NVR, Inc. $NVR Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its holdings in NVR, Inc. (NYSE:NVR) by 37.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,769 shares of the construction company’s stock after selling 8,358 shares during the period. Hsbc Holdings PLC’s holdings in NVR were worth $101,737,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NVR. Nissay Asset Management Corp Japan ADV lifted its position in NVR by 0.5% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 386 shares of the construction company’s stock valued at $2,796,000 after purchasing an additional 2 shares during the period. Baird Financial Group Inc. raised its stake in shares of NVR by 4.2% during the 1st quarter. Baird Financial Group Inc. now owns 50 shares of the construction company’s stock valued at $362,000 after buying an additional 2 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of NVR by 6.5% in the 2nd quarter. Fifth Third Bancorp now owns 33 shares of the construction company’s stock valued at $244,000 after buying an additional 2 shares during the period. QRG Capital Management Inc. boosted its stake in shares of NVR by 4.2% in the second quarter. QRG Capital Management Inc. now owns 50 shares of the construction company’s stock worth $369,000 after buying an additional 2 shares during the last quarter. Finally, Evergreen Wealth Management LLC grew its holdings in NVR by 1.9% during the second quarter. Evergreen Wealth Management LLC now owns 109 shares of the construction company’s stock worth $801,000 after acquiring an additional 2 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Bank of America reduced their price target on NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research note on Wednesday, October 8th. Finally, UBS Group raised their price target on shares of NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, NVR currently has a consensus rating of “Hold” and a consensus target price of $8,366.67.

Insider Activity

In related news, Director Michael J. Devito bought 14 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were acquired at an average price of $7,068.05 per share, for a total transaction of $98,952.70. Following the completion of the transaction, the director directly owned 14 shares in the company, valued at $98,952.70. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.00% of the stock is currently owned by company insiders.

NVR Stock Down 0.8%

NVR stock opened at $7,507.29 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. The stock has a market capitalization of $21.31 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 9.94 and a beta of 0.93. The business has a 50 day simple moving average of $7,558.72 and a 200-day simple moving average of $7,628.31. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $9,280.15.

NVR (NYSE:NVR) last released its quarterly earnings results on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $107.88 by $4.45. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.54 billion. NVR had a net margin of 14.00% and a return on equity of 35.81%. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $130.50 EPS. On average, analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

About NVR

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.