NVR, Inc. $NVR Shares Purchased by AIA Group Ltd

AIA Group Ltd boosted its stake in shares of NVR, Inc. (NYSE:NVR) by 18.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 628 shares of the construction company’s stock after purchasing an additional 98 shares during the quarter. AIA Group Ltd’s holdings in NVR were worth $4,138,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its holdings in shares of NVR by 9.6% in the 1st quarter. California Public Employees Retirement System now owns 5,845 shares of the construction company’s stock valued at $38,518,000 after purchasing an additional 511 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of NVR by 15.8% during the 1st quarter. Bessemer Group Inc. now owns 132 shares of the construction company’s stock worth $870,000 after purchasing an additional 18 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of NVR during the 1st quarter worth about $15,480,000. Regency Capital Management Inc. DE boosted its position in shares of NVR by 8.2% during the 1st quarter. Regency Capital Management Inc. DE now owns 172 shares of the construction company’s stock worth $1,133,000 after acquiring an additional 13 shares in the last quarter. Finally, D.A. Davidson & CO. raised its position in shares of NVR by 17.0% during the 1st quarter. D.A. Davidson & CO. now owns 234 shares of the construction company’s stock worth $1,542,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NVR. BTIG Research reaffirmed a “buy” rating and issued a $8,096.00 price target on shares of NVR in a report on Wednesday, April 22nd. Seaport Research Partners reaffirmed a “sell” rating and set a $5,664.00 price objective on shares of NVR in a report on Tuesday, April 7th. UBS Group cut their target price on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Truist Financial dropped their price target on 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. Finally, Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, NVR presently has an average rating of “Hold” and a consensus price target of $7,649.33.

Insider Buying and Selling

In other news, Director Michael J. Devito acquired 11 shares of NVR stock in a transaction that occurred on Friday, April 24th. The stock was purchased at an average price of $6,699.50 per share, for a total transaction of $73,694.50. Following the completion of the transaction, the director directly owned 25 shares in the company, valued at approximately $167,487.50. This trade 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 accessible through this link. 8.60% of the stock is currently owned by insiders.

NVR Stock Down 0.0%

NVR opened at $6,489.54 on Monday. The business has a 50 day moving average price of $6,308.72 and a two-hundred day moving average price of $6,816.72. 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 market cap of $17.52 billion, a PE ratio of 15.82, a P/E/G ratio of 4.81 and a beta of 0.90. NVR, Inc. has a 52 week low of $5,501.01 and a 52 week high of $8,618.28.

NVR (NYSE:NVR) last posted its quarterly earnings data 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). NVR had a return on equity of 32.66% and a net margin of 12.93%.The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the business posted $94.83 earnings per share. The firm’s revenue was down 21.7% compared to the same quarter last year. As a group, research analysts anticipate that NVR, Inc. will post 372.53 EPS for the current year.

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.