NVR, Inc. $NVR Shares Purchased by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC increased its NVR position by 13.2% in the second quarter, owning 10,743 shares valued at approximately $73.2 million. Institutional investors collectively own 83.67% of NVR.
• NVR reported quarterly revenue of $2.34 billion, below analyst estimates of $2.40 billion, while revenue declined 10.5% year over year. The company posted $83.96 in EPS and maintains strong liquidity with a 5.28 current ratio.
• Analyst sentiment remains mixed: three analysts rate NVR a Buy and four rate it a Hold, producing an overall Hold rating and a consensus price target of $7,224.20 versus the reported share price of $6,306.62.

Hsbc Holdings PLC raised its position in NVR, Inc. (NYSE:NVR - Free Report) by 13.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,743 shares of the construction company's stock after purchasing an additional 1,249 shares during the period. Hsbc Holdings PLC owned about 0.40% of NVR worth $73,157,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of NVR during the second quarter valued at approximately $2,004,324,000. Capital Research Global Investors raised its holdings in NVR by 0.4% in the 4th quarter. Capital Research Global Investors now owns 133,554 shares of the construction company's stock valued at $973,979,000 after acquiring an additional 551 shares during the last quarter. Corient Private Wealth LLC raised its holdings in NVR by 407.5% in the 4th quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company's stock valued at $332,346,000 after acquiring an additional 36,592 shares during the last quarter. Norges Bank purchased a new position in shares of NVR during the 4th quarter worth $311,496,000. Finally, Capital World Investors lifted its stake in shares of NVR by 0.3% during the 4th quarter. Capital World Investors now owns 40,703 shares of the construction company's stock worth $296,838,000 after purchasing an additional 127 shares during the period. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVR

In other NVR news, Director George Oliver purchased 63 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The stock was purchased at an average cost of $6,431.51 per share, with a total value of $405,185.13. Following the transaction, the director owned 63 shares in the company, valued at approximately $405,185.13. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 8.60% of the company's stock.

NVR Price Performance

Shares of NVR stock opened at $6,306.62 on Tuesday. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28. The stock has a market capitalization of $16.78 billion, a P/E ratio of 16.36, a PEG ratio of 10.53 and a beta of 0.91. The company has a current ratio of 5.28, a quick ratio of 2.24 and a debt-to-equity ratio of 0.27. The business's fifty day moving average price is $6,407.09 and its 200 day moving average price is $6,491.34.

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, topping the consensus estimate of $0.90 by $83.06. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.40 billion. NVR had a return on equity of 31.02% and a net margin of 12.26%.The firm's revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the firm posted $108.54 earnings per share. As a group, research analysts anticipate that NVR, Inc. will post 367.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NVR has been the subject of a number of recent analyst reports. Zelman & Associates raised NVR from a "hold" rating to a "buy" rating in a research report on Tuesday, July 7th. BTIG Research set a $7,446.00 price target on NVR in a research note on Friday, July 24th. Zacks Research upgraded NVR from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 19th. Weiss Ratings raised shares of NVR from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, August 18th. Finally, Truist Financial cut their price objective 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. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $7,224.20.

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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