Hsbc Holdings PLC Raises Stock Position in NVR, Inc. $NVR

Key Points

• HSBC Holdings PLC increased its stake in NVR by 8.4% in the first quarter, bringing its holdings to 9,494 shares worth about $62.4 million.
• NVR’s latest quarterly results came in below expectations, with EPS of $67.76 versus estimates of $79.97 and revenue of $1.91 billion versus $2.09 billion expected; revenue also fell 21.7% year over year.
• Analyst sentiment is mixed but cautious: the stock has an overall Hold rating, with price targets recently adjusted by several firms and an average target price of $7,649.33.

Hsbc Holdings PLC increased its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 8.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,494 shares of the construction company's stock after acquiring an additional 734 shares during the quarter. Hsbc Holdings PLC owned about 0.34% of NVR worth $62,389,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. DV Equities LLC purchased a new position in NVR in the fourth quarter worth $29,000. Strive Financial Group LLC purchased a new stake in shares of NVR during the 4th quarter valued at $29,000. Oakworth Capital Inc. purchased a new stake in shares of NVR during the 4th quarter valued at $36,000. State of Wyoming acquired a new stake in shares of NVR in the 2nd quarter worth $44,000. Finally, USA Financial Formulas boosted its position in shares of NVR by 75.0% in the 4th quarter. USA Financial Formulas now owns 7 shares of the construction company's stock worth $51,000 after purchasing an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

Analysts Set New Price Targets

NVR has been the topic of several recent analyst reports. Bank of America reduced their target price on NVR from $8,600.00 to $8,225.00 and set a "buy" rating on the stock in a research report on Monday, April 20th. Zelman & Associates raised NVR from a "hold" rating to a "buy" rating in a report on Tuesday, July 7th. BTIG Research restated a "buy" rating and set a $8,096.00 price target on shares of NVR in a research note on Wednesday, April 22nd. UBS Group cut their price objective on shares of NVR from $8,100.00 to $7,700.00 and set a "neutral" rating on the stock in a report on Thursday, April 23rd. Finally, Weiss Ratings lowered shares of NVR from a "hold (c)" rating to a "sell (d+)" rating in a research report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $7,649.33.

Insider Buying and Selling at NVR

In other news, Director Michael J. Devito acquired 11 shares of the business's stock in a transaction dated Friday, April 24th. The shares were acquired at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the completion of the acquisition, the director owned 25 shares of the company's stock, valued at approximately $167,487.50. This trade represents a 78.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 8.60% of the company's stock.

NVR Price Performance

Shares of NVR opened at $6,489.54 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.19 and a quick ratio of 2.67. The company's fifty day moving average price is $6,308.72 and its 200-day moving average price is $6,816.72. NVR, Inc. has a 1-year low of $5,501.01 and a 1-year high of $8,618.28. The firm has a market capitalization of $17.52 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 4.81 and a beta of 0.90.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $79.97 by ($12.21). NVR had a return on equity of 32.66% and a net margin of 12.93%.The firm had revenue of $1.91 billion during the quarter, compared to analysts' expectations of $2.09 billion. During the same quarter last year, the business earned $94.83 EPS. The business's revenue was down 21.7% on a year-over-year basis. On average, equities research analysts predict that NVR, Inc. will post 372.53 EPS for the current year.

NVR Company 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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