Sei Investments Co. raised its stake in shares of NVR, Inc. (NYSE:NVR – Free Report) by 18.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,279 shares of the construction company’s stock after buying an additional 203 shares during the period. Sei Investments Co.’s holdings in NVR were worth $8,428,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of NVR. M&T Bank Corp boosted its stake in shares of NVR by 34,923.5% in the 4th quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock worth $413,777,000 after buying an additional 56,576 shares during the last quarter. Norges Bank purchased a new stake in NVR in the 4th quarter worth $311,496,000. Corient Private Wealth LLC raised its position in shares of NVR by 407.5% during the fourth quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock valued at $332,346,000 after buying an additional 36,592 shares during the last quarter. First Trust Advisors LP increased its holdings in NVR by 879.9% in the 1st quarter. First Trust Advisors LP now owns 24,418 shares of the construction company’s stock valued at $160,911,000 after acquiring an additional 21,926 shares during the last quarter. Finally, Newport Capital Group LLC purchased a new stake in shares of NVR in the fourth quarter worth about $106,372,000. 83.67% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Zelman & Associates upgraded NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Truist Financial cut their price objective on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Bank of America reduced their target price on 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. 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. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $7,224.20.
NVR Stock Up 0.3%
Shares of NYSE:NVR opened at $6,165.25 on Monday. NVR, Inc. has a 52-week low of $5,501.01 and a 52-week high of $8,618.28. The stock has a market cap of $16.65 billion, a P/E ratio of 15.99, a PEG ratio of 10.14 and a beta of 0.91. The business has a fifty day moving average of $6,411.55 and a two-hundred day moving average of $6,746.23. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27.
NVR (NYSE:NVR – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, beating the consensus estimate of $0.90 by $83.06. NVR had a return on equity of 31.02% and a net margin of 12.26%.The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the prior year, the company posted $108.54 EPS. The company’s quarterly revenue was down 10.5% on a year-over-year basis. On average, research analysts expect that NVR, Inc. will post 371.98 earnings per share for the current year.
NVR Company 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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