NVR, Inc. $NVR Shares Sold by Watchman Group Inc.

Watchman Group Inc. decreased its holdings in shares of NVR, Inc. (NYSE:NVR) by 26.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 274 shares of the construction company’s stock after selling 101 shares during the period. Watchman Group Inc.’s holdings in NVR were worth $1,867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. M&T Bank Corp raised its position in NVR by 34,923.5% during the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock worth $413,777,000 after acquiring an additional 56,576 shares during the period. Norges Bank acquired a new stake in shares of NVR in the fourth quarter valued at about $311,496,000. Corient Private Wealth LLC grew its position in shares of NVR by 407.5% in the fourth quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock valued at $332,346,000 after purchasing an additional 36,592 shares during the period. First Trust Advisors LP increased its stake in shares of NVR by 879.9% during the first quarter. First Trust Advisors LP now owns 24,418 shares of the construction company’s stock worth $160,911,000 after purchasing an additional 21,926 shares in the last quarter. Finally, Newport Capital Group LLC purchased a new stake in shares of NVR during the fourth quarter worth about $106,372,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Price Performance

NVR stock opened at $6,378.62 on Friday. The company has a fifty day simple moving average of $6,449.03 and a 200-day simple moving average of $6,663.09. The firm has a market capitalization of $16.97 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 10.38 and a beta of 0.91. 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.

NVR (NYSE:NVR) last posted its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, topping the consensus estimate of $0.90 by $83.06. The firm 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 revenue for the quarter was down 10.5% on a year-over-year basis. During the same period last year, the firm posted $108.54 earnings per share. On average, equities analysts anticipate that NVR, Inc. will post 371.98 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on NVR. Weiss Ratings restated a “sell (d+)” rating on shares of NVR in a research report on Tuesday, August 4th. Truist Financial lowered their price objective on NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. UBS Group reduced their target price on NVR from $7,700.00 to $7,400.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Finally, BTIG Research set a $7,446.00 target price on NVR in a research report on Friday, July 24th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, 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 acquired 63 shares of the business’s stock in a transaction on Friday, August 7th. The stock was bought at an average price of $6,431.51 per share, for a total transaction of $405,185.13. Following the acquisition, the director owned 63 shares in the company, valued at approximately $405,185.13. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 8.60% of the company’s stock.

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.