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

Marks Group Wealth Management Inc trimmed its holdings in NVR, Inc. (NYSE:NVR) by 46.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 173 shares of the construction company’s stock after selling 151 shares during the quarter. Marks Group Wealth Management Inc’s holdings in NVR were worth $1,179,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in NVR. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in NVR by 0.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 425 shares of the construction company’s stock worth $3,099,000 after purchasing an additional 2 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of NVR by 3.9% during the 4th quarter. International Assets Investment Management LLC now owns 53 shares of the construction company’s stock worth $387,000 after buying an additional 2 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of NVR by 4.9% in the 4th quarter. Ballentine Partners LLC now owns 43 shares of the construction company’s stock valued at $314,000 after buying an additional 2 shares in the last quarter. AG2R LA Mondiale Gestion D Actifs boosted its holdings in shares of NVR by 1.6% in the 4th quarter. AG2R LA Mondiale Gestion D Actifs now owns 127 shares of the construction company’s stock valued at $926,000 after buying an additional 2 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of NVR by 28.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 9 shares of the construction company’s stock valued at $67,000 after buying an additional 2 shares in the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director George Oliver acquired 63 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was bought at an average cost of $6,431.51 per share, with a total value of $405,185.13. Following the transaction, the director owned 63 shares of the company’s stock, valued at $405,185.13. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 8.60% of the stock is currently owned by corporate insiders.

NVR Price Performance

Shares of NYSE:NVR opened at $6,378.62 on Friday. The company has a 50-day simple moving average of $6,449.03 and a 200-day simple moving average of $6,663.09. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,618.28. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28. The stock has a market capitalization of $16.97 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 10.38 and a beta of 0.91.

NVR (NYSE:NVR) last released its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $83.06. NVR had a return on equity of 31.02% and a net margin of 12.26%.The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the company posted $108.54 earnings per share. The business’s revenue was down 10.5% on a year-over-year basis. On average, analysts predict that NVR, Inc. will post 371.98 EPS for the current year.

Wall Street Analysts Forecast Growth

NVR has been the topic of several research analyst reports. Zacks Research lowered shares of NVR from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. BTIG Research set a $7,446.00 price target on shares of NVR in a research report on Friday, July 24th. Zelman & Associates upgraded shares of NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of NVR in a report on Tuesday, August 4th. Finally, Truist Financial cut their target price on NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a research report on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $7,224.20.

About NVR

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.