NVR, Inc. $NVR Stock: Berkeley Inc Cuts Holdings

Berkeley Inc trimmed its holdings in shares of NVR, Inc. (NYSE:NVR) by 41.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 823 shares of the construction company’s stock after selling 579 shares during the quarter. NVR accounts for about 1.6% of Berkeley Inc’s portfolio, making the stock its 24th largest position. Berkeley Inc’s holdings in NVR were worth $5,065,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NVR. BlackRock Inc. acquired a new position in shares of NVR during the second quarter worth $2,004,324,000. Caisse de depot et placement du Quebec bought a new stake in shares of NVR in the second quarter worth $194,114,000. First Trust Advisors LP grew its stake in shares of NVR by 879.9% in the first quarter. First Trust Advisors LP now owns 24,418 shares of the construction company’s stock worth $160,911,000 after purchasing an additional 21,926 shares during the last quarter. Legal & General Group Plc acquired a new stake in NVR in the second quarter valued at $126,164,000. Finally, Deutsche Bank AG acquired a new stake in NVR in the second quarter valued at $120,488,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NVR news, Director George Oliver purchased 63 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was purchased at an average cost of $6,431.51 per share, for a total transaction of $405,185.13. Following the acquisition, the director owned 63 shares in the company, valued at approximately $405,185.13. The trade was a ? increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.60% of the company’s stock.

NVR Price Performance

Shares of NYSE NVR opened at $5,972.27 on Wednesday. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,200.00. The firm has a fifty day simple moving average of $6,184.65 and a 200 day simple moving average of $6,314.64. The company has a market capitalization of $15.92 billion, a PE ratio of 15.49 and a beta of 0.90. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27.

NVR (NYSE:NVR) last released its earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $83.06. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. NVR’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $108.54 earnings per share. On average, sell-side analysts forecast that NVR, Inc. will post 361.98 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NVR. Truist Financial lowered their target price on NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a research report on Friday, July 24th. Weiss Ratings upgraded NVR from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Wall Street Zen lowered NVR from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Finally, UBS Group decreased their price target on NVR from $7,700.00 to $7,400.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $6,809.67.

About NVR

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs and constructs single-family detached homes, townhomes and condominiums for buyers in a range of residential markets.

NVR markets homes primarily under the Ryan Homes, NVHomes and Heartland Homes brands. Ryan Homes generally serves a broad range of buyers, while NVHomes focuses on higher-end communities. The company’s homebuilding operations serve selected markets across the Mid-Atlantic, Midwest and Southeast regions of the United States.

Through NVR Mortgage, the company provides mortgage loan origination services to many of its homebuyers.