Giverny Capital Inc. Sells 409 Shares of NVR, Inc. $NVR

Giverny Capital Inc. trimmed its stake in NVR, Inc. (NYSE:NVR) by 3.0% in the second quarter, HoldingsChannel reports. The firm owned 13,238 shares of the construction company’s stock after selling 409 shares during the period. NVR makes up about 3.1% of Giverny Capital Inc.’s portfolio, making the stock its 15th largest position. Giverny Capital Inc.’s holdings in NVR were worth $90,196,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Clearstead Trust LLC purchased a new stake in NVR in the 2nd quarter valued at $27,000. DV Equities LLC purchased a new stake in shares of NVR during the 4th quarter valued at approximately $29,000. Strive Financial Group LLC purchased a new stake in shares of NVR during the fourth quarter worth $29,000. Trust Co. of Vermont purchased a new stake in NVR during the 2nd quarter worth about $34,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of NVR in the second quarter worth about $34,000. Institutional investors own 83.67% of the company’s stock.

NVR Trading Up 0.1%

Shares of NVR stock opened at $6,306.62 on Monday. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $6,417.15 and a two-hundred day moving average price of $6,499.19. NVR, Inc. has a 12-month low of $5,501.01 and a 12-month high of $8,618.28. The firm has a market cap of $16.78 billion, a P/E ratio of 16.36, a price-to-earnings-growth ratio of 10.53 and a beta of 0.91.

NVR (NYSE:NVR) last announced its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, beating the consensus estimate of $0.90 by $83.06. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.40 billion. NVR had a return on equity of 31.02% and a net margin of 12.26%.The company’s revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the company earned $108.54 EPS. Equities analysts anticipate that NVR, Inc. will post 367.13 EPS for the current fiscal year.

Insider Buying and Selling

In other NVR news, Director George Oliver purchased 63 shares of NVR stock in a transaction on Friday, August 7th. The shares were acquired at an average cost of $6,431.51 per share, for a total transaction of $405,185.13. Following the completion of the transaction, the director directly owned 63 shares of the company’s stock, 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 this hyperlink. 8.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. 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 report on Friday, July 24th. Truist Financial dropped their price objective on NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Zacks Research upgraded NVR from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th. Bank of America lowered their price target on NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a report on Monday, July 20th. Finally, BTIG Research set a $7,446.00 price objective on NVR in a report on Friday, July 24th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, NVR has an average rating of “Hold” and an average price target 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.