Epoch Investment Partners Inc. Sells 594 Shares of NVR, Inc. $NVR

Epoch Investment Partners Inc. lowered its stake in shares of NVR, Inc. (NYSE:NVR) by 3.9% in the fourth quarter, Holdings Channel reports. The firm owned 14,782 shares of the construction company’s stock after selling 594 shares during the period. Epoch Investment Partners Inc.’s holdings in NVR were worth $107,802,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in NVR. Brighton Jones LLC boosted its position in NVR by 68.9% during the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock worth $622,000 after purchasing an additional 31 shares during the period. Woodline Partners LP boosted its position in NVR by 28.4% during the first quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock worth $1,833,000 after purchasing an additional 56 shares during the period. EverSource Wealth Advisors LLC boosted its position in NVR by 100.0% during the second quarter. EverSource Wealth Advisors LLC now owns 10 shares of the construction company’s stock worth $75,000 after purchasing an additional 5 shares during the period. Cerity Partners LLC boosted its position in NVR by 7.9% during the second quarter. Cerity Partners LLC now owns 409 shares of the construction company’s stock worth $3,021,000 after purchasing an additional 30 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in NVR by 3.7% during the second quarter. Daiwa Securities Group Inc. now owns 449 shares of the construction company’s stock worth $3,316,000 after purchasing an additional 16 shares during the period. Institutional investors own 83.67% of the company’s stock.

Insider Buying and Selling at NVR

In other NVR news, Director Michael J. Devito acquired 11 shares of NVR stock in a transaction dated Friday, April 24th. The stock was bought at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the completion of the transaction, the director owned 25 shares of the company’s stock, valued at $167,487.50. The trade was a 78.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.60% of the company’s stock.

NVR Stock Down 1.4%

NVR opened at $6,387.51 on Friday. NVR, Inc. has a 1-year low of $5,501.01 and a 1-year high of $8,618.28. The company has a current ratio of 5.19, a quick ratio of 2.67 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $17.24 billion, a price-to-earnings ratio of 15.57, a P/E/G ratio of 4.69 and a beta of 0.93. The business has a 50 day moving average of $6,312.62 and a 200-day moving average of $6,979.91.

NVR (NYSE:NVR) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing the consensus estimate of $79.97 by ($12.21). NVR had a net margin of 12.93% and a return on equity of 32.66%. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the company posted $94.83 earnings per share. The firm’s revenue was down 21.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that NVR, Inc. will post 375.15 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on NVR. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Seaport Research Partners reaffirmed a “sell” rating and set a $5,664.00 target price on shares of NVR in a research report on Tuesday, April 7th. Bank of America decreased their target price on NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a research report on Monday, April 20th. UBS Group decreased their target price on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Finally, Truist Financial decreased their target price on NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7,649.33.

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.