Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of NVR, Inc. (NYSE:NVR – Free Report) by 3.0% during the second quarter, Holdings Channel reports. The fund owned 6,726 shares of the construction company’s stock after selling 208 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in NVR were worth $45,827,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. M&T Bank Corp raised its stake in shares of NVR by 34,923.5% in the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock worth $413,777,000 after acquiring an additional 56,576 shares during the last quarter. Norges Bank acquired a new position in shares of NVR during the fourth quarter worth approximately $311,496,000. Corient Private Wealth LLC grew its stake 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 purchasing an additional 36,592 shares during the last quarter. First Trust Advisors LP grew its stake in shares of NVR by 879.9% during the first quarter. First Trust Advisors LP now owns 24,418 shares of the construction company’s stock valued at $160,911,000 after purchasing an additional 21,926 shares during the last quarter. Finally, Newport Capital Group LLC bought a new stake in shares of NVR during the fourth quarter valued at approximately $106,372,000. Institutional investors and hedge funds own 83.67% of the company’s stock.
Insider Transactions at NVR
In other NVR news, Director George Oliver bought 63 shares of the stock in a transaction on Friday, August 7th. The stock was purchased at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the acquisition, the director owned 63 shares of the company’s stock, valued at approximately $405,185.13. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 8.60% of the company’s stock.
NVR Stock Up 1.3%
NVR (NYSE:NVR – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $83.06. NVR had a net margin of 12.26% and a return on equity of 31.02%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the previous year, the firm posted $108.54 earnings per share. NVR’s revenue for the quarter was down 10.5% compared to the same quarter last year. Equities analysts expect that NVR, Inc. will post 371.98 EPS for the current year.
Analyst Ratings Changes
NVR has been the subject of several research analyst reports. Truist Financial dropped their price objective on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a research report on Friday, July 24th. Bank of America decreased their price objective on NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. BTIG Research set a $7,446.00 target price on NVR in a research note on Friday, July 24th. Finally, UBS Group dropped their target price on NVR from $7,700.00 to $7,400.00 and set a “neutral” rating for the company in a research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $7,224.20.
Get Our Latest Stock Analysis on NVR
About NVR
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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