Markel Group Inc. Has $79.65 Million Position in NVR, Inc. $NVR

Markel Group Inc. lifted its position in shares of NVR, Inc. (NYSE:NVR) by 0.7% in the first quarter, HoldingsChannel.com reports. The fund owned 12,087 shares of the construction company’s stock after buying an additional 80 shares during the period. Markel Group Inc.’s holdings in NVR were worth $79,651,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. DV Equities LLC bought a new stake in NVR during the fourth quarter worth $29,000. Strive Financial Group LLC bought a new position in shares of NVR in the 4th quarter valued at $29,000. Oakworth Capital Inc. acquired a new position in shares of NVR during the 4th quarter worth $36,000. State of Wyoming acquired a new position in shares of NVR during the 2nd quarter worth $44,000. Finally, USA Financial Formulas lifted its position in shares of NVR by 75.0% during the 4th quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock worth $51,000 after buying an additional 3 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on NVR. Weiss Ratings cut NVR from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Truist Financial dropped their target price on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. Seaport Research Partners reiterated a “sell” rating and set a $5,664.00 price objective on shares of NVR in a research report on Tuesday, April 7th. Finally, Bank of America lowered their price objective on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, NVR has a consensus rating of “Hold” and an average price target of $7,649.33.

Insider Transactions at NVR

In other NVR news, Director Michael J. Devito purchased 11 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was purchased at an average price 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 of the company’s stock, valued at approximately $167,487.50. The trade was a 78.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 8.60% of the company’s stock.

NVR Price Performance

NVR traded up $11.75 on Friday, reaching $6,483.19. The stock had a trading volume of 18,419 shares, compared to its average volume of 24,569. The company has a current ratio of 5.19, a quick ratio of 2.67 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $17.50 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 4.80 and a beta of 0.90. NVR, Inc. has a fifty-two week low of $5,501.01 and a fifty-two week high of $8,618.28. The firm has a 50-day moving average of $6,266.84 and a 200-day moving average of $6,851.30.

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 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 firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter last year, the firm posted $94.83 earnings per share. The business’s revenue for the quarter was down 21.7% on a year-over-year basis. As a group, sell-side analysts anticipate that NVR, Inc. will post 372.53 EPS 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.