Wellington Management Group LLP Decreases Holdings in NVR, Inc. $NVR

Wellington Management Group LLP lowered its position in NVR, Inc. (NYSE:NVR) by 2.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,426 shares of the construction company’s stock after selling 769 shares during the period. Wellington Management Group LLP’s holdings in NVR were worth $207,305,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NVR. BlackRock Inc. acquired a new stake in NVR in the 2nd quarter valued at about $2,004,324,000. Norges Bank purchased a new position in NVR during the 4th quarter valued at about $311,496,000. Corient Private Wealth LLC raised its position in 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 acquiring an additional 36,592 shares during the last quarter. Caisse de depot et placement du Quebec purchased a new stake in shares of NVR in the second quarter valued at about $194,114,000. Finally, First Trust Advisors LP grew its position in shares of NVR by 879.9% in the first quarter. First Trust Advisors LP now owns 24,418 shares of the construction company’s stock valued at $160,911,000 after purchasing an additional 21,926 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

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 purchased at an average cost of $6,431.51 per share, with a total value of $405,185.13. Following the completion of the transaction, the director directly owned 63 shares in the company, valued at approximately $405,185.13. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.60% of the company’s stock.

NVR Stock Performance

Shares of NYSE:NVR opened at $6,311.96 on Tuesday. The business has a 50-day moving average of $6,447.25 and a two-hundred day moving average of $6,540.84. The firm has a market capitalization of $16.79 billion, a PE ratio of 16.37, a P/E/G ratio of 10.69 and a beta of 0.91. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.28 and a quick ratio of 2.24. NVR, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,618.28.

NVR (NYSE:NVR) last released its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, beating the consensus estimate of $0.90 by $83.06. NVR had a return on equity of 31.02% and a net margin of 12.26%.The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the company posted $108.54 EPS. The company’s revenue was down 10.5% compared to the same quarter last year. As a group, research analysts forecast that NVR, Inc. will post 367.13 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NVR. Truist Financial dropped their price objective on shares of 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. Weiss Ratings upgraded NVR from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 18th. Zelman & Associates raised NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Bank of America reduced their price objective on NVR from $7,600.00 to $7,200.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Finally, Zacks Research raised NVR from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 19th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $7,224.20.

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.