Magnolia Group LLC Invests $3.23 Million in NVR, Inc. $NVR

Magnolia Group LLC acquired a new stake in NVR, Inc. (NYSE:NVR) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 490 shares of the construction company’s stock, valued at approximately $3,229,000. NVR accounts for about 0.6% of Magnolia Group LLC’s holdings, making the stock its 12th biggest position.

Several other large investors have also bought and sold shares of NVR. CI Investments Inc. grew its holdings in NVR by 13.3% during the third quarter. CI Investments Inc. now owns 17 shares of the construction company’s stock worth $137,000 after acquiring an additional 2 shares during the period. Castleview Partners LLC lifted its holdings in NVR by 2.8% in the 4th quarter. Castleview Partners LLC now owns 74 shares of the construction company’s stock valued at $540,000 after acquiring an additional 2 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of NVR by 0.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 425 shares of the construction company’s stock valued at $3,099,000 after purchasing an additional 2 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of NVR by 3.9% during the 4th quarter. International Assets Investment Management LLC now owns 53 shares of the construction company’s stock valued at $387,000 after purchasing an additional 2 shares in the last quarter. Finally, Ballentine Partners LLC grew its stake in shares of NVR by 4.9% in the 4th quarter. Ballentine Partners LLC now owns 43 shares of the construction company’s stock worth $314,000 after purchasing an additional 2 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.

NVR Trading Up 1.4%

NYSE:NVR opened at $6,738.57 on Friday. 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 1-year low of $5,501.01 and a 1-year high of $8,618.28. The firm has a market capitalization of $18.19 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 4.93 and a beta of 0.90. The stock has a fifty day simple moving average of $6,255.81 and a 200 day simple moving average of $6,886.17.

NVR (NYSE:NVR) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.09 billion. NVR had a return on equity of 32.66% and a net margin of 12.93%.The company’s revenue for the quarter was down 21.7% compared to the same quarter last year. During the same period in the prior year, the business posted $94.83 EPS. Sell-side analysts forecast that NVR, Inc. will post 372.53 earnings per share for the current year.

Wall Street Analyst Weigh In

NVR has been the topic of a number of research reports. Weiss Ratings downgraded shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. BTIG Research restated a “buy” rating and set a $8,096.00 target price on shares of NVR in a report on Wednesday, April 22nd. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Seaport Research Partners restated a “sell” rating and issued a $5,664.00 price target on shares of NVR in a research report on Tuesday, April 7th. Finally, Truist Financial dropped their price target on NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $7,649.33.

Insider Activity at NVR

In other news, Director Michael J. Devito bought 11 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were acquired at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the completion of the transaction, the director directly owned 25 shares in the company, valued at approximately $167,487.50. The trade was a 78.57% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.60% of the stock is currently owned by insiders.

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.