Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in NVR, Inc. (NYSE:NVR – Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,349 shares of the construction company’s stock, valued at approximately $15,480,000.
A number of other institutional investors have also bought and sold shares of the business. M&T Bank Corp grew its position 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 valued at $413,777,000 after purchasing an additional 56,576 shares in the last quarter. Norges Bank acquired a new stake in shares of NVR in the fourth quarter valued at approximately $311,496,000. Corient Private Wealth LLC lifted its position in NVR by 407.5% during the fourth quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock worth $332,346,000 after buying an additional 36,592 shares in the last quarter. Newport Capital Group LLC purchased a new position in NVR during the fourth quarter worth approximately $106,372,000. Finally, Deutsche Bank AG boosted its stake in NVR by 65.4% during the fourth quarter. Deutsche Bank AG now owns 24,289 shares of the construction company’s stock worth $177,134,000 after buying an additional 9,604 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several analysts have issued reports on the company. Weiss Ratings cut NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Bank of America reduced their price target on NVR from $8,600.00 to $8,225.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group dropped their price objective on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Finally, Truist Financial cut 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 report on Thursday, April 23rd. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, NVR has a consensus rating of “Hold” and an average target price of $7,649.33.
NVR Stock Performance
Shares of NVR stock opened at $6,684.72 on Friday. NVR, Inc. has a 52 week low of $5,501.01 and a 52 week high of $8,618.28. The business’s fifty day simple moving average is $6,298.40 and its 200-day simple moving average is $6,822.78. The firm has a market cap of $18.05 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 4.82 and a beta of 0.90. The company has a quick ratio of 2.67, a current ratio of 5.19 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 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%.The business’s revenue for the quarter was down 21.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $94.83 earnings per share. Equities analysts forecast that NVR, Inc. will post 372.53 earnings per share for the current year.
Insider Buying and Selling at NVR
In related news, Director Michael J. Devito purchased 11 shares of NVR stock in a transaction dated Friday, April 24th. The shares were acquired at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the purchase, the director owned 25 shares of the company’s stock, valued at approximately $167,487.50. The trade was a 78.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 8.60% of the stock is currently owned by corporate insiders.
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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