Royal Bank of Canada cut its stake in shares of NVR, Inc. (NYSE:NVR – Free Report) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,590 shares of the construction company’s stock after selling 318 shares during the quarter. Royal Bank of Canada’s holdings in NVR were worth $109,326,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. DV Equities LLC bought a new position in NVR during the 4th quarter worth $29,000. Strive Financial Group LLC bought a new stake in NVR in the fourth quarter valued at $29,000. Oakworth Capital Inc. bought a new stake in NVR in the fourth quarter valued at $36,000. State of Wyoming bought a new stake in NVR in the second quarter valued at $44,000. Finally, Clearstead Advisors LLC boosted its holdings in shares of NVR by 75.0% during the fourth quarter. Clearstead Advisors LLC now owns 7 shares of the construction company’s stock valued at $51,000 after acquiring an additional 3 shares during the period. 83.67% of the stock is currently owned by institutional investors and hedge funds.
NVR Price Performance
Shares of NYSE:NVR opened at $6,297.42 on Friday. The stock has a market cap of $17.00 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 10.53 and a beta of 0.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24. NVR, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,618.28. The stock’s 50 day moving average price is $6,409.09 and its 200 day moving average price is $6,756.22.
Analyst Ratings Changes
Several equities analysts have recently commented on NVR shares. Zacks Research lowered shares of NVR from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Bank of America reduced their target price on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Zelman & Associates upgraded shares of NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Seaport Research Partners restated a “sell” rating and issued a $5,664.00 price target on shares of NVR in a research note on Tuesday, April 7th. Finally, BTIG Research set a $7,446.00 price target on NVR in a report on Friday, July 24th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $7,224.20.
View Our Latest Research Report on NVR
NVR Profile
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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