BI Asset Management Fondsmaeglerselskab A S Grows Position in NVR, Inc. $NVR

BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of NVR, Inc. (NYSE:NVR) by 112.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 266 shares of the construction company’s stock after acquiring an additional 141 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in NVR were worth $1,753,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in NVR. Brighton Jones LLC boosted its stake in shares of NVR by 68.9% during the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock valued at $622,000 after acquiring an additional 31 shares during the last quarter. Woodline Partners LP grew its holdings in shares of NVR by 28.4% during the first quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock worth $1,833,000 after buying an additional 56 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of NVR by 100.0% in the second quarter. EverSource Wealth Advisors LLC now owns 10 shares of the construction company’s stock valued at $75,000 after buying an additional 5 shares during the last quarter. Cerity Partners LLC raised its position in shares of NVR by 7.9% in the second quarter. Cerity Partners LLC now owns 409 shares of the construction company’s stock valued at $3,021,000 after buying an additional 30 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in shares of NVR by 3.7% during the second quarter. Daiwa Securities Group Inc. now owns 449 shares of the construction company’s stock valued at $3,316,000 after buying an additional 16 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NVR has been the topic of a number of analyst reports. 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 report on Thursday, April 23rd. BTIG Research reiterated a “buy” rating and issued a $8,096.00 price target on shares of NVR in a report on Wednesday, April 22nd. Bank of America decreased their price target on 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. Seaport Research Partners restated a “sell” rating and issued a $5,664.00 price target on shares of NVR in a report on Tuesday, April 7th. Finally, Weiss Ratings downgraded shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $7,649.33.

Insider Buying and Selling at NVR

In other NVR news, Director Michael J. Devito bought 11 shares of NVR stock in a transaction that occurred on Friday, April 24th. The shares were acquired at an average price of $6,699.50 per share, for a total transaction of $73,694.50. Following the acquisition, the director owned 25 shares of the company’s stock, valued at $167,487.50. The trade was a 78.57% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 8.60% of the company’s stock.

NVR Stock Performance

NYSE NVR opened at $6,754.66 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.19 and a quick ratio of 2.67. NVR, Inc. has a 1-year low of $5,501.01 and a 1-year high of $8,618.28. The firm has a market capitalization of $18.24 billion, a P/E ratio of 16.47, a P/E/G ratio of 4.74 and a beta of 0.93. The business’s 50-day simple moving average is $6,270.04 and its 200-day simple moving average is $6,915.41.

NVR (NYSE:NVR) last posted its quarterly 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 business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.09 billion. NVR had a net margin of 12.93% and a return on equity of 32.66%. The company’s quarterly revenue was down 21.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $94.83 EPS. Equities analysts predict that NVR, Inc. will post 372.53 EPS for the current year.

NVR Company 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.