Commonwealth Equity Services LLC Has $3.21 Million Stake in NVR, Inc. (NYSE:NVR)

Posted by Defense World Staff on Sep 5th, 2023

Commonwealth Equity Services LLC grew its stake in NVR, Inc. (NYSE:NVR – Free Report) by 3.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 576 shares of the construction company’s stock after buying an additional 17 shares during the period. Commonwealth Equity Services LLC’s holdings in NVR were worth $3,209,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in NVR by 50.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6 shares of the construction company’s stock worth $28,000 after acquiring an additional 2 shares during the period. Schubert & Co lifted its position in shares of NVR by 66.7% during the 1st quarter. Schubert & Co now owns 5 shares of the construction company’s stock worth $28,000 after purchasing an additional 2 shares during the last quarter. Carderock Capital Management Inc. acquired a new stake in NVR in the 1st quarter valued at approximately $39,000. Belpointe Asset Management LLC bought a new position in NVR in the 4th quarter worth approximately $46,000. Finally, MV Capital Management Inc. acquired a new position in shares of NVR during the first quarter worth approximately $72,000. Institutional investors own 84.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NVR. Deutsche Bank Aktiengesellschaft started coverage on shares of NVR in a research note on Wednesday, May 31st. They issued a “sell” rating and a $4,400.00 price objective on the stock. Bank of America boosted their price objective on shares of NVR from $6,500.00 to $7,200.00 in a report on Wednesday, July 26th. Seaport Res Ptn reiterated a “buy” rating on shares of NVR in a research note on Wednesday, June 14th. Finally, StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $5,650.00.

Get Our Latest Stock Analysis on NVR

Insider Transactions at NVR

In other NVR news, Chairman Paul C. Saville sold 500 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $6,311.71, for a total value of $3,155,855.00. Following the transaction, the chairman now directly owns 106,860 shares in the company, valued at $674,469,330.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other NVR news, Director Susan Williamson Ross sold 125 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $6,300.00, for a total transaction of $787,500.00. Following the sale, the director now owns 405 shares of the company’s stock, valued at approximately $2,551,500. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Paul C. Saville sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $6,311.71, for a total transaction of $3,155,855.00. Following the transaction, the chairman now owns 106,860 shares in the company, valued at $674,469,330.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,767 shares of company stock valued at $49,139,940. 8.60% of the stock is owned by insiders.

NVR Stock Performance

NYSE:NVR opened at $6,509.35 on Tuesday. The company has a quick ratio of 4.43, a current ratio of 7.20 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $6,254.63 and a 200 day moving average price of $5,834.88. The firm has a market capitalization of $21.22 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 3.47 and a beta of 1.04. NVR, Inc. has a 12-month low of $3,816.55 and a 12-month high of $6,525.00.

NVR (NYSE:NVR – Get Free Report) last posted its earnings results on Tuesday, July 25th. The construction company reported $116.54 EPS for the quarter, topping the consensus estimate of $103.76 by $12.78. NVR had a return on equity of 44.26% and a net margin of 16.44%. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter last year, the company earned $123.65 EPS. NVR’s revenue was down 12.5% on a year-over-year basis. Research analysts anticipate that NVR, Inc. will post 440.88 earnings per share for the current fiscal year.

NVR announced that its board has approved a stock buyback plan on Wednesday, August 2nd that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the construction company to purchase up to 2.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

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.