Marks Group Wealth Management Inc Decreases Stake in NVR, Inc. $NVR

Marks Group Wealth Management Inc lowered its position in shares of NVR, Inc. (NYSE:NVR) by 36.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 324 shares of the construction company’s stock after selling 186 shares during the quarter. Marks Group Wealth Management Inc’s holdings in NVR were worth $2,135,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of NVR. Murphy Middleton Hinkle & Parker Inc. bought a new stake in NVR during the fourth quarter worth $11,610,000. AustralianSuper Pty Ltd bought a new position in NVR in the 4th quarter valued at $4,835,000. Norges Bank bought a new position in NVR in the 4th quarter valued at $311,496,000. SG Americas Securities LLC increased its position in shares of NVR by 669.5% during the 4th quarter. SG Americas Securities LLC now owns 4,232 shares of the construction company’s stock valued at $30,863,000 after purchasing an additional 3,682 shares during the last quarter. Finally, Tudor Investment Corp ET AL increased its position in shares of NVR by 1,245.3% during the 3rd quarter. Tudor Investment Corp ET AL now owns 1,009 shares of the construction company’s stock valued at $8,107,000 after purchasing an additional 934 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Truist Financial lowered their target price on NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Seaport Research Partners restated a “sell” rating and set a $5,664.00 price objective on shares of NVR in a report on Tuesday, April 7th. Bank of America lowered their price objective on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. BTIG Research reaffirmed a “buy” rating and issued a $8,096.00 price objective on shares of NVR in a research report on Wednesday, April 22nd. Finally, Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, NVR currently has a consensus rating of “Hold” and a consensus target price of $7,649.33.

Insider Buying and Selling

In other NVR news, Director Michael J. Devito acquired 11 shares of the business’s stock in a transaction that occurred on 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 acquisition, the director owned 25 shares in the company, valued at approximately $167,487.50. This represents a 78.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 8.60% of the company’s stock.

NVR Price Performance

NYSE NVR opened at $6,684.72 on Friday. The company has a quick ratio of 2.67, a current ratio of 5.19 and a debt-to-equity ratio of 0.26. The company has a market cap of $18.05 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 4.82 and a beta of 0.90. NVR, Inc. has a 52 week low of $5,501.01 and a 52 week high of $8,618.28. The firm’s 50-day simple moving average is $6,298.40 and its two-hundred day simple moving average is $6,822.78.

NVR (NYSE:NVR) last posted its earnings results 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 return on equity of 32.66% and a net margin of 12.93%.The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the previous year, the business earned $94.83 EPS. NVR’s revenue for the quarter was down 21.7% on a year-over-year basis. Research analysts predict that NVR, Inc. will post 372.53 earnings per share for the current year.

About NVR

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.