NVR, Inc. $NVR Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc cut its holdings in NVR, Inc. (NYSE:NVR) by 16.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 510 shares of the construction company’s stock after selling 100 shares during the quarter. Marks Group Wealth Management Inc’s holdings in NVR were worth $3,719,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of NVR. M&T Bank Corp increased its stake in 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 during the period. Norges Bank acquired a new position in NVR in the fourth quarter valued at $311,496,000. Close Asset Management Ltd acquired a new position in NVR in the third quarter valued at $148,939,000. Citadel Advisors LLC increased its stake in NVR by 318.4% in the third quarter. Citadel Advisors LLC now owns 19,215 shares of the construction company’s stock valued at $154,386,000 after purchasing an additional 14,623 shares during the period. Finally, Newport Capital Group LLC acquired a new position in NVR in the fourth quarter valued at $106,372,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Stock Up 0.3%

Shares of NYSE NVR opened at $6,201.64 on Tuesday. The company has a quick ratio of 2.67, a current ratio of 5.19 and a debt-to-equity ratio of 0.26. NVR, Inc. has a 52 week low of $5,501.01 and a 52 week high of $8,618.28. The firm has a 50-day moving average price of $6,325.59 and a 200 day moving average price of $7,001.64. The stock has a market capitalization of $16.74 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 4.55 and a beta of 0.93.

NVR (NYSE:NVR) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $67.76 EPS 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 during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the business earned $94.83 EPS. The firm’s revenue for the quarter was down 21.7% on a year-over-year basis. Equities research analysts anticipate that NVR, Inc. will post 375.15 EPS for the current fiscal year.

NVR announced that its board has approved a share buyback program on Wednesday, February 11th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 3.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NVR. Weiss Ratings lowered shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Seaport Research Partners restated a “sell” rating and issued a $5,664.00 price objective on shares of NVR in a research note on Tuesday, April 7th. UBS Group lowered their target price on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. BTIG Research reaffirmed a “buy” rating and issued a $8,096.00 target price on shares of NVR in a report on Wednesday, April 22nd. Finally, Bank of America lowered their target price on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating on the stock in a report on Monday, April 20th. 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 company. According to MarketBeat, NVR presently has a consensus rating of “Hold” and a consensus target price of $7,649.33.

Insider Activity at NVR

In related news, Director Michael J. Devito acquired 11 shares of NVR stock in a transaction that occurred on Friday, April 24th. The stock was purchased at an average price of $6,699.50 per share, for a total transaction of $73,694.50. Following the completion of the purchase, the director directly owned 25 shares of the company’s stock, valued at approximately $167,487.50. This trade represents a 78.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.60% of the stock is owned by company insiders.

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.