SG Americas Securities LLC Has $18.30 Million Stock Position in NVR, Inc. $NVR

SG Americas Securities LLC lessened its position in shares of NVR, Inc. (NYSE:NVR) by 34.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,777 shares of the construction company’s stock after selling 1,455 shares during the quarter. SG Americas Securities LLC’s holdings in NVR were worth $18,300,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S boosted its stake in NVR by 112.8% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 266 shares of the construction company’s stock worth $1,753,000 after buying an additional 141 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of NVR by 35.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 185 shares of the construction company’s stock valued at $1,349,000 after acquiring an additional 48 shares in the last quarter. Meadowbrook Advisors Group LLC bought a new stake in NVR in the fourth quarter valued at about $868,000. Corient Private Wealth LLC raised its position in NVR by 1.5% in the fourth quarter. Corient Private Wealth LLC now owns 9,116 shares of the construction company’s stock worth $66,481,000 after purchasing an additional 136 shares in the last quarter. Finally, Pure Financial Advisors LLC raised its position in NVR by 1.0% in the fourth quarter. Pure Financial Advisors LLC now owns 311 shares of the construction company’s stock worth $2,268,000 after purchasing an additional 3 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Truist Financial dropped their target price 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. Seaport Research Partners reiterated a “sell” rating and set a $5,664.00 target price on shares of NVR in a research report on Tuesday, April 7th. BTIG Research restated a “buy” rating and issued a $8,096.00 price target on shares of NVR in a research report on Wednesday, April 22nd. UBS Group decreased their price objective on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Finally, Bank of America dropped 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 report on Monday, April 20th. Two equities research 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $7,649.33.

Insiders Place Their Bets

In related news, Director Michael J. Devito bought 11 shares of the company’s stock in a transaction on Friday, April 24th. The stock was bought at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the completion of the purchase, the director owned 25 shares in the company, valued at approximately $167,487.50. The trade was a 78.57% increase in their position. The acquisition 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 Price Performance

NVR stock opened at $6,819.08 on Friday. The business’s fifty day moving average is $6,269.68 and its two-hundred day moving average is $6,910.41. 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 firm has a market cap of $18.41 billion, a P/E ratio of 16.63, a P/E/G ratio of 5.02 and a beta of 0.93. NVR, Inc. has a 52 week low of $5,501.01 and a 52 week high of $8,618.28.

NVR (NYSE:NVR) last announced its 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 business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the business posted $94.83 earnings per share. The business’s quarterly revenue was down 21.7% compared to the same quarter last year. Equities research analysts forecast that NVR, Inc. will post 372.53 earnings per share for the current fiscal year.

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.