First Trust Advisors LP Purchases 21,926 Shares of NVR, Inc. $NVR

First Trust Advisors LP grew its holdings in NVR, Inc. (NYSE:NVR – Free Report) by 879.9% during the first quarter, HoldingsChannel.com reports. The firm owned 24,418 shares of the construction company’s stock after acquiring an additional 21,926 shares during the quarter. First Trust Advisors LP’s holdings in NVR were worth $160,911,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NVR. AustralianSuper Pty Ltd bought a new position in NVR in the fourth quarter worth approximately $4,835,000. Norges Bank bought a new stake in NVR during the 4th quarter valued at $311,496,000. SG Americas Securities LLC lifted its holdings in shares of NVR by 669.5% in the 4th quarter. SG Americas Securities LLC now owns 4,232 shares of the construction company’s stock worth $30,863,000 after buying an additional 3,682 shares during the period. Tudor Investment Corp ET AL lifted its holdings in shares of NVR by 1,245.3% in the 3rd quarter. Tudor Investment Corp ET AL now owns 1,009 shares of the construction company’s stock worth $8,107,000 after buying an additional 934 shares during the period. Finally, Luma Capital S.A. SPF bought a new position in shares of NVR during the 4th quarter worth $9,874,000. Institutional investors own 83.67% of the company’s stock.

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Insider Activity

In other news, Director Michael J. Devito bought 11 shares of NVR stock in a transaction that occurred on Friday, April 24th. The stock was bought at an average price of $6,699.50 per share, for a total transaction of $73,694.50. Following the purchase, the director directly owned 25 shares of the company’s stock, valued at approximately $167,487.50. The trade was a 78.57% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NVR. Truist Financial lowered 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. Seaport Research Partners reaffirmed a “sell” rating and issued a $5,664.00 price target on shares of NVR in a research report on Tuesday, April 7th. Bank of America dropped their price objective on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research note on Monday. Weiss Ratings lowered shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Finally, Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, NVR has an average rating of “Hold” and a consensus target price of $7,478.50.

Check Out Our Latest Analysis on NVR

NVR Stock Performance

Shares of NVR stock opened at $6,363.37 on Thursday. NVR, Inc. has a 12-month low of $5,501.01 and a 12-month high of $8,618.28. The business’s fifty day simple moving average is $6,343.46 and its 200-day simple moving average is $6,797.21. 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 company has a market cap of $17.18 billion, a PE ratio of 15.51, a PEG ratio of 16.23 and a beta of 0.90.

NVR (NYSE:NVR – Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $2.09 billion. NVR had a return on equity of 32.66% and a net margin of 12.93%.NVR’s revenue was down 21.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $94.83 EPS. Analysts expect that NVR, Inc. will post 371.11 earnings per share 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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