Hsbc Holdings PLC Invests $73.16 Million in NVR, Inc. $NVR

Key Points

• Hsbc Holdings PLC acquired a new $73.16 million stake in NVR during the second quarter, purchasing 10,743 shares and owning approximately 0.40% of the homebuilder. Institutional investors collectively hold 83.67% of NVR’s stock.
• Analysts maintain a generally cautious outlook, with NVR carrying a consensus “Hold” rating and an average price target of $7,224.20. Recent target changes included reductions from Bank of America and Truist Financial.
• NVR’s latest quarter showed pressure from weaker homebuilding demand: revenue fell 10.5% year over year to $2.34 billion, below estimates, while earnings declined from $108.54 to $83.96 per share.

Hsbc Holdings PLC acquired a new stake in NVR, Inc. (NYSE:NVR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,743 shares of the construction company's stock, valued at approximately $73,157,000. Hsbc Holdings PLC owned about 0.40% of NVR as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in NVR by 68.9% in the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company's stock worth $622,000 after purchasing an additional 31 shares during the period. Woodline Partners LP raised its holdings in shares of NVR by 28.4% during the first quarter. Woodline Partners LP now owns 253 shares of the construction company's stock worth $1,833,000 after purchasing an additional 56 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of NVR by 100.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 10 shares of the construction company's stock worth $75,000 after buying an additional 5 shares during the last quarter. Cerity Partners LLC lifted its position in shares of NVR by 7.9% in the 2nd quarter. Cerity Partners LLC now owns 409 shares of the construction company's stock worth $3,021,000 after buying an additional 30 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of NVR by 3.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 449 shares of the construction company's stock valued at $3,316,000 after buying an additional 16 shares during the period. Institutional investors and hedge funds own 83.67% of the company's stock.

Insider Transactions at NVR

In other NVR news, Director George Oliver acquired 63 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The stock was acquired at an average cost of $6,431.51 per share, with a total value of $405,185.13. Following the acquisition, the director directly owned 63 shares of the company's stock, valued at $405,185.13. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on NVR. BTIG Research set a $7,446.00 price objective on shares of NVR in a research note on Friday, July 24th. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. Bank of America lowered their target price on NVR from $7,600.00 to $7,200.00 and set a "buy" rating for the company in a report on Monday, July 20th. Truist Financial dropped their price target on NVR from $6,600.00 to $6,400.00 and set a "hold" rating on the stock in a research report on Friday, July 24th. Finally, Zacks Research raised NVR from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 19th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $7,224.20.

NVR Trading Down 1.1%

NVR stock opened at $6,365.53 on Thursday. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $6,451.89 and a two-hundred day moving average price of $6,575.30. The firm has a market capitalization of $16.93 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 10.75 and a beta of 0.91. NVR, Inc. has a 52-week low of $5,501.01 and a 52-week high of $8,618.28.

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

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.

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