Markel Group Inc. Acquires 80 Shares of NVR, Inc. $NVR

Markel Group Inc. raised its holdings in shares of NVR, Inc. (NYSE:NVR) by 0.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,087 shares of the construction company’s stock after purchasing an additional 80 shares during the quarter. Markel Group Inc. owned approximately 0.43% of NVR worth $79,651,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVR. DV Equities LLC bought a new position in shares of NVR in the fourth quarter valued at about $29,000. Strive Financial Group LLC bought a new stake in shares of NVR during the 4th quarter worth about $29,000. Oakworth Capital Inc. acquired a new position in NVR in the 4th quarter valued at about $36,000. State of Wyoming acquired a new position in NVR in the 2nd quarter valued at about $44,000. Finally, USA Financial Formulas raised its holdings in NVR by 75.0% in the 4th quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock valued at $51,000 after acquiring an additional 3 shares during the period. 83.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Bank of America reduced their price objective on NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a report on Monday, April 20th. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Truist Financial reduced their price target on NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. BTIG Research reaffirmed a “buy” rating and issued a $8,096.00 price objective on shares of NVR in a report on Wednesday, April 22nd. Finally, Weiss Ratings cut NVR from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, NVR currently has an average rating of “Hold” and a consensus price target of $7,649.33.

Insider Transactions at NVR

In related news, Director Michael J. Devito acquired 11 shares of the stock in a transaction 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 purchase, the director directly owned 25 shares in the company, valued at approximately $167,487.50. The trade was a 78.57% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.60% of the stock is owned by corporate insiders.

NVR Stock Performance

Shares of NYSE:NVR traded up $11.75 on Friday, reaching $6,483.19. 18,419 shares of the company’s stock were exchanged, compared to its average volume of 24,569. The company has a fifty day moving average of $6,266.84 and a 200-day moving average of $6,851.30. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28. The company has a market capitalization of $17.50 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 4.80 and a beta of 0.90. The company has a current ratio of 5.19, a quick ratio of 2.67 and a debt-to-equity ratio of 0.26.

NVR (NYSE:NVR) last announced 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 business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the business posted $94.83 earnings per share. The firm’s revenue for the quarter was down 21.7% compared to the same quarter last year. On average, research analysts predict that NVR, Inc. will post 372.53 EPS for the current fiscal 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.