BNP Paribas Financial Markets Reduces Position in NVR, Inc. $NVR

BNP Paribas Financial Markets trimmed its holdings in shares of NVR, Inc. (NYSE:NVR) by 22.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,682 shares of the construction company’s stock after selling 1,881 shares during the quarter. BNP Paribas Financial Markets’ holdings in NVR were worth $48,730,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of NVR. Oakworth Capital Inc. purchased a new stake in shares of NVR during the fourth quarter worth about $36,000. State of Wyoming purchased a new stake in shares of NVR during the second quarter worth about $44,000. USA Financial Formulas increased its position in shares of NVR by 75.0% during the fourth quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock worth $51,000 after acquiring an additional 3 shares during the last quarter. Clearstead Advisors LLC increased its position in shares of NVR by 75.0% in the 4th quarter. Clearstead Advisors LLC now owns 7 shares of the construction company’s stock worth $51,000 after purchasing an additional 3 shares during the last quarter. Finally, Zions Bancorporation National Association UT increased its position in shares of NVR by 600.0% in the 3rd quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock worth $56,000 after purchasing an additional 6 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NVR

In other news, Director Michael J. Devito purchased 11 shares of the stock in a transaction dated 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 transaction, the director owned 25 shares of the company’s stock, valued at approximately $167,487.50. The trade was a 78.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.60% of the company’s stock.

NVR Trading Up 1.0%

NVR stock opened at $6,184.10 on Wednesday. The firm’s 50-day moving average is $6,357.29 and its 200-day moving average is $7,038.37. The company has a market cap of $16.70 billion, a P/E ratio of 15.08, a PEG ratio of 4.51 and a beta of 0.93. 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, Inc. has a 1 year low of $5,501.01 and a 1 year high of $8,618.28.

NVR (NYSE:NVR) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 EPS for the quarter, missing the consensus estimate of $79.97 by ($12.21). The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.09 billion. NVR had a return on equity of 32.66% and a net margin of 12.93%.The firm’s revenue was down 21.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $94.83 EPS. On average, equities analysts expect that NVR, Inc. will post 375.15 earnings per share for the current year.

NVR announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 3.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several research firms have recently weighed in on NVR. Weiss Ratings downgraded shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Bank of America dropped their target price on shares of 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. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Truist Financial decreased 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 report on Thursday, April 23rd. Finally, Seaport Research Partners reaffirmed a “sell” rating and issued a $5,664.00 price objective on shares of NVR in a report on Tuesday, April 7th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7,649.33.

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.