Goldman Sachs Group Inc. Sells 2,542 Shares of NVR, Inc. $NVR

Goldman Sachs Group Inc. trimmed its holdings in NVR, Inc. (NYSE:NVR) by 12.1% in the fourth quarter, HoldingsChannel reports. The fund owned 18,486 shares of the construction company’s stock after selling 2,542 shares during the period. Goldman Sachs Group Inc.’s holdings in NVR were worth $134,814,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NVR. M&T Bank Corp lifted its holdings in shares of NVR by 34,923.5% in the 4th quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock worth $413,777,000 after acquiring an additional 56,576 shares during the last quarter. Norges Bank bought a new stake in shares of NVR in the 4th quarter worth approximately $311,496,000. Close Asset Management Ltd bought a new stake in shares of NVR in the 3rd quarter worth approximately $148,939,000. Citadel Advisors LLC lifted its holdings in shares of NVR by 318.4% in the 3rd quarter. Citadel Advisors LLC now owns 19,215 shares of the construction company’s stock worth $154,386,000 after acquiring an additional 14,623 shares during the last quarter. Finally, Newport Capital Group LLC bought a new stake in shares of NVR in the 4th quarter worth approximately $106,372,000. 83.67% of the stock is currently owned by institutional investors.

NVR Stock Up 0.3%

Shares of NYSE NVR opened at $6,201.64 on Tuesday. The company has a quick ratio of 2.67, a current ratio of 5.19 and a debt-to-equity ratio of 0.26. NVR, Inc. has a 52 week low of $5,501.01 and a 52 week high of $8,618.28. The firm’s fifty day moving average is $6,325.59 and its 200 day moving average is $7,001.64. The company has a market cap of $16.74 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 4.55 and a beta of 0.93.

NVR (NYSE:NVR) last issued 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 firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the previous year, the firm earned $94.83 earnings per share. The firm’s quarterly revenue was down 21.7% compared to the same quarter last year. On average, equities research analysts expect that NVR, Inc. will post 375.15 earnings per share for the current year.

NVR declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 3.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NVR shares. Weiss Ratings lowered shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Truist Financial decreased their target price on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Seaport Research Partners reaffirmed a “sell” rating and issued a $5,664.00 target price on shares of NVR in a research note on Tuesday, April 7th. Bank of America decreased their target price on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Finally, UBS Group decreased their target price 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. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $7,649.33.

Insider Activity at NVR

In related news, Director Michael J. Devito acquired 11 shares of NVR stock in a transaction on Friday, April 24th. The shares were acquired at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the transaction, the director owned 25 shares in the company, valued at $167,487.50. This trade represents a 78.57% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 8.60% of the stock is currently owned by insiders.

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.