NVR, Inc. $NVR Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its stake in NVR, Inc. (NYSE:NVR) by 5.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,934 shares of the construction company’s stock after selling 366 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in NVR were worth $45,694,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NVR. Capital Research Global Investors grew its stake in NVR by 0.4% during the 4th quarter. Capital Research Global Investors now owns 133,554 shares of the construction company’s stock worth $973,979,000 after buying an additional 551 shares during the last quarter. M&T Bank Corp lifted its stake in NVR by 34,923.5% in the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock valued at $413,777,000 after buying an additional 56,576 shares during the last quarter. Corient Private Wealth LLC lifted its stake in NVR by 407.5% in the fourth 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 last quarter. Norges Bank acquired a new position in shares of NVR during the fourth quarter valued at $311,496,000. Finally, Capital World Investors boosted its holdings in shares of NVR by 0.3% during the fourth 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 period. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Trading Up 0.1%

NVR stock opened at $6,483.19 on Monday. NVR, Inc. has a 12-month low of $5,501.01 and a 12-month high of $8,618.28. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.19 and a quick ratio of 2.67. The stock has a market capitalization of $17.50 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 4.80 and a beta of 0.90. The firm has a 50 day simple moving average of $6,266.84 and a 200-day simple moving average of $6,847.45.

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). The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.09 billion. NVR had a return on equity of 32.66% and a net margin of 12.93%.NVR’s revenue for the quarter was down 21.7% on a year-over-year basis. During the same period in the previous year, the firm earned $94.83 EPS. As a group, equities research analysts expect that NVR, Inc. will post 372.53 EPS for the current fiscal year.

Insider Activity

In other news, Director Michael J. Devito acquired 11 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were bought at an average price of $6,699.50 per share, with a total value of $73,694.50. Following the purchase, the director owned 25 shares of the company’s stock, valued at approximately $167,487.50. This represents a 78.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.60% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on NVR shares. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. Truist Financial reduced 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 decreased their target price on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a research report on Monday, April 20th. UBS Group dropped 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 research note on Thursday, April 23rd. Finally, Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7,649.33.

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.