NVR, Inc. $NVR Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its stake in NVR, Inc. (NYSE:NVR) by 0.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,268 shares of the construction company’s stock after selling 260 shares during the period. Geode Capital Management LLC’s holdings in NVR were worth $552,855,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NVR. Brighton Jones LLC boosted its holdings in shares of NVR by 68.9% in the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock valued at $622,000 after buying an additional 31 shares in the last quarter. Woodline Partners LP boosted its holdings in shares of NVR by 28.4% in the 1st quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock valued at $1,833,000 after buying an additional 56 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of NVR by 100.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 10 shares of the construction company’s stock valued at $75,000 after buying an additional 5 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of NVR by 7.9% in the 2nd quarter. Cerity Partners LLC now owns 409 shares of the construction company’s stock valued at $3,021,000 after buying an additional 30 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of NVR by 3.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 449 shares of the construction company’s stock valued at $3,316,000 after buying an additional 16 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Seaport Research Partners restated a “sell” rating and issued a $5,664.00 target price on shares of NVR in a report on Tuesday, April 7th. Truist Financial decreased their price target 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. UBS Group decreased their price target on shares of 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. Weiss Ratings cut shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Two research 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. According to MarketBeat, NVR has an average rating of “Hold” and an average price target of $7,649.33.

NVR Stock Down 0.9%

Shares of NYSE:NVR opened at $6,102.06 on Friday. The stock has a market cap of $16.48 billion, a P/E ratio of 14.88, a P/E/G ratio of 4.50 and a beta of 0.95. The firm has a fifty day moving average price of $6,362.93 and a 200 day moving average price of $7,048.61. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.19 and a quick ratio of 2.67. NVR, Inc. has a 1-year low of $5,501.01 and a 1-year high of $8,618.28.

NVR (NYSE:NVR) last issued 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). The business 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%.The firm’s revenue for the quarter was down 21.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $94.83 EPS. Sell-side analysts predict that NVR, Inc. will post 375.15 EPS for the current year.

NVR declared that its Board of Directors has approved a share buyback program on Wednesday, February 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to buy up to 3.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other NVR news, Director Michael J. Devito purchased 11 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was purchased at an average price of $6,699.50 per share, for a total transaction of $73,694.50. Following the purchase, the director directly owned 25 shares in the company, valued at approximately $167,487.50. This trade represents a 78.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 8.60% of the stock is currently owned by corporate insiders.

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.