Hsbc Holdings PLC Sells 3,785 Shares of NVR, Inc. $NVR

Hsbc Holdings PLC lowered its stake in shares of NVR, Inc. (NYSE:NVR) by 30.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,760 shares of the construction company’s stock after selling 3,785 shares during the period. Hsbc Holdings PLC’s holdings in NVR were worth $63,975,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. DV Equities LLC purchased a new position in shares of NVR in the fourth quarter valued at $29,000. Strive Financial Group LLC purchased a new stake in NVR during the 4th quarter worth about $29,000. Oakworth Capital Inc. purchased a new stake in NVR during the 4th quarter worth about $36,000. State of Wyoming bought a new position in NVR in the 2nd quarter worth about $44,000. Finally, USA Financial Formulas boosted its stake in NVR by 75.0% in the 4th quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock worth $51,000 after purchasing an additional 3 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Activity

In other news, Director Michael J. Devito acquired 11 shares of NVR stock in a transaction dated Friday, April 24th. The shares were purchased at an average cost of $6,699.50 per share, for a total transaction of $73,694.50. Following the transaction, the director owned 25 shares of the company’s stock, valued at $167,487.50. This trade represents a 78.57% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 8.60% of the company’s stock.

NVR Stock Down 0.2%

Shares of NYSE:NVR opened at $6,738.57 on Monday. NVR, Inc. has a 52-week low of $5,501.01 and a 52-week high of $8,618.28. The firm has a fifty day moving average of $6,258.33 and a 200 day moving average of $6,879.94. The firm has a market capitalization of $18.19 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 5.01 and a beta of 0.90. 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 for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). NVR had a net margin of 12.93% and a return on equity of 32.66%. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the previous year, the business earned $94.83 EPS. The company’s revenue for the quarter was down 21.7% on a year-over-year basis. As a group, research analysts anticipate that NVR, Inc. will post 372.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NVR. Weiss Ratings lowered NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Seaport Research Partners reissued a “sell” rating and issued a $5,664.00 price target on shares of NVR in a report on Tuesday, April 7th. Truist Financial cut their price objective on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Bank of America reduced their price objective on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Finally, BTIG Research reaffirmed a “buy” rating and set a $8,096.00 target price on shares of NVR in a report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $7,649.33.

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.