Corient Private Wealth LLC Buys 36,592 Shares of NVR, Inc. $NVR

Corient Private Wealth LLC raised its stake in shares of NVR, Inc. (NYSE:NVR) by 407.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 45,572 shares of the construction company’s stock after buying an additional 36,592 shares during the quarter. Corient Private Wealth LLC’s holdings in NVR were worth $332,346,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Murphy Middleton Hinkle & Parker Inc. bought a new stake in NVR during the fourth quarter valued at about $11,610,000. Alberta Investment Management Corp bought a new position in shares of NVR in the third quarter worth about $4,017,000. American Century Companies Inc. grew its position in shares of NVR by 17.0% during the third quarter. American Century Companies Inc. now owns 6,370 shares of the construction company’s stock worth $51,181,000 after purchasing an additional 925 shares in the last quarter. Marshfield Associates grew its position in shares of NVR by 4.7% during the third quarter. Marshfield Associates now owns 25,042 shares of the construction company’s stock worth $201,204,000 after purchasing an additional 1,130 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in NVR by 669.5% during the 4th quarter. SG Americas Securities LLC now owns 4,232 shares of the construction company’s stock valued at $30,863,000 after purchasing an additional 3,682 shares during the period. 83.67% of the stock is owned by institutional investors.

Insider Buying and Selling at NVR

In other NVR news, Director Michael J. Devito bought 11 shares of the business’s stock in a transaction that occurred on 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 completion of the acquisition, the director owned 25 shares in the company, valued at $167,487.50. This trade represents a 78.57% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.60% of the company’s stock.

NVR Trading Up 3.3%

Shares of NVR stock opened at $6,480.86 on Friday. 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 stock has a market capitalization of $17.50 billion, a price-to-earnings ratio of 15.80, a price-to-earnings-growth ratio of 4.62 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 stock’s 50-day moving average price is $6,292.19 and its 200-day moving average price is $6,945.85.

NVR (NYSE:NVR) last announced 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 for the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $94.83 earnings per share. Equities research analysts predict that NVR, Inc. will post 375.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Bank of America lowered their price target on NVR from $8,600.00 to $8,225.00 and set a “buy” rating on the stock in a report on Monday, April 20th. BTIG Research reaffirmed a “buy” rating and set a $8,096.00 price objective on shares of NVR in a report on Wednesday, April 22nd. Truist Financial reduced their price objective 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. Seaport Research Partners reissued a “sell” rating and issued a $5,664.00 target price on shares of NVR in a report on Tuesday, April 7th. Finally, UBS Group dropped their target price on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $7,649.33.

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.