NVR, Inc. $NVR Stock Position Decreased by Qube Research & Technologies Ltd

by · The Cerbat Gem

Qube Research & Technologies Ltd trimmed its stake in NVR, Inc. (NYSE:NVR – Free Report) by 8.0% during the second quarter, HoldingsChannel.com reports. The fund owned 15,870 shares of the construction company’s stock after selling 1,371 shares during the period. Qube Research & Technologies Ltd’s holdings in NVR were worth $117,210,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. AdvisorNet Financial Inc purchased a new position in NVR in the 2nd quarter worth about $30,000. SouthState Corp purchased a new stake in NVR during the first quarter valued at about $36,000. Blue Trust Inc. boosted its holdings in shares of NVR by 150.0% in the second quarter. Blue Trust Inc. now owns 5 shares of the construction company’s stock worth $37,000 after buying an additional 3 shares during the period. Zions Bancorporation National Association UT acquired a new position in shares of NVR in the first quarter worth about $43,000. Finally, Assetmark Inc. increased its position in shares of NVR by 50.0% in the second quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock worth $44,000 after acquiring an additional 2 shares in the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

NVR Price Performance

Shares of NYSE:NVR opened at $7,514.20 on Thursday. The firm has a market cap of $21.34 billion, a price-to-earnings ratio of 16.49, a P/E/G ratio of 9.86 and a beta of 1.01. The company has a current ratio of 5.96, a quick ratio of 3.16 and a debt-to-equity ratio of 0.23. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $8,989.75. The business has a fifty day simple moving average of $7,478.85 and a 200 day simple moving average of $7,646.85.

NVR (NYSE:NVR – Get Free Report) last released its quarterly earnings data on Wednesday, October 22nd. The construction company reported $112.33 EPS for the quarter, topping analysts’ consensus estimates of $107.88 by $4.45. NVR had a return on equity of 35.89% and a net margin of 14.00%.The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the prior year, the company posted $130.50 earnings per share. The firm’s revenue was down 4.5% on a year-over-year basis. As a group, sell-side analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Insider Activity at NVR

In related news, Director Michael J. Devito acquired 14 shares of the stock in a transaction dated Monday, November 3rd. The shares were acquired at an average price of $7,068.05 per share, with a total value of $98,952.70. Following the acquisition, the director owned 14 shares in the company, valued at approximately $98,952.70. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 7.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on NVR. UBS Group upped their price target on shares of NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a research report on Thursday, October 23rd. BTIG Research began coverage on shares of NVR in a research note on Monday, December 1st. They set a “buy” rating and a $9,022.00 target price on the stock. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a research report on Wednesday, October 8th. Finally, Bank of America dropped their price target on NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a research report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $8,530.50.

Read Our Latest Research Report on NVR

NVR Profile

(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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