Hsbc Holdings PLC Grows Stock Holdings in NVR, Inc. $NVR

Hsbc Holdings PLC lifted its holdings in NVR, Inc. (NYSE:NVR) by 8.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,494 shares of the construction company’s stock after acquiring an additional 734 shares during the quarter. Hsbc Holdings PLC’s holdings in NVR were worth $62,389,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NVR. Capital Research Global Investors lifted its position in 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 during the period. M&T Bank Corp grew its position in NVR by 34,923.5% during 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 during the period. Corient Private Wealth LLC raised its stake in shares of NVR by 407.5% during the 4th quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock valued at $332,346,000 after buying an additional 36,592 shares during the last quarter. Norges Bank purchased a new position in shares of NVR during the 4th quarter valued at about $311,496,000. Finally, Capital World Investors lifted its holdings 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 valued at $296,838,000 after buying an additional 127 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Activity at NVR

In other NVR news, Director Michael J. Devito acquired 11 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was acquired at an average cost of $6,699.50 per share, for a total transaction of $73,694.50. Following the completion of the transaction, the director directly owned 25 shares of the company’s stock, valued at $167,487.50. This 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.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NVR. Truist Financial lowered their target price on NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. BTIG Research reissued a “buy” rating and issued a $8,096.00 price target on shares of NVR in a report on Wednesday, April 22nd. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings cut shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Finally, Bank of America cut their target price on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a report on Monday, April 20th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, NVR presently has a consensus rating of “Hold” and an average target price of $7,649.33.

NVR Price Performance

NYSE:NVR opened at $6,489.54 on Monday. 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 stock’s 50-day moving average price is $6,308.72 and its 200-day moving average price is $6,816.72. The stock has a market capitalization of $17.52 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 4.81 and a beta of 0.90.

NVR (NYSE:NVR) last released 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 business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $2.09 billion. NVR had a return on equity of 32.66% and a net margin of 12.93%.The business’s revenue for the quarter was down 21.7% compared to the same quarter last year. During the same period in the previous year, the company posted $94.83 EPS. As a group, equities analysts expect that NVR, Inc. will post 372.53 EPS for the current fiscal year.

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.