Sumitomo Mitsui Trust Holdings Inc. Increases Holdings in NVR, Inc. (NYSE:NVR)

Posted by on Jul 19th, 2023

Sumitomo Mitsui Trust Holdings Inc. increased its stake in NVR, Inc. (NYSE:NVR – Free Report) by 2.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,151 shares of the construction company’s stock after purchasing an additional 198 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.28% of NVR worth $50,991,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Dupont Capital Management Corp grew its position in shares of NVR by 100.0% in the fourth quarter. Dupont Capital Management Corp now owns 6 shares of the construction company’s stock valued at $28,000 after purchasing an additional 3 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in NVR by 50.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6 shares of the construction company’s stock worth $28,000 after buying an additional 2 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in NVR during the fourth quarter worth about $32,000. Carderock Capital Management Inc. purchased a new position in NVR during the first quarter worth about $39,000. Finally, UMB Bank n.a. grew its position in NVR by 166.7% during the fourth quarter. UMB Bank n.a. now owns 8 shares of the construction company’s stock worth $37,000 after buying an additional 5 shares in the last quarter. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on NVR shares. Deutsche Bank Aktiengesellschaft started coverage on NVR in a research report on Wednesday, May 31st. They set a “sell” rating and a $4,400.00 target price for the company. Seaport Res Ptn restated a “buy” rating on shares of NVR in a research report on Wednesday, June 14th. Finally, StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $4,863.33.

Insider Buying and Selling

In related news, Director Susan Williamson Ross sold 125 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $5,891.65, for a total value of $736,456.25. Following the sale, the director now owns 405 shares in the company, valued at approximately $2,386,118.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Daniel David Malzahn sold 63 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $5,855.45, for a total value of $368,893.35. Following the transaction, the chief financial officer now directly owns 9,204 shares of the company’s stock, valued at approximately $53,893,561.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan Williamson Ross sold 125 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $5,891.65, for a total value of $736,456.25. Following the completion of the transaction, the director now directly owns 405 shares in the company, valued at $2,386,118.25. The disclosure for this sale can be found here. Insiders have sold 13,310 shares of company stock worth $77,730,646 in the last 90 days. Insiders own 8.60% of the company’s stock.

NVR Stock Up 1.0 %

NVR stock opened at $6,470.62 on Wednesday. NVR, Inc. has a fifty-two week low of $3,816.55 and a fifty-two week high of $6,470.87. The business’s 50 day moving average price is $5,958.18 and its two-hundred day moving average price is $5,535.46. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.63 and a current ratio of 5.75. The company has a market capitalization of $21.03 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 3.69 and a beta of 1.02.

NVR (NYSE:NVR – Get Free Report) last posted its earnings results on Tuesday, April 25th. The construction company reported $99.89 earnings per share for the quarter, topping analysts’ consensus estimates of $88.96 by $10.93. NVR had a return on equity of 48.97% and a net margin of 16.20%. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the business earned $116.56 EPS. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. As a group, analysts forecast that NVR, Inc. will post 408.58 earnings per share for the current fiscal year.

About NVR

(Free Report)

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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