NVR, Inc. $NVR Shares Purchased by Swiss National Bank

Swiss National Bank boosted its stake in NVR, Inc. (NYSE:NVR) by 5.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,910 shares of the construction company’s stock after acquiring an additional 430 shares during the quarter. Swiss National Bank’s holdings in NVR were worth $52,126,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. M&T Bank Corp lifted its position in shares of NVR by 34,923.5% during the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock worth $413,777,000 after purchasing an additional 56,576 shares in the last quarter. Norges Bank acquired a new stake in NVR during the 4th quarter valued at $311,496,000. Corient Private Wealth LLC grew its holdings in NVR by 407.5% during the 4th quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock valued at $332,346,000 after purchasing an additional 36,592 shares in the last quarter. Newport Capital Group LLC purchased a new stake in NVR during the 4th quarter worth $106,372,000. Finally, Deutsche Bank AG increased its stake in NVR by 65.4% during the 4th quarter. Deutsche Bank AG now owns 24,289 shares of the construction company’s stock worth $177,134,000 after buying an additional 9,604 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Activity

In related news, Director Michael J. Devito purchased 11 shares of NVR stock in a transaction dated Friday, April 24th. The shares were acquired at an average price of $6,699.50 per share, with a total value 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. This trade represents a 78.57% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Seaport Research Partners reissued a “sell” rating and issued a $5,664.00 price objective on shares of NVR in a research report on Tuesday, April 7th. Weiss Ratings lowered NVR from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Truist Financial cut their price target on NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. UBS Group reduced their price target on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Finally, BTIG Research restated a “buy” rating and set a $8,096.00 price objective on shares of NVR in a research note on Wednesday, April 22nd. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $7,478.50.

NVR Trading Up 0.6%

NVR opened at $6,363.37 on Thursday. NVR, Inc. has a 12-month low of $5,501.01 and a 12-month high of $8,618.28. 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 stock has a market capitalization of $17.18 billion, a PE ratio of 15.51, a P/E/G ratio of 16.23 and a beta of 0.90. The firm’s fifty day moving average price is $6,343.46 and its 200 day moving average price is $6,797.21.

NVR (NYSE:NVR) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing the consensus estimate of $79.97 by ($12.21). The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.09 billion. NVR had a return on equity of 32.66% and a net margin of 12.93%.NVR’s revenue was down 21.7% on a year-over-year basis. During the same period in the prior year, the business earned $94.83 earnings per share. As a group, research analysts expect that NVR, Inc. will post 371.11 EPS 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.