Y Intercept Hong Kong Ltd Buys 121 Shares of NVR, Inc. $NVR

Y Intercept Hong Kong Ltd lifted its stake in shares of NVR, Inc. (NYSE:NVR) by 44.0% during the first quarter, Holdings Channel reports. The fund owned 396 shares of the construction company’s stock after buying an additional 121 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in NVR were worth $2,610,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NVR. M&T Bank Corp increased its stake in NVR by 34,923.5% in the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock valued at $413,777,000 after purchasing an additional 56,576 shares in the last quarter. Norges Bank acquired a new stake in shares of NVR in the 4th quarter valued at about $311,496,000. Corient Private Wealth LLC increased its position in NVR by 407.5% in the 4th quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock valued at $332,346,000 after buying an additional 36,592 shares in the last quarter. Citadel Advisors LLC raised its stake in NVR by 318.4% during the 3rd quarter. Citadel Advisors LLC now owns 19,215 shares of the construction company’s stock worth $154,386,000 after buying an additional 14,623 shares during the period. Finally, Newport Capital Group LLC acquired a new position in NVR during the 4th quarter worth approximately $106,372,000. 83.67% of the stock is owned by institutional investors.

NVR Stock Performance

Shares of NVR stock opened at $6,701.26 on Wednesday. The company has a market cap of $18.09 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 4.96 and a beta of 0.90. The company has a quick ratio of 2.67, a current ratio of 5.19 and a debt-to-equity ratio of 0.26. NVR, Inc. has a 52 week low of $5,501.01 and a 52 week high of $8,618.28. The business has a 50 day moving average price of $6,262.25 and a 200-day moving average price of $6,868.53.

NVR (NYSE:NVR) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $79.97 by ($12.21). NVR had a return on equity of 32.66% and a net margin of 12.93%.The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the company posted $94.83 EPS. The company’s quarterly revenue was down 21.7% compared to the same quarter last year. Equities analysts anticipate that NVR, Inc. will post 372.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on NVR shares. Truist Financial reduced their price objective on 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 cut their target price on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Seaport Research Partners restated a “sell” rating and set a $5,664.00 price target on shares of NVR in a research note on Tuesday, April 7th. Bank of America lowered their price objective on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Finally, Weiss Ratings lowered shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $7,649.33.

Insider Activity

In other news, Director Michael J. Devito bought 11 shares of the stock in a transaction dated Friday, April 24th. The stock was bought at an average price of $6,699.50 per share, for a total transaction of $73,694.50. Following the completion of the acquisition, the director directly owned 25 shares in the company, 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 SEC, which can be accessed through this hyperlink. 8.60% of the stock is currently owned by 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.