NVR, Inc. $NVR Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC raised its holdings in NVR, Inc. (NYSE:NVR) by 1.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 9,116 shares of the construction company’s stock after acquiring an additional 136 shares during the period. Corient Private Wealth LLC’s holdings in NVR were worth $66,481,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. M&T Bank Corp lifted its stake in NVR by 34,923.5% in the 4th quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock valued at $413,777,000 after buying an additional 56,576 shares in the last quarter. Norges Bank acquired a new stake in NVR in the 4th quarter worth about $311,496,000. Close Asset Management Ltd purchased a new stake in NVR during the 3rd quarter worth approximately $148,939,000. Citadel Advisors LLC increased its stake in NVR by 318.4% during the 3rd quarter. Citadel Advisors LLC now owns 19,215 shares of the construction company’s stock worth $154,386,000 after buying an additional 14,623 shares in the last quarter. Finally, Newport Capital Group LLC acquired a new position in shares of NVR during the fourth quarter valued at approximately $106,372,000. 83.67% of the stock is owned by institutional investors and hedge funds.

NVR Trading Down 0.2%

Shares of NVR stock opened at $6,480.86 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.19 and a quick ratio of 2.67. The stock’s 50 day simple moving average is $6,286.61 and its 200-day simple moving average is $6,942.60. The stock has a market cap of $17.50 billion, a P/E ratio of 15.80, a P/E/G ratio of 4.78 and a beta of 0.93. NVR, Inc. has a 1-year low of $5,501.01 and a 1-year high of $8,618.28.

NVR (NYSE:NVR) last posted its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 EPS for the quarter, missing the consensus estimate of $79.97 by ($12.21). NVR had a net margin of 12.93% and a return on equity of 32.66%. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the business posted $94.83 EPS. NVR’s revenue for the quarter was down 21.7% compared to the same quarter last year. Analysts predict that NVR, Inc. will post 375.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NVR. UBS Group decreased their target price on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Seaport Research Partners reiterated a “sell” rating and set a $5,664.00 price target on shares of NVR in a research report on Tuesday, April 7th. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. BTIG Research restated a “buy” rating and issued a $8,096.00 price objective on shares of NVR in a report on Wednesday, April 22nd. 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. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, NVR has an average rating of “Hold” and a consensus target price of $7,649.33.

Insider Activity

In related news, Director Michael J. Devito bought 11 shares of the business’s stock in a transaction on Friday, April 24th. The stock was acquired at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the purchase, the director directly owned 25 shares of the company’s stock, valued at $167,487.50. The trade was a 78.57% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 8.60% of the stock is owned by company insiders.

NVR 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.