Hsbc Holdings PLC Acquires 5,851 Shares of NVR, Inc. (NYSE:NVR)

Hsbc Holdings PLC grew its stake in shares of NVR, Inc. (NYSE:NVR) by 31.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,671 shares of the construction company’s stock after acquiring an additional 5,851 shares during the quarter. Hsbc Holdings PLC’s holdings in NVR were worth $201,821,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NVR. Proficio Capital Partners LLC purchased a new stake in shares of NVR during the 4th quarter valued at about $3,277,825,000. Norges Bank purchased a new stake in NVR during the fourth quarter valued at approximately $295,643,000. JPMorgan Chase & Co. raised its position in NVR by 165.8% in the fourth quarter. JPMorgan Chase & Co. now owns 36,999 shares of the construction company’s stock worth $302,611,000 after acquiring an additional 23,079 shares during the period. Capital Research Global Investors boosted its stake in shares of NVR by 11.7% during the 4th quarter. Capital Research Global Investors now owns 107,606 shares of the construction company’s stock worth $880,099,000 after acquiring an additional 11,274 shares during the last quarter. Finally, Corient Private Wealth LLC grew its position in shares of NVR by 2,599.1% during the 4th quarter. Corient Private Wealth LLC now owns 8,988 shares of the construction company’s stock valued at $73,512,000 after acquiring an additional 8,655 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Buying and Selling at NVR

In other news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the sale, the director now directly owns 1,050 shares in the company, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 7.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. UBS Group boosted their price target on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $9,356.67.

NVR Price Performance

NVR opened at $7,162.69 on Wednesday. The business has a fifty day moving average of $7,213.19 and a 200 day moving average of $8,178.52. The stock has a market cap of $21.27 billion, a P/E ratio of 14.11, a PEG ratio of 2.39 and a beta of 1.07. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77.

NVR (NYSE:NVR) last released its quarterly earnings data on Tuesday, April 22nd. The construction company reported $94.83 earnings per share for the quarter, missing analysts’ consensus estimates of $107.87 by ($13.04). NVR had a return on equity of 39.67% and a net margin of 16.34%. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.35 billion. As a group, sell-side analysts anticipate that NVR, Inc. will post 505.2 EPS for the current 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.