NVR, Inc. $NVR Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in NVR, Inc. (NYSE:NVR) by 3.6% during the first quarter, HoldingsChannel reports. The firm owned 13,223 shares of the construction company’s stock after selling 493 shares during the period. Bank of New York Mellon Corp’s holdings in NVR were worth $87,138,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in NVR. Brighton Jones LLC grew its holdings in NVR by 68.9% in the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock valued at $622,000 after buying an additional 31 shares in the last quarter. Woodline Partners LP boosted its stake in shares of NVR by 28.4% in the first quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock valued at $1,833,000 after purchasing an additional 56 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in NVR by 100.0% in the second quarter. EverSource Wealth Advisors LLC now owns 10 shares of the construction company’s stock valued at $75,000 after purchasing an additional 5 shares during the period. Cerity Partners LLC lifted its position in shares of NVR by 7.9% during the 2nd quarter. Cerity Partners LLC now owns 409 shares of the construction company’s stock worth $3,021,000 after purchasing an additional 30 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in NVR by 3.7% during the second quarter. Daiwa Securities Group Inc. now owns 449 shares of the construction company’s stock worth $3,316,000 after purchasing an additional 16 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Stock Performance

Shares of NVR stock opened at $6,339.04 on Wednesday. NVR, Inc. has a 1 year low of $5,501.01 and a 1 year high of $8,618.28. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.67 and a current ratio of 5.19. The stock has a fifty day moving average price of $6,330.51 and a 200 day moving average price of $6,803.80. The stock has a market cap of $17.12 billion, a PE ratio of 15.45, a P/E/G ratio of 4.80 and a beta of 0.90.

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 business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter last year, the business posted $94.83 earnings per share. The business’s revenue was down 21.7% compared to the same quarter last year. Sell-side analysts forecast that NVR, Inc. will post 371.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NVR shares. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings cut NVR from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Truist Financial decreased their price target on NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Bank of America lowered their price objective on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Seaport Research Partners reissued a “sell” rating and issued a $5,664.00 price objective on shares of NVR in a research note on Tuesday, April 7th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $7,478.50.

Insider Buying and Selling

In other news, Director Michael J. Devito bought 11 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was purchased at an average price of $6,699.50 per share, with a total value of $73,694.50. Following the purchase, the director owned 25 shares of the company’s stock, valued at $167,487.50. This trade represents a 78.57% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate 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.