BI Asset Management Fondsmaeglerselskab A S Grows Stock Holdings in NVR, Inc. $NVR

BI Asset Management Fondsmaeglerselskab A S boosted its stake in NVR, Inc. (NYSE:NVR) by 112.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 266 shares of the construction company’s stock after acquiring an additional 141 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in NVR were worth $1,753,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NVR. M&T Bank Corp grew its position 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 during the last quarter. Norges Bank purchased a new stake in NVR in the 4th quarter valued at approximately $311,496,000. Corient Private Wealth LLC increased its position in NVR by 407.5% during the 4th quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock worth $332,346,000 after purchasing an additional 36,592 shares during the period. Close Asset Management Ltd acquired a new position in NVR during the 3rd quarter worth approximately $148,939,000. Finally, Citadel Advisors LLC grew its holdings in NVR by 318.4% during the third quarter. Citadel Advisors LLC now owns 19,215 shares of the construction company’s stock worth $154,386,000 after acquiring an additional 14,623 shares during the period. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Stock Up 5.7%

NVR stock opened at $6,754.66 on Thursday. NVR, Inc. has a fifty-two week low of $5,501.01 and a fifty-two week high of $8,618.28. The firm has a market capitalization of $18.24 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 4.74 and a beta of 0.93. The stock’s fifty day moving average is $6,270.04 and its two-hundred day moving average is $6,915.41. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.67 and a current ratio of 5.19.

NVR (NYSE:NVR) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $79.97 by ($12.21). NVR had a return on equity of 32.66% and a net margin of 12.93%.The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the firm earned $94.83 EPS. The company’s quarterly revenue was down 21.7% compared to the same quarter last year. Analysts predict that NVR, Inc. will post 372.53 EPS for the current fiscal year.

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

A number of equities research analysts have commented on NVR shares. UBS Group reduced their target price on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Bank of America lowered their price target on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Finally, BTIG Research reiterated a “buy” rating and set a $8,096.00 price target on shares of NVR in a research report on Wednesday, April 22nd. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $7,649.33.

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.