NVR, Inc. $NVR Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc reduced its stake in NVR, Inc. (NYSE:NVR) by 46.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 173 shares of the construction company’s stock after selling 151 shares during the period. Marks Group Wealth Management Inc’s holdings in NVR were worth $1,179,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. AustralianSuper Pty Ltd acquired a new position in shares of NVR in the fourth quarter valued at approximately $4,835,000. Norges Bank acquired a new stake in NVR during the 4th quarter worth approximately $311,496,000. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in NVR during the 4th quarter worth approximately $3,989,000. Northwestern Mutual Wealth Management Co. boosted its position in NVR by 13,371.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,544 shares of the construction company’s stock valued at $55,017,000 after buying an additional 7,488 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in NVR by 4.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,896 shares of the construction company’s stock valued at $42,916,000 after buying an additional 261 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Truist Financial dropped their price target on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a research note on Friday, July 24th. UBS Group reduced their price objective on NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research cut NVR from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of NVR in a report on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $7,224.20.

Insider Buying and Selling

In other NVR news, Director George Oliver bought 63 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the completion of the acquisition, the director directly owned 63 shares of the company’s stock, valued at $405,185.13. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 8.60% of the stock is owned by company insiders.

NVR Stock Up 1.3%

Shares of NVR stock opened at $6,378.62 on Friday. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27. NVR, Inc. has a 52-week low of $5,501.01 and a 52-week high of $8,618.28. The company has a market capitalization of $16.97 billion, a P/E ratio of 16.54, a P/E/G ratio of 10.38 and a beta of 0.91. The company has a 50 day moving average of $6,449.03 and a 200 day moving average of $6,663.09.

NVR (NYSE:NVR) last announced its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $83.06. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. The company’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $108.54 EPS. As a group, research analysts forecast that NVR, Inc. will post 371.98 EPS for the current fiscal year.

NVR Company 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.