Corient Private Wealth LP Sells 532 Shares of NVR, Inc. $NVR

Key Points

• Corient Private Wealth reduced its NVR stake by 5.8% in the second quarter, selling 532 shares and retaining 8,592 shares valued at approximately $58.5 million. Institutional investors collectively own 83.67% of NVR.
• NVR shares opened at $6,170.58, below their 50-day and 200-day moving averages. The company’s latest quarterly revenue fell 10.5% year over year to $2.34 billion, while analysts expect full-year EPS of $367.13.
• Analyst sentiment remains mixed, with three Buy ratings and four Holds, producing an overall Hold consensus and an average price target of $7,224.20. Director George Oliver separately purchased 63 shares at an average price of $6,431.51.

Corient Private Wealth LP lowered its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 5.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,592 shares of the construction company's stock after selling 532 shares during the period. Corient Private Wealth LP owned 0.32% of NVR worth $58,541,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Clearstead Trust LLC bought a new stake in shares of NVR during the 2nd quarter valued at $27,000. DV Equities LLC bought a new position in NVR in the 4th quarter worth about $29,000. Strive Financial Group LLC purchased a new position in NVR during the 4th quarter valued at about $29,000. Trust Co. of Vermont purchased a new position in NVR during the 2nd quarter valued at about $34,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of NVR during the second quarter valued at about $34,000. 83.67% of the stock is owned by institutional investors.

NVR Price Performance

Shares of NYSE NVR opened at $6,170.58 on Friday. The stock's 50-day simple moving average is $6,360.47 and its two-hundred day simple moving average is $6,459.84. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,544.39. The firm has a market capitalization of $16.41 billion, a P/E ratio of 16.00, a P/E/G ratio of 10.30 and a beta of 0.91. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $83.06. NVR had a return on equity of 31.02% and a net margin of 12.26%.The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the company posted $108.54 EPS. The company's revenue for the quarter was down 10.5% on a year-over-year basis. As a group, equities analysts anticipate that NVR, Inc. will post 367.13 EPS for the current fiscal year.

Analysts Set New Price Targets

NVR has been the topic of a number of recent analyst reports. Truist Financial lowered their price target on shares of NVR from $6,600.00 to $6,400.00 and set a "hold" rating on the stock in a report on Friday, July 24th. Zelman & Associates raised shares of NVR from a "hold" rating to a "buy" rating in a research note on Tuesday, July 7th. BTIG Research set a $7,446.00 target price on shares of NVR in a report on Friday, July 24th. Zacks Research upgraded shares of NVR from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 19th. Finally, Bank of America cut their price target on shares of NVR from $7,600.00 to $7,200.00 and set a "buy" rating for the company in a report on Monday, July 20th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $7,224.20.

Insiders Place Their Bets

In related news, Director George Oliver bought 63 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were acquired at an average cost of $6,431.51 per share, with a total value of $405,185.13. Following the completion of the purchase, the director directly owned 63 shares of the company's stock, valued at $405,185.13. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 8.60% of the stock is owned by corporate insiders.

About NVR

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs, constructs and sells single-family homes, townhomes and condominiums under the Ryan Homes, NVHomes and Heartland Homes brands.

NVR primarily serves homebuyers in the Mid-Atlantic, Midwest and Southeast regions of the United States. Its communities are developed in a range of suburban and urban markets, with homes generally marketed to first-time, move-up and luxury buyers.

Through its mortgage banking operations, NVR provides mortgage loans and related services to many of the customers who purchase its homes.

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