Pathstone Family Office LLC Purchases 129 Shares of NVR, Inc. (NYSE:NVR)

Posted by on Mar 13th, 2023

Pathstone Family Office LLC lifted its position in shares of NVR, Inc. (NYSE:NVR – Get Rating) by 120.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 236 shares of the construction company’s stock after purchasing an additional 129 shares during the period. Pathstone Family Office LLC’s holdings in NVR were worth $941,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Ellevest Inc. increased its stake in shares of NVR by 100.0% during the third quarter. Ellevest Inc. now owns 12 shares of the construction company’s stock worth $48,000 after purchasing an additional 6 shares during the period. Quadrant Capital Group LLC increased its stake in shares of NVR by 36.4% during the third quarter. Quadrant Capital Group LLC now owns 15 shares of the construction company’s stock worth $60,000 after purchasing an additional 4 shares during the period. Wipfli Financial Advisors LLC bought a new position in shares of NVR during the third quarter worth approximately $76,000. Castleview Partners LLC increased its stake in shares of NVR by 425,338.8% during the second quarter. Castleview Partners LLC now owns 340,351 shares of the construction company’s stock worth $85,000 after purchasing an additional 340,271 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of NVR during the third quarter worth approximately $88,000. Institutional investors own 82.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. KeyCorp raised their price objective on NVR from $5,120.00 to $6,000.00 and gave the stock an “overweight” rating in a research note on Monday, February 6th. JPMorgan Chase & Co. raised their price objective on NVR from $4,310.00 to $5,000.00 in a research note on Tuesday, November 22nd. Finally, StockNews.com upgraded NVR from a “hold” rating to a “buy” rating in a research note on Wednesday, December 14th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $4,956.00.

Insider Activity at NVR

In related news, CEO Eugene James Bredow sold 2,000 shares of the firm’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $5,130.00, for a total transaction of $10,260,000.00. Following the sale, the chief executive officer now owns 1,451 shares of the company’s stock, valued at approximately $7,443,630. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other NVR news, CFO Daniel David Malzahn sold 100 shares of NVR stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $5,213.22, for a total transaction of $521,322.00. Following the transaction, the chief financial officer now directly owns 6,976 shares of the company’s stock, valued at approximately $36,367,422.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eugene James Bredow sold 2,000 shares of NVR stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $5,130.00, for a total value of $10,260,000.00. Following the transaction, the chief executive officer now directly owns 1,451 shares in the company, valued at $7,443,630. The disclosure for this sale can be found here. Insiders have sold a total of 7,327 shares of company stock valued at $38,173,143 in the last 90 days. 10.60% of the stock is owned by corporate insiders.

NVR Trading Down 1.4 %

Shares of NVR stock opened at $5,235.47 on Monday. The stock’s fifty day moving average price is $5,066.87 and its two-hundred day moving average price is $4,578.98. The company has a market cap of $17.02 billion, a PE ratio of 10.64, a P/E/G ratio of 3.12 and a beta of 0.98. NVR, Inc. has a fifty-two week low of $3,576.01 and a fifty-two week high of $5,500.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.50 and a current ratio of 5.64.

NVR (NYSE:NVR – Get Rating) last issued its earnings results on Tuesday, January 31st. The construction company reported $133.44 earnings per share for the quarter, beating analysts’ consensus estimates of $98.88 by $34.56. NVR had a return on equity of 56.08% and a net margin of 16.71%. The firm had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.48 billion. During the same quarter last year, the business posted $89.09 EPS. The company’s revenue was up 22.6% compared to the same quarter last year. Equities analysts predict that NVR, Inc. will post 394.77 EPS for the current fiscal year.

NVR Profile

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NVR, Inc engages in the construction and sale of single-family detached homes, townhomes and condominium buildings. It operates through the following geographical segments: Mid Atlantic, North East, Mid East, and South East. The company was founded in 1980 and is headquartered in Reston, VA.

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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