Kestra Advisory Services LLC Boosts Stake in NVR, Inc. $NVR

Kestra Advisory Services LLC grew its position in shares of NVR, Inc. (NYSE:NVR) by 56.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 334 shares of the construction company’s stock after acquiring an additional 121 shares during the quarter. Kestra Advisory Services LLC’s holdings in NVR were worth $2,201,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Capital Research Global Investors grew its holdings in shares of 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 purchasing an additional 551 shares during the period. M&T Bank Corp lifted its position in NVR by 34,923.5% during the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock valued at $413,777,000 after buying an additional 56,576 shares in the last quarter. Corient Private Wealth LLC lifted its position in NVR by 407.5% during the fourth quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock valued at $332,346,000 after buying an additional 36,592 shares in the last quarter. Norges Bank purchased a new stake in NVR during the fourth quarter worth approximately $311,496,000. Finally, Capital World Investors increased its position in shares of NVR by 0.3% in the fourth quarter. Capital World Investors now owns 40,703 shares of the construction company’s stock worth $296,838,000 after acquiring an additional 127 shares in the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on NVR. BTIG Research reissued a “buy” rating and issued a $8,096.00 target price on shares of NVR in a research note on Wednesday, April 22nd. Weiss Ratings cut shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Bank of America cut their price objective on 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. Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Finally, Seaport Research Partners reiterated a “sell” rating and issued a $5,664.00 target price on shares of NVR in a research note on Tuesday, April 7th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $7,649.33.

Insider Buying and Selling at NVR

In other NVR news, Director Michael J. Devito bought 11 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were acquired 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 in the company, valued at $167,487.50. The trade was a 78.57% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.60% of the stock is owned by corporate insiders.

NVR Trading Down 0.0%

NYSE NVR opened at $6,489.54 on Monday. The stock has a market cap of $17.52 billion, a P/E ratio of 15.82, a PEG ratio of 4.81 and a beta of 0.90. The company’s fifty day simple moving average is $6,308.72 and its 200-day simple moving average is $6,816.72. The company has a current ratio of 5.19, a quick ratio of 2.67 and a debt-to-equity ratio of 0.26. NVR, Inc. has a 52 week low of $5,501.01 and a 52 week high of $8,618.28.

NVR (NYSE:NVR) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). NVR had a net margin of 12.93% and a return on equity of 32.66%. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the business posted $94.83 earnings per share. NVR’s revenue for the quarter was down 21.7% on a year-over-year basis. Equities research analysts predict that NVR, Inc. will post 372.53 EPS for the current fiscal 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.