NVR, Inc. $NVR Shares Sold by Guardian Point Capital LP

Guardian Point Capital LP lessened its position in shares of NVR, Inc. (NYSE:NVR) by 33.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,000 shares of the construction company’s stock after selling 1,000 shares during the period. NVR comprises 5.4% of Guardian Point Capital LP’s holdings, making the stock its 8th largest position. Guardian Point Capital LP’s holdings in NVR were worth $13,180,000 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. M&T Bank Corp lifted its holdings in shares of NVR by 34,923.5% in the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock valued at $413,777,000 after purchasing an additional 56,576 shares in the last quarter. Norges Bank acquired a new position in shares of NVR during the fourth quarter worth about $311,496,000. Corient Private Wealth LLC grew its holdings in shares of NVR by 407.5% during the fourth quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock worth $332,346,000 after buying an additional 36,592 shares in the last quarter. First Trust Advisors LP raised its position in NVR by 879.9% in the 1st quarter. First Trust Advisors LP now owns 24,418 shares of the construction company’s stock valued at $160,911,000 after buying an additional 21,926 shares during the last quarter. Finally, Newport Capital Group LLC acquired a new stake in NVR in the 4th quarter valued at approximately $106,372,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Performance

NVR opened at $6,425.36 on Friday. The business’s 50-day simple moving average is $6,370.66 and its 200 day simple moving average is $6,786.91. NVR, Inc. has a 52-week low of $5,501.01 and a 52-week high of $8,618.28. 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 capitalization of $17.35 billion, a PE ratio of 16.66, a PEG ratio of 16.46 and a beta of 0.90.

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, beating analysts’ consensus estimates of $0.90 by $83.06. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.40 billion. NVR had a return on equity of 30.23% and a net margin of 12.26%.The business’s revenue was down 10.5% compared to the same quarter last year. During the same period last year, the company earned $108.54 earnings per share. As a group, sell-side analysts expect that NVR, Inc. will post 371.11 earnings per share for the current fiscal year.

Key Stories Impacting NVR

Here are the key news stories impacting NVR this week:

• Negative Sentiment: NVR’s second-quarter results missed expectations on revenue and earnings, with EPS falling to $83.96 from $108.54 a year ago and revenue dropping about 10% as fewer settlements and lower pricing weighed on results. NVR, INC. ANNOUNCES SECOND QUARTER RESULTS
• Negative Sentiment: Homebuilding margin pressure was a key concern, with higher lot costs, pricing pressure, and contract land deposit impairments cutting profitability despite improved orders and backlog growth. NVR Q2 Earnings Miss Estimates on Margin Pressure, Stock Down
• Negative Sentiment: Truist Financial lowered its price target on NVR to $6,400 from $6,600 and kept a hold rating, signaling more cautious expectations for the shares. Benzinga
• Negative Sentiment: Zacks Research downgraded NVR to “strong sell” and trimmed several future earnings estimates, reinforcing concerns that near-term earnings momentum may stay weak. Zacks.com

Analysts Set New Price Targets

A number of research firms have weighed in on NVR. Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Weiss Ratings downgraded shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Truist Financial cut their price objective on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating on the stock in a research report on Friday. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, BTIG Research set a $7,446.00 target price on shares of NVR in a research report on Friday. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $7,224.20.

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.