVR, Inc. $NVR

Hsbc Holdings PLC decreased its holdings in NVR, Inc. (NYSE:NVR – Free Report) by 30.2% during the 4th quarter, HoldingsChannel reports. The firm owned 8,760 shares of the construction company’s stock after selling 3,785 shares during the quarter. Hsbc Holdings PLC’s holdings in NVR were worth $63,975,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. DV Equities LLC bought a new stake in shares of NVR during the 4th quarter worth $29,000. Strive Financial Group LLC acquired a new stake in NVR in the fourth quarter valued at about $29,000. Oakworth Capital Inc. bought a new position in NVR in the fourth quarter valued at about $36,000. State of Wyoming bought a new position in NVR in the second quarter valued at about $44,000. Finally, USA Financial Formulas raised its stake in NVR by 75.0% during the fourth quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock worth $51,000 after acquiring an additional 3 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

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NVR Stock Performance

Shares of NVR stock opened at $6,357.50 on Tuesday. The business’s 50-day moving average price is $6,277.55 and its 200-day moving average price is $6,929.63. NVR, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,618.28. The firm has a market capitalization of $17.16 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 4.78 and a beta of 0.93. The company has a current ratio of 5.19, a quick ratio of 2.67 and a debt-to-equity ratio of 0.26.

NVR (NYSE:NVR – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing the consensus estimate of $79.97 by ($12.21). NVR had a return on equity of 32.66% and a net margin of 12.93%.The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the firm posted $94.83 earnings per share. The business’s revenue for the quarter was down 21.7% on a year-over-year basis. Equities research analysts forecast that NVR, Inc. will post 375.15 EPS for the current year.

Insider Buying and Selling

In other NVR news, Director Michael J. Devito bought 11 shares of NVR stock in a transaction on Friday, April 24th. The shares were purchased at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the acquisition, the director directly owned 25 shares of the company’s stock, valued at $167,487.50. The trade was a 78.57% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on NVR. Truist Financial dropped their target price on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. BTIG Research reiterated a “buy” rating and set a $8,096.00 price objective on shares of NVR in a research report on Wednesday, April 22nd. Bank of America dropped 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 research note on Monday, April 20th. UBS Group cut their target price on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Finally, Weiss Ratings cut shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s 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.

Read Our Latest Stock Analysis on NVR

NVR Company 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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