Entropy Technologies LP Reduces Stock Position in NVR, Inc. $NVR

Entropy Technologies LP lessened its stake in NVR, Inc. (NYSE:NVR) by 50.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 329 shares of the construction company’s stock after selling 341 shares during the period. Entropy Technologies LP’s holdings in NVR were worth $2,168,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Capital Research Global Investors lifted its holdings in shares of NVR by 0.4% during the 4th quarter. Capital Research Global Investors now owns 133,554 shares of the construction company’s stock valued at $973,979,000 after buying an additional 551 shares during the period. M&T Bank Corp boosted its stake in shares of NVR by 34,923.5% in the 4th 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 last quarter. Corient Private Wealth LLC grew its holdings in shares of NVR by 407.5% in the fourth quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock worth $332,346,000 after acquiring an additional 36,592 shares during the period. Norges Bank bought a new stake in shares of NVR in the fourth quarter worth $311,496,000. Finally, Capital World Investors increased its position in NVR by 0.3% during the fourth quarter. Capital World Investors now owns 40,703 shares of the construction company’s stock valued at $296,838,000 after acquiring an additional 127 shares during the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Stock Performance

Shares of NVR opened at $6,425.36 on Monday. The business has a 50-day simple moving average of $6,370.66 and a two-hundred day simple moving average of $6,783.16. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27. NVR, Inc. has a 52 week low of $5,501.01 and a 52 week high of $8,618.28. The stock has a market cap of $17.35 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 16.46 and a beta of 0.90.

NVR (NYSE:NVR) last posted its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $83.06. NVR had a return on equity of 31.02% and a net margin of 12.26%.The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the firm earned $108.54 EPS. The business’s quarterly revenue was down 10.5% on a year-over-year basis. On average, analysts expect that NVR, Inc. will post 371.11 EPS for the current year.

Wall Street Analyst Weigh In

NVR has been the topic of a number of recent research reports. Bank of America lowered their target price on NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a report on Monday, July 20th. UBS Group set a $7,400.00 price target on NVR in a research note on Friday. Zacks Research lowered shares of NVR from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. Truist Financial reduced their price target on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a research report on Friday. Finally, Seaport Research Partners reiterated a “sell” rating and issued a $5,664.00 price objective on shares of NVR in a research note on Tuesday, April 7th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $7,224.20.

More NVR News

Here are the key news stories impacting NVR this week:

• Negative Sentiment: NVR’s second-quarter results missed expectations on revenue and earnings, with EPS falling to $83.96 from $108.54 a year ago and revenue dropping about 10% as fewer settlements and lower pricing weighed on results. NVR, INC. ANNOUNCES SECOND QUARTER RESULTS
• Negative Sentiment: Homebuilding margin pressure was a key concern, with higher lot costs, pricing pressure, and contract land deposit impairments cutting profitability despite improved orders and backlog growth. NVR Q2 Earnings Miss Estimates on Margin Pressure, Stock Down
• Negative Sentiment: Truist Financial lowered its price target on NVR to $6,400 from $6,600 and kept a hold rating, signaling more cautious expectations for the shares. Benzinga
• Negative Sentiment: Zacks Research downgraded NVR to “strong sell” and trimmed several future earnings estimates, reinforcing concerns that near-term earnings momentum may stay weak. Zacks.com

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.