Hsbc Holdings PLC Sells 3,785 Shares of NVR, Inc. $NVR

Hsbc Holdings PLC reduced its stake in NVR, Inc. (NYSE:NVR) by 30.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,760 shares of the construction company’s stock after selling 3,785 shares during the period. Hsbc Holdings PLC owned 0.31% of NVR worth $63,975,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of NVR. M&T Bank Corp grew its stake in NVR by 34,923.5% in the 4th quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock valued at $413,777,000 after buying an additional 56,576 shares during the last quarter. Norges Bank bought a new stake in shares of NVR during the fourth quarter worth approximately $311,496,000. Corient Private Wealth LLC grew its position in shares of NVR by 407.5% in the fourth quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock valued at $332,346,000 after purchasing an additional 36,592 shares during the last quarter. Close Asset Management Ltd bought a new position in shares of NVR during the third quarter worth approximately $148,939,000. Finally, Citadel Advisors LLC lifted its holdings in NVR by 318.4% during the 3rd quarter. Citadel Advisors LLC now owns 19,215 shares of the construction company’s stock worth $154,386,000 after purchasing an additional 14,623 shares during the last quarter. 83.67% of the stock is owned by institutional investors.

NVR Stock Performance

NYSE:NVR opened at $6,357.50 on Tuesday. The company has a market cap of $17.16 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 4.78 and a beta of 0.93. NVR, Inc. has a fifty-two week low of $5,501.01 and a fifty-two week high of $8,618.28. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.67 and a current ratio of 5.19. The stock has a fifty day moving average price of $6,277.55 and a 200-day moving average price of $6,929.63.

NVR (NYSE:NVR) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 EPS for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $2.09 billion. NVR had a return on equity of 32.66% and a net margin of 12.93%.The firm’s revenue for the quarter was down 21.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $94.83 EPS. As a group, equities analysts anticipate that NVR, Inc. will post 375.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Truist Financial decreased their price objective on NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Weiss Ratings cut shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Seaport Research Partners reiterated a “sell” rating and issued a $5,664.00 price objective on shares of NVR in a research note on Tuesday, April 7th. Finally, Bank of America cut their price objective on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a report on Monday, April 20th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $7,649.33.

Insider Transactions at NVR

In other news, Director Michael J. Devito acquired 11 shares of NVR stock in a transaction on Friday, April 24th. The shares were purchased at an average cost of $6,699.50 per share, for a total transaction of $73,694.50. Following the completion of the purchase, the director directly owned 25 shares of the company’s stock, valued at approximately $167,487.50. This represents a 78.57% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 8.60% of the stock is owned by insiders.

NVR Profile

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.