541 Shares in NVR, Inc. $NVR Bought by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC purchased a new stake in shares of NVR, Inc. (NYSE:NVR) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 541 shares of the construction company’s stock, valued at approximately $3,565,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVR. M&T Bank Corp increased its holdings in shares of NVR by 34,923.5% in the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock worth $413,777,000 after buying an additional 56,576 shares during the period. Norges Bank purchased a new stake in NVR during the 4th quarter valued at about $311,496,000. Corient Private Wealth LLC boosted its holdings in NVR by 407.5% during the 4th quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock valued at $332,346,000 after acquiring an additional 36,592 shares during the period. Citadel Advisors LLC grew its position 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 acquiring an additional 14,623 shares during the last quarter. Finally, Newport Capital Group LLC bought a new position in NVR during the 4th quarter worth approximately $106,372,000. 83.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Bank of America lowered their price objective on 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. Truist Financial cut their target price on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Weiss Ratings downgraded shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. BTIG Research reiterated a “buy” rating and set a $8,096.00 price target on shares of NVR in a report on Wednesday, April 22nd. Finally, Seaport Research Partners reiterated a “sell” rating and set a $5,664.00 price target on shares of NVR in a report on Tuesday, April 7th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, NVR presently has a consensus rating of “Hold” and a consensus target price of $7,649.33.

NVR Trading Down 0.2%

NYSE:NVR opened at $6,738.57 on Friday. The company has a 50-day moving average price of $6,258.33 and a 200-day moving average price of $6,885.14. The stock has a market cap of $18.19 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 5.01 and a beta of 0.90. The company has a current ratio of 5.19, a quick ratio of 2.67 and a debt-to-equity ratio of 0.26. NVR, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,618.28.

NVR (NYSE:NVR) last announced 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 net margin of 12.93% and a return on equity of 32.66%. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the prior year, the firm earned $94.83 EPS. NVR’s quarterly revenue was down 21.7% compared to the same quarter last year. Equities analysts predict that NVR, Inc. will post 372.53 EPS for the current year.

Insider Transactions at NVR

In other news, Director Michael J. Devito acquired 11 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was acquired at an average price of $6,699.50 per share, for a total transaction of $73,694.50. Following the completion of the acquisition, the director owned 25 shares in the company, valued at $167,487.50. This trade represents a 78.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.60% of the company’s stock.

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.