Mangrove Partners IM LLC Makes New Investment in NVR, Inc. $NVR

Mangrove Partners IM LLC purchased a new position in NVR, Inc. (NYSE:NVR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 139 shares of the construction company’s stock, valued at approximately $1,014,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Capital Research Global Investors grew its position in NVR by 0.4% in 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 last quarter. M&T Bank Corp boosted its position in shares of NVR by 34,923.5% during the 4th quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock valued at $413,777,000 after acquiring an additional 56,576 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of NVR by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 43,318 shares of the construction company’s stock valued at $348,051,000 after acquiring an additional 1,718 shares in the last quarter. Norges Bank acquired a new stake in shares of NVR during the 4th quarter valued at about $311,496,000. Finally, Capital World Investors boosted its position in shares of NVR by 0.3% during the 4th quarter. Capital World Investors now owns 40,703 shares of the construction company’s stock valued at $296,838,000 after acquiring an additional 127 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Price Performance

NYSE:NVR opened at $6,445.58 on Wednesday. The firm has a market cap of $17.40 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 4.66 and a beta of 0.93. NVR, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,618.28. 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’s 50-day moving average price is $6,301.47 and its two-hundred day moving average price is $6,962.19.

NVR (NYSE:NVR) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 EPS for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $2.09 billion. NVR had a net margin of 12.93% and a return on equity of 32.66%. NVR’s quarterly revenue was down 21.7% on a year-over-year basis. During the same quarter last year, the firm earned $94.83 earnings per share. On average, equities analysts anticipate that NVR, Inc. will post 375.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Truist Financial decreased their target price on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. BTIG Research reiterated a “buy” rating and set a $8,096.00 target price on shares of NVR in a research report on Wednesday, April 22nd. Bank of America decreased their target price 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. Seaport Research Partners reiterated a “sell” rating and set a $5,664.00 target price on shares of NVR in a research report on Tuesday, April 7th. Finally, Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, NVR currently has a consensus rating of “Hold” and an average target price of $7,649.33.

Insider Buying and Selling

In related news, Director Michael J. Devito bought 11 shares of the company’s stock in a transaction 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 completion of the purchase, the director owned 25 shares in the company, valued at approximately $167,487.50. The trade was a 78.57% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 8.60% of the stock is currently owned by company insiders.

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.