Elevation Point Wealth Partners LLC Purchases New Holdings in NVR, Inc. $NVR

Elevation Point Wealth Partners LLC acquired a new position in shares of NVR, Inc. (NYSE:NVR) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 541 shares of the construction company’s stock, valued at approximately $3,565,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Research Global Investors increased its stake in shares of NVR by 0.4% during the fourth quarter. Capital Research Global Investors now owns 133,554 shares of the construction company’s stock valued at $973,979,000 after purchasing an additional 551 shares in the last quarter. M&T Bank Corp boosted its position in shares of NVR by 34,923.5% in the 4th quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock worth $413,777,000 after purchasing an additional 56,576 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of NVR by 407.5% in the 4th quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock worth $332,346,000 after purchasing an additional 36,592 shares in the last quarter. Norges Bank bought a new stake in shares of NVR in the 4th quarter worth approximately $311,496,000. Finally, Capital World Investors grew its stake in shares of NVR by 0.3% in the 4th quarter. Capital World Investors now owns 40,703 shares of the construction company’s stock worth $296,838,000 after buying an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NVR. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Bank of America cut their target price on NVR from $8,600.00 to $8,225.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Truist Financial reduced their price target on NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. BTIG Research reaffirmed a “buy” rating and issued a $8,096.00 price target on shares of NVR in a research report on Wednesday, April 22nd. Finally, Seaport Research Partners reaffirmed a “sell” rating and issued a $5,664.00 price target on shares of NVR in a research report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $7,649.33.

Insider Transactions at NVR

In related news, Director Michael J. Devito bought 11 shares of the business’s stock in a transaction on Friday, April 24th. The stock was acquired at an average price 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. This trade represents a 78.57% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 8.60% of the company’s stock.

NVR Price Performance

Shares of NYSE:NVR opened at $6,738.57 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.67 and a current ratio of 5.19. The firm has a market cap of $18.19 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 5.01 and a beta of 0.90. The business has a 50-day simple moving average of $6,258.33 and a two-hundred day simple moving average of $6,885.14. NVR, Inc. has a fifty-two week low of $5,501.01 and a fifty-two week high of $8,618.28.

NVR (NYSE:NVR) last released 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). NVR had a net margin of 12.93% and a return on equity of 32.66%. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the previous year, the firm earned $94.83 earnings per share. The firm’s revenue for the quarter was down 21.7% on a year-over-year basis. On average, analysts expect that NVR, Inc. will post 372.53 earnings per share 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.