Wedge Capital Management L L P NC Has $10.21 Million Stock Holdings in NVR, Inc. $NVR

Wedge Capital Management L L P NC increased its position in shares of NVR, Inc. (NYSE:NVR) by 27.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,498 shares of the construction company’s stock after acquiring an additional 323 shares during the quarter. Wedge Capital Management L L P NC owned about 0.06% of NVR worth $10,206,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NVR. Capital Research Global Investors raised its stake in NVR by 0.4% during the 4th quarter. Capital Research Global Investors now owns 133,554 shares of the construction company’s stock worth $973,979,000 after buying an additional 551 shares during the period. M&T Bank Corp grew its stake in NVR by 34,923.5% in the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock valued at $413,777,000 after acquiring an additional 56,576 shares during the period. Corient Private Wealth LLC grew its stake in NVR by 407.5% in the fourth quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock valued at $332,346,000 after acquiring an additional 36,592 shares during the period. Norges Bank bought a new stake in shares of NVR in the fourth quarter worth about $311,496,000. Finally, Capital World Investors raised its position in shares of NVR by 0.3% during the fourth quarter. Capital World Investors now owns 40,703 shares of the construction company’s stock worth $296,838,000 after purchasing an additional 127 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Down 2.2%

Shares of NVR stock opened at $6,287.05 on Thursday. The business’s 50 day simple moving average is $6,445.14 and its 200 day simple moving average is $6,672.10. NVR, Inc. has a 52-week low of $5,501.01 and a 52-week high of $8,618.28. The firm has a market cap of $16.72 billion, a PE ratio of 16.31, a P/E/G ratio of 10.60 and a beta of 0.91. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28.

NVR (NYSE:NVR) last released its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $83.06. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.40 billion. NVR had a return on equity of 31.02% and a net margin of 12.26%.The business’s revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $108.54 EPS. On average, analysts predict that NVR, Inc. will post 371.98 earnings per share for the current fiscal year.

Insider Activity at NVR

In other NVR news, Director George Oliver acquired 63 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were acquired at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the completion of the transaction, the director directly owned 63 shares in the company, valued at $405,185.13. This trade represents a ? increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NVR has been the subject of several research analyst reports. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Truist Financial lowered their target price on NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Weiss Ratings restated a “sell (d+)” rating on shares of NVR in a report on Tuesday, August 4th. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Finally, BTIG Research set a $7,446.00 price target on shares of NVR in a report on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $7,224.20.

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.