NVR, Inc. $NVR Stock Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its position in NVR, Inc. (NYSE:NVR – Free Report) by 8.8% during the 3rd quarter, Holdings Channel reports. The firm owned 6,136 shares of the construction company’s stock after selling 590 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in NVR were worth $37,763,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of NVR during the second quarter valued at approximately $2,004,324,000. Caisse de depot et placement du Quebec acquired a new stake in NVR in the 2nd quarter worth approximately $194,114,000. First Trust Advisors LP grew its holdings 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 buying an additional 21,926 shares during the last quarter. Legal & General Group Plc acquired a new stake in shares of NVR during the second quarter worth about $126,164,000. Finally, Deutsche Bank AG acquired a new stake in NVR during the 2nd quarter worth about $120,488,000. 83.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on NVR. Wall Street Zen downgraded NVR from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Zacks Research cut NVR from a “hold” rating to a “strong sell” rating in a research report on Monday, September 21st. UBS Group increased their price objective on shares of NVR from $7,400.00 to $7,425.00 and gave the company a “neutral” rating in a research report on Friday, October 23rd. Weiss Ratings downgraded NVR from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Finally, Truist Financial reduced their target price on NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a report on Friday, July 24th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $6,564.83.

Read Our Latest Report on NVR

NVR Price Performance

NYSE:NVR opened at $6,368.26 on Thursday. The stock’s 50 day moving average price is $6,108.44 and its two-hundred day moving average price is $6,536.27. The firm has a market capitalization of $16.97 billion, a price-to-earnings ratio of 17.56 and a beta of 0.93. NVR, Inc. has a 12-month low of $5,501.01 and a 12-month high of $8,200.00. 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 released its quarterly earnings data on Thursday, October 22nd. The construction company reported $89.45 earnings per share for the quarter, missing the consensus estimate of $102.77 by ($13.32). The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.57 billion. NVR had a net margin of 11.51% and a return on equity of 29.23%. The company’s revenue was down 8.2% compared to the same quarter last year. During the same period last year, the business earned $112.33 EPS. On average, analysts anticipate that NVR, Inc. will post 350.65 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director George Oliver purchased 63 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was bought at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the purchase, the director directly owned 63 shares in the company, valued at approximately $405,185.13. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.60% of the company’s stock.

NVR Company Profile

(Free Report)

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs and constructs single-family detached homes, townhomes and condominiums for buyers in a range of residential markets.

NVR markets homes primarily under the Ryan Homes, NVHomes and Heartland Homes brands. Ryan Homes generally serves a broad range of buyers, while NVHomes focuses on higher-end communities. The company’s homebuilding operations serve selected markets across the Mid-Atlantic, Midwest and Southeast regions of the United States.

Through NVR Mortgage, the company provides mortgage loan origination services to many of its homebuyers.

See Also

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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