Corient Private Wealth LLC Trims Stock Position in NVR, Inc. $NVR

Corient Private Wealth LLC reduced its stake in NVR, Inc. (NYSE:NVR) by 1.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 9,275 shares of the construction company’s stock after selling 109 shares during the period. Corient Private Wealth LLC’s holdings in NVR were worth $68,502,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of NVR. AdvisorNet Financial Inc acquired a new stake in shares of NVR during the second quarter worth $30,000. Blue Trust Inc. increased its stake in NVR by 150.0% in the 2nd quarter. Blue Trust Inc. now owns 5 shares of the construction company’s stock valued at $37,000 after buying an additional 3 shares during the period. Assetmark Inc. raised its position in NVR by 50.0% during the 2nd quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock worth $44,000 after buying an additional 2 shares during the last quarter. State of Wyoming acquired a new stake in shares of NVR in the 2nd quarter worth $44,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of NVR in the second quarter valued at about $59,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Transactions at NVR

In related news, Director Michael J. Devito bought 14 shares of the stock in a transaction on Monday, November 3rd. The shares were purchased at an average price of $7,068.05 per share, for a total transaction of $98,952.70. Following the acquisition, the director owned 14 shares in the company, valued at $98,952.70. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NVR. Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th. Bank of America cut their target price on NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research note on Friday, October 10th. UBS Group lifted their price target on NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. BTIG Research initiated coverage on NVR in a report on Monday, December 1st. They set a “buy” rating and a $9,022.00 price objective on the stock. Finally, Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $8,530.50.

NVR Stock Performance

NYSE:NVR opened at $7,624.02 on Tuesday. The company has a current ratio of 5.96, a quick ratio of 3.16 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $21.65 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 10.13 and a beta of 1.00. The firm has a 50-day moving average price of $7,444.89 and a two-hundred day moving average price of $7,660.21. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $8,724.65.

NVR (NYSE:NVR) last announced its quarterly earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $107.88 by $4.45. NVR had a net margin of 14.00% and a return on equity of 35.89%. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the prior year, the firm earned $130.50 earnings per share. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. As a group, research analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

About NVR

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.