NVR, Inc. $NVR Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its holdings in shares of NVR, Inc. (NYSE:NVR) by 56.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 334 shares of the construction company’s stock after acquiring an additional 121 shares during the period. Kestra Advisory Services LLC’s holdings in NVR were worth $2,201,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. DV Equities LLC acquired a new stake in NVR in the fourth quarter valued at $29,000. Strive Financial Group LLC acquired a new position in NVR during the 4th quarter worth $29,000. Oakworth Capital Inc. acquired a new position in NVR during the 4th quarter worth $36,000. State of Wyoming bought a new stake in shares of NVR in the 2nd quarter worth about $44,000. Finally, USA Financial Formulas increased its position in shares of NVR by 75.0% in the 4th quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock worth $51,000 after purchasing an additional 3 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Down 0.0%

NVR stock opened at $6,489.54 on Monday. 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 fifty day moving average price of $6,308.72 and a two-hundred day moving average price of $6,816.72. The firm has a market cap of $17.52 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 4.81 and a beta of 0.90.

NVR (NYSE:NVR) last issued its earnings results 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 business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the company posted $94.83 earnings per share. The firm’s revenue for the quarter was down 21.7% on a year-over-year basis. Research analysts predict that NVR, Inc. will post 372.53 EPS for the current year.

Insider Buying and Selling at NVR

In other NVR news, Director Michael J. Devito acquired 11 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were purchased at an average price of $6,699.50 per share, for a total transaction of $73,694.50. Following the completion of the purchase, the director directly owned 25 shares in the company, valued at $167,487.50. The trade was a 78.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 8.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. UBS Group lowered their price objective on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Truist Financial reduced their target price on NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Finally, Weiss Ratings downgraded NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $7,649.33.

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.