Bank of Nova Scotia Sells 2,950 Shares of NVR, Inc. $NVR

Bank of Nova Scotia lowered its stake in shares of NVR, Inc. (NYSE:NVR) by 77.8% in the first quarter, Holdings Channel reports. The institutional investor owned 841 shares of the construction company’s stock after selling 2,950 shares during the period. Bank of Nova Scotia’s holdings in NVR were worth $5,542,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sei Investments Co. grew its holdings in NVR by 18.9% in the first quarter. Sei Investments Co. now owns 1,279 shares of the construction company’s stock worth $8,428,000 after purchasing an additional 203 shares during the last quarter. Cetera Investment Advisers grew its stake in NVR by 89.6% during the 1st quarter. Cetera Investment Advisers now owns 527 shares of the construction company’s stock worth $3,473,000 after buying an additional 249 shares during the last quarter. Quantum Capital Management LLC NJ increased its position in NVR by 11.4% during the 1st quarter. Quantum Capital Management LLC NJ now owns 9,646 shares of the construction company’s stock valued at $63,566,000 after buying an additional 986 shares in the last quarter. First Trust Advisors LP increased its position in NVR by 879.9% during the 1st quarter. First Trust Advisors LP now owns 24,418 shares of the construction company’s stock valued at $160,911,000 after buying an additional 21,926 shares in the last quarter. Finally, Oslo Pensjonsforsikring AS purchased a new stake in NVR in the first quarter valued at about $92,000. Institutional investors own 83.67% of the company’s stock.

Analysts Set New Price Targets

NVR has been the topic of a number of research analyst reports. UBS Group dropped their price target on NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a research note on Friday. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Bank of America dropped their target price 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, July 20th. Weiss Ratings lowered shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Finally, Truist Financial decreased 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 report on Friday. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $7,224.20.

NVR Stock Down 1.5%

Shares of NVR stock opened at $6,318.46 on Tuesday. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28. The stock has a market cap of $17.06 billion, a P/E ratio of 16.39, a P/E/G ratio of 16.46 and a beta of 0.90. The stock has a 50 day moving average of $6,382.71 and a 200 day moving average of $6,776.78. The company has a current ratio of 5.28, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27.

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

NVR Company 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.