Swiss National Bank Grows Stock Holdings in NVR, Inc. $NVR

Swiss National Bank grew its holdings in shares of NVR, Inc. (NYSE:NVR) by 5.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,910 shares of the construction company’s stock after purchasing an additional 430 shares during the quarter. Swiss National Bank owned approximately 0.28% of NVR worth $52,126,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Capital Research Global Investors increased its stake in NVR by 0.4% in the fourth quarter. Capital Research Global Investors now owns 133,554 shares of the construction company’s stock valued at $973,979,000 after purchasing an additional 551 shares during the last quarter. M&T Bank Corp boosted its stake in NVR by 34,923.5% in the 4th quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock worth $413,777,000 after buying an additional 56,576 shares during the last quarter. Corient Private Wealth LLC grew its holdings 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 during the period. Norges Bank purchased a new stake in NVR in the 4th quarter valued at about $311,496,000. Finally, Capital World Investors increased its stake in shares of NVR by 0.3% during the 4th quarter. Capital World Investors now owns 40,703 shares of the construction company’s stock valued at $296,838,000 after acquiring an additional 127 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analyst Ratings Changes

NVR has been the subject of a number of recent analyst reports. Zelman & Associates upgraded shares of NVR from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. Seaport Research Partners reaffirmed a “sell” rating and set a $5,664.00 price target on shares of NVR in a research note on Tuesday, April 7th. UBS Group decreased their price target on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Truist Financial lowered their price objective 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. Finally, Bank of America cut their target price on NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research report on Monday. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $7,478.50.

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 cost of $6,699.50 per share, with a total value of $73,694.50. Following the transaction, the director 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 legal filing with the SEC, which can be accessed through this link. Company insiders own 8.60% of the company’s stock.

NVR Trading Up 0.6%

NYSE NVR opened at $6,363.37 on Thursday. The firm has a market capitalization of $17.18 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 16.23 and a beta of 0.90. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.67 and a current ratio of 5.19. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,618.28. The company’s 50 day moving average price is $6,343.46 and its 200 day moving average price is $6,797.21.

NVR (NYSE:NVR) last released its quarterly earnings data 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 business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the prior year, the firm earned $94.83 earnings per share. NVR’s quarterly revenue was down 21.7% compared to the same quarter last year. On average, sell-side analysts predict that NVR, Inc. will post 371.11 EPS for the current 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.