Quantum Capital Management LLC NJ Trims Holdings in NVR, Inc. $NVR

Quantum Capital Management LLC NJ lowered its stake in shares of NVR, Inc. (NYSE:NVR) by 1.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,660 shares of the construction company’s stock after selling 168 shares during the quarter. NVR accounts for 7.3% of Quantum Capital Management LLC NJ’s holdings, making the stock its 4th largest position. Quantum Capital Management LLC NJ’s holdings in NVR were worth $63,155,000 as of its most recent SEC filing.

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

NVR Trading Down 1.4%

NVR stock opened at $6,387.51 on Friday. The firm has a fifty day moving average price of $6,312.62 and a 200 day moving average price of $6,979.91. NVR, Inc. has a fifty-two week low of $5,501.01 and a fifty-two week high of $8,618.28. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.67 and a current ratio of 5.19. The firm has a market cap of $17.25 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 4.77 and a beta of 0.93.

NVR (NYSE:NVR) last posted its earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.09 billion. NVR had a net margin of 12.93% and a return on equity of 32.66%. The company’s revenue for the quarter was down 21.7% compared to the same quarter last year. During the same period last year, the business posted $94.83 earnings per share. Sell-side analysts anticipate that NVR, Inc. will post 375.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on NVR. Seaport Research Partners reiterated a “sell” rating and set a $5,664.00 price objective on shares of NVR in a research report on Tuesday, April 7th. Truist Financial reduced their price objective on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. BTIG Research reissued a “buy” rating and issued a $8,096.00 target price on shares of NVR in a report on Wednesday, April 22nd. Weiss Ratings lowered shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Finally, UBS Group cut their target price on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $7,649.33.

Insider Buying and Selling

In other news, Director Michael J. Devito acquired 11 shares of the company’s stock in a transaction on Friday, April 24th. The stock was bought at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the completion of the purchase, the director directly owned 25 shares of the company’s stock, valued at $167,487.50. This represents a 78.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 8.60% of the stock is 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.