Y Intercept Hong Kong Ltd Has $2.61 Million Stock Holdings in NVR, Inc. $NVR

Y Intercept Hong Kong Ltd boosted its stake in NVR, Inc. (NYSE:NVR) by 44.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 396 shares of the construction company’s stock after purchasing an additional 121 shares during the period. Y Intercept Hong Kong Ltd’s holdings in NVR were worth $2,610,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of NVR by 36.4% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 974 shares of the construction company’s stock valued at $6,418,000 after acquiring an additional 260 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in NVR in the 1st quarter worth about $3,565,000. Magnolia Group LLC acquired a new position in NVR in the 1st quarter worth about $3,229,000. Keybank National Association OH raised its position in NVR by 3.1% in the first quarter. Keybank National Association OH now owns 66 shares of the construction company’s stock valued at $435,000 after purchasing an additional 2 shares during the last quarter. Finally, USS Investment Management Ltd boosted its stake in shares of NVR by 5.2% during the first quarter. USS Investment Management Ltd now owns 682 shares of the construction company’s stock valued at $4,490,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on NVR. Truist Financial reduced their price target on NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. UBS Group cut their target price on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. BTIG Research reissued a “buy” rating and set a $8,096.00 target price on shares of NVR in a report on Wednesday, April 22nd. Seaport Research Partners restated a “sell” rating and issued a $5,664.00 price target on shares of NVR in a research report on Tuesday, April 7th. Finally, Bank of America dropped their price target on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $7,649.33.

NVR Stock Up 0.1%

Shares of NYSE NVR opened at $6,701.26 on Wednesday. The company’s 50 day moving average price is $6,262.25 and its 200-day moving average price is $6,868.53. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.67 and a current ratio of 5.19. 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 $18.09 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 4.96 and a beta of 0.90.

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). The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.09 billion. NVR had a return on equity of 32.66% and a net margin of 12.93%.The company’s quarterly revenue was down 21.7% compared to the same quarter last year. During the same quarter last year, the company earned $94.83 earnings per share. Equities analysts forecast that NVR, Inc. will post 372.53 earnings per share for the current year.

Insider Buying and Selling at NVR

In other NVR news, Director Michael J. Devito acquired 11 shares of the stock in a transaction dated Friday, April 24th. The stock was purchased at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the transaction, 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 filing with the SEC, which is available at this hyperlink. Company insiders own 8.60% of the company’s stock.

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.