Mangrove Partners IM LLC Buys Shares of 139 NVR, Inc. $NVR

Mangrove Partners IM LLC bought a new stake in NVR, Inc. (NYSE:NVR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 139 shares of the construction company’s stock, valued at approximately $1,014,000.

Other large investors have also recently bought and sold shares of the company. Oakworth Capital Inc. bought a new stake in NVR in the fourth quarter valued at approximately $36,000. State of Wyoming bought a new stake in NVR in the second quarter valued at approximately $44,000. Zions Bancorporation National Association UT increased its stake in NVR by 600.0% in the third quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock valued at $56,000 after purchasing an additional 6 shares in the last quarter. USA Financial Formulas increased its stake in NVR by 75.0% in the fourth quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock valued at $51,000 after purchasing an additional 3 shares in the last quarter. Finally, Clearstead Advisors LLC increased its stake in NVR by 75.0% in the fourth quarter. Clearstead Advisors LLC now owns 7 shares of the construction company’s stock valued at $51,000 after purchasing an additional 3 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

Insider Buying and Selling

In other NVR news, Director Michael J. Devito bought 11 shares of NVR stock in a transaction that occurred on Friday, April 24th. The stock was acquired 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 owned 25 shares of the company’s stock, valued at $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 the SEC website. Insiders own 8.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NVR. Truist Financial lowered their target price 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. Bank of America reduced their price target on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a report on Monday, April 20th. Weiss Ratings cut shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. BTIG Research reiterated a “buy” rating and issued a $8,096.00 price target on shares of NVR in a report on Wednesday, April 22nd. Finally, Seaport Research Partners reiterated a “sell” rating and issued a $5,664.00 price target on shares of NVR in a report on Tuesday, April 7th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $7,649.33.

NVR Stock Up 1.7%

NVR stock opened at $6,445.58 on Wednesday. The stock has a market capitalization of $17.40 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 4.66 and a beta of 0.93. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28. The company has a quick ratio of 2.67, a current ratio of 5.19 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average of $6,301.47 and a 200-day moving average of $6,962.19.

NVR (NYSE:NVR) last announced its earnings results on Wednesday, April 22nd. The construction company reported $67.76 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 analyst estimates of $2.09 billion. During the same quarter in the previous year, the company posted $94.83 EPS. The business’s revenue for the quarter was down 21.7% compared to the same quarter last year. On average, equities research analysts anticipate that NVR, Inc. will post 375.15 EPS for the current fiscal year.

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.