Bank of America Corp DE Has $89.09 Million Stock Position in NVR, Inc. $NVR

Bank of America Corp DE grew its position in NVR, Inc. (NYSE:NVR) by 6.3% in the first quarter, Holdings Channel.com reports. The fund owned 13,520 shares of the construction company’s stock after buying an additional 804 shares during the period. Bank of America Corp DE’s holdings in NVR were worth $89,095,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. DV Equities LLC bought a new stake in shares of NVR during the fourth quarter valued at approximately $29,000. Strive Financial Group LLC acquired a new position in shares of NVR in the fourth quarter valued at $29,000. Oakworth Capital Inc. bought a new position in NVR in the fourth quarter worth $36,000. State of Wyoming bought a new position in NVR in the second quarter worth $44,000. Finally, Clearstead Advisors LLC boosted its stake in NVR by 75.0% during the fourth quarter. Clearstead Advisors LLC now owns 7 shares of the construction company’s stock worth $51,000 after buying an additional 3 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

NVR Price Performance

NVR stock opened at $6,399.95 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24. The company has a market capitalization of $17.02 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 10.54 and a beta of 0.91. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,618.28. The business has a 50 day simple moving average of $6,433.96 and a 200 day simple moving average of $6,706.97.

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

Analysts Set New Price Targets

Several brokerages have issued reports on NVR. BTIG Research set a $7,446.00 price target on shares of NVR in a report on Friday, July 24th. Zacks Research downgraded shares of NVR from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. UBS Group decreased their target price on shares of NVR from $7,700.00 to $7,400.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Finally, Bank of America lowered their target price on shares of NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research note on Monday, July 20th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, NVR currently has a consensus rating of “Hold” and an average target price of $7,224.20.

NVR 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.