NVR, Inc. $NVR Shares Sold by Magnolia Group LLC

Magnolia Group LLC lessened its holdings in NVR, Inc. (NYSE:NVR) by 69.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 350 shares of the construction company’s stock after selling 780 shares during the period. NVR comprises approximately 0.7% of Magnolia Group LLC’s holdings, making the stock its 19th biggest holding. Magnolia Group LLC’s holdings in NVR were worth $2,154,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Maryland State Retirement & Pension System boosted its position in shares of NVR by 15.7% in the third quarter. Maryland State Retirement & Pension System now owns 162 shares of the construction company’s stock worth $997,000 after buying an additional 22 shares during the period. Ritholtz Wealth Management raised its holdings in shares of NVR by 2.2% during the 3rd quarter. Ritholtz Wealth Management now owns 549 shares of the construction company’s stock valued at $3,379,000 after buying an additional 12 shares during the period. Jefferies Financial Group Inc. raised its holdings in shares of NVR by 203.5% during the 3rd quarter. Jefferies Financial Group Inc. now owns 516 shares of the construction company’s stock valued at $3,176,000 after buying an additional 346 shares during the period. Machina Capital S.A.S. lifted its position in NVR by 8.4% during the 3rd quarter. Machina Capital S.A.S. now owns 389 shares of the construction company’s stock worth $2,394,000 after acquiring an additional 30 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its position in NVR by 8.5% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 2,501 shares of the construction company’s stock worth $15,392,000 after acquiring an additional 196 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Price Performance

NVR stock opened at $5,899.54 on Thursday. The company has a quick ratio of 2.02, a current ratio of 5.07 and a debt-to-equity ratio of 0.26. NVR, Inc. has a 52-week low of $5,501.01 and a 52-week high of $8,200.00. The stock’s 50 day moving average is $6,094.04 and its two-hundred day moving average is $6,499.79. The company has a market capitalization of $15.63 billion, a PE ratio of 16.27 and a beta of 0.93.

NVR (NYSE:NVR) last released its earnings results on Thursday, October 22nd. The construction company reported $89.45 EPS for the quarter, missing the consensus estimate of $102.77 by ($13.32). NVR had a net margin of 11.51% and a return on equity of 29.53%. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter last year, the company posted $112.33 earnings per share. The business’s quarterly revenue was down 8.2% compared to the same quarter last year. Analysts predict that NVR, Inc. will post 345.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NVR. Bank of America downgraded shares of NVR from a “buy” rating to an “underperform” rating and set a $5,900.00 price objective for the company. in a research report on Friday, October 23rd. Morgan Stanley reduced their target price on shares of NVR from $5,058.00 to $4,864.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 3rd. Zacks Research cut shares of NVR from a “hold” rating to a “strong sell” rating in a research report on Monday, September 21st. Truist Financial decreased their target price on shares of NVR from $6,600.00 to $6,400.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Finally, UBS Group raised their price target on shares of NVR from $7,400.00 to $7,425.00 and gave the company a “neutral” rating in a report on Friday, October 23rd. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $6,564.83.

About NVR

NVR, Inc. is a homebuilding and mortgage banking company. Through its homebuilding operations, it designs and constructs single-family homes and townhomes for buyers across a range of price points. The company markets homes under the Ryan Homes, NVHomes and Heartland Homes brands. Its homebuilding business serves communities in multiple regions of the United States, including the Mid-Atlantic, Northeast, Southeast and Midwest. NVR also provides mortgage banking and related services to homebuyers through its mortgage operations.