NVR, Inc. $NVR is Amiral Gestion’s 4th Largest Position

Amiral Gestion lifted its holdings in shares of NVR, Inc. (NYSE:NVR) by 7.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,582 shares of the construction company’s stock after buying an additional 185 shares during the period. NVR makes up approximately 9.5% of Amiral Gestion’s holdings, making the stock its 4th largest position. Amiral Gestion’s holdings in NVR were worth $17,015,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NVR. DV Equities LLC acquired a new position in NVR in the 4th quarter valued at about $29,000. Strive Financial Group LLC acquired a new stake in NVR during the 4th quarter worth approximately $29,000. Oakworth Capital Inc. purchased a new position in shares of NVR in the 4th quarter valued at approximately $36,000. State of Wyoming purchased a new position in shares of NVR in the 2nd quarter valued at approximately $44,000. Finally, USA Financial Formulas increased its holdings in shares of NVR by 75.0% in the fourth quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock valued at $51,000 after purchasing an additional 3 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insiders Place Their Bets

In other NVR news, Director Michael J. Devito bought 11 shares of the company’s stock in a transaction on Friday, April 24th. The stock was purchased at an average cost of $6,699.50 per share, for a total transaction of $73,694.50. Following the acquisition, the director owned 25 shares of the company’s stock, valued at $167,487.50. The trade was a 78.57% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 8.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NVR. Truist Financial cut their price target on NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Bank of America cut their price objective on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. BTIG Research reaffirmed a “buy” rating and issued a $8,096.00 target price on shares of NVR in a report on Wednesday, April 22nd. Finally, UBS Group cut their price target 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. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $7,649.33.

NVR Price Performance

Shares of NYSE:NVR opened at $6,401.39 on Wednesday. The firm has a market capitalization of $17.28 billion, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 4.68 and a beta of 0.93. 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 business’s 50 day simple moving average is $6,270.58 and its 200-day simple moving average is $6,920.63. NVR, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,618.28.

NVR (NYSE:NVR) last posted its earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share 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 firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the company posted $94.83 EPS. The firm’s revenue for the quarter was down 21.7% on a year-over-year basis. As a group, equities analysts forecast that NVR, Inc. will post 375.15 earnings per share for the current fiscal year.

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.