Hsbc Holdings PLC Buys Shares of 10,743 NVR, Inc. $NVR

Hsbc Holdings PLC purchased a new position in shares of NVR, Inc. (NYSE:NVR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,743 shares of the construction company’s stock, valued at approximately $73,157,000.

A number of other institutional investors also recently made changes to their positions in NVR. DV Equities LLC acquired a new position in shares of NVR during the fourth quarter valued at approximately $29,000. Strive Financial Group LLC acquired a new stake in NVR in the fourth quarter worth approximately $29,000. Clearstead Trust LLC bought a new position in NVR during the 2nd quarter valued at $27,000. Oakworth Capital Inc. bought a new position in NVR during the 4th quarter valued at $36,000. Finally, Trust Co. of Vermont acquired a new position in shares of NVR during the 2nd quarter valued at $34,000. 83.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NVR

In other NVR news, Director George Oliver bought 63 shares of NVR stock in a transaction dated Friday, August 7th. The stock was bought at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the completion of the acquisition, the director directly owned 63 shares of the company’s stock, valued at approximately $405,185.13. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NVR. UBS Group dropped their price objective on NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Bank of America dropped their price target on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Zacks Research upgraded shares of NVR from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings raised shares of NVR from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 18th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $7,224.20.

NVR Stock Performance

NVR stock opened at $6,365.53 on Thursday. NVR, Inc. has a fifty-two week low of $5,501.01 and a fifty-two week high of $8,618.28. The firm’s 50 day simple moving average is $6,451.89 and its 200-day simple moving average is $6,575.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24. The company has a market cap of $16.93 billion, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 10.75 and a beta of 0.91.

NVR (NYSE:NVR) last posted its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $83.06. NVR had a net margin of 12.26% and a return on equity of 31.02%. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the business posted $108.54 EPS. The company’s revenue was down 10.5% on a year-over-year basis. As a group, equities research analysts predict that NVR, Inc. will post 367.13 EPS for the current year.

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.