Marks Group Wealth Management Inc Decreases Stock Position in NVR, Inc. $NVR

Marks Group Wealth Management Inc trimmed its stake in shares of NVR, Inc. (NYSE:NVR) by 16.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 510 shares of the construction company’s stock after selling 100 shares during the quarter. Marks Group Wealth Management Inc’s holdings in NVR were worth $3,719,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oakworth Capital Inc. acquired a new position in NVR during the 4th quarter worth $36,000. State of Wyoming acquired a new position in NVR during the 2nd quarter worth $44,000. Zions Bancorporation National Association UT grew its stake in NVR by 600.0% during 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 in the last quarter. USA Financial Formulas grew its stake in NVR by 75.0% during 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 in the last quarter. Finally, Clearstead Advisors LLC grew its stake in NVR by 75.0% during 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 in the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Michael J. Devito purchased 11 shares of NVR stock in a transaction that occurred on Friday, April 24th. The stock was purchased at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the completion of the transaction, the director directly owned 25 shares in the company, valued at approximately $167,487.50. The trade was a 78.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NVR has been the subject of several analyst reports. BTIG Research reissued a “buy” rating and set a $8,096.00 target price on shares of NVR in a research note on Wednesday, April 22nd. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. UBS Group lowered their target price on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Bank of America lowered 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 note on Monday, April 20th. Finally, Truist Financial lowered their target price on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $7,649.33.

NVR Price Performance

Shares of NVR opened at $6,201.64 on Tuesday. NVR, Inc. has a 1-year low of $5,501.01 and a 1-year high of $8,618.28. The stock has a market cap of $16.74 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 4.55 and a beta of 0.93. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.19 and a quick ratio of 2.67. The firm has a fifty day moving average price of $6,325.59 and a 200 day moving average price of $7,001.64.

NVR (NYSE:NVR) last announced 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 company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period last year, the firm earned $94.83 earnings per share. NVR’s revenue was down 21.7% on a year-over-year basis. As a group, sell-side analysts anticipate that NVR, Inc. will post 375.15 EPS 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 repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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.