HBK Sorce Advisory LLC Buys 89 Shares of NVR, Inc. $NVR

HBK Sorce Advisory LLC lifted its stake in shares of NVR, Inc. (NYSE:NVR) by 49.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 268 shares of the construction company’s stock after purchasing an additional 89 shares during the quarter. HBK Sorce Advisory LLC’s holdings in NVR were worth $2,051,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its position in NVR by 68.9% in the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock valued at $622,000 after purchasing an additional 31 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of NVR by 9.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 70 shares of the construction company’s stock worth $507,000 after purchasing an additional 6 shares during the last quarter. Vident Advisory LLC increased its stake in shares of NVR by 1,528.0% in the first quarter. Vident Advisory LLC now owns 407 shares of the construction company’s stock valued at $2,948,000 after buying an additional 382 shares during the period. Baird Financial Group Inc. raised its holdings in NVR by 4.2% in the 1st quarter. Baird Financial Group Inc. now owns 50 shares of the construction company’s stock valued at $362,000 after buying an additional 2 shares during the last quarter. Finally, Nomura Holdings Inc. boosted its position in NVR by 39.8% during the 1st quarter. Nomura Holdings Inc. now owns 137 shares of the construction company’s stock worth $992,000 after buying an additional 39 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on NVR shares. UBS Group upped their price target on shares of NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. Bank of America lowered their target price on NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, BTIG Research assumed coverage on NVR in a research note on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $8,530.50.

Insider Activity

In other NVR news, Director Michael J. Devito purchased 14 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were purchased at an average cost of $7,068.05 per share, for a total transaction of $98,952.70. Following the acquisition, the director owned 14 shares of the company’s stock, valued at approximately $98,952.70. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.80% of the company’s stock.

NVR Stock Performance

Shares of NVR stock opened at $7,349.44 on Tuesday. The business has a 50-day moving average price of $7,397.29 and a two-hundred day moving average price of $7,676.18. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $8,618.28. The company has a current ratio of 5.96, a quick ratio of 3.16 and a debt-to-equity ratio of 0.23. The company has a market cap of $20.87 billion, a P/E ratio of 16.13, a PEG ratio of 9.95 and a beta of 1.00.

NVR (NYSE:NVR) last announced its quarterly earnings data on Wednesday, October 22nd. The construction company reported $112.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $107.88 by $4.45. NVR had a return on equity of 35.89% and a net margin of 14.00%.The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the previous year, the business earned $130.50 EPS. The firm’s revenue was down 4.5% compared to the same quarter last year. As a group, analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

NVR 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.