NVR, Inc. $NVR Shares Sold by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC cut its NVR stake by 95.3% in the second quarter, selling 2,603 shares and retaining 128 shares valued at approximately $872,000. Institutional investors collectively own 83.67% of NVR.
• NVR reported quarterly revenue of $2.34 billion, down 10.5% year over year and below estimates, while earnings per share exceeded consensus expectations. Shares opened at $6,154.26, down 1.4%.
• Analyst sentiment remains generally cautious, with the stock carrying a consensus “Hold” rating and an average price target of $7,224.20, despite one analyst upgrading NVR to “Buy.”

Squarepoint Ops LLC lessened its position in NVR, Inc. (NYSE:NVR - Free Report) by 95.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128 shares of the construction company's stock after selling 2,603 shares during the period. Squarepoint Ops LLC's holdings in NVR were worth $872,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVR. Clearstead Trust LLC acquired a new stake in NVR during the 2nd quarter worth approximately $27,000. Trust Co. of Vermont acquired a new stake in shares of NVR during the second quarter worth approximately $34,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in NVR during the 2nd quarter worth approximately $34,000. Global Retirement Partners LLC acquired a new position in shares of NVR in the 2nd quarter valued at about $41,000. Finally, Clearstead Advisors LLC lifted its stake in NVR by 75.0% in the fourth quarter. Clearstead Advisors LLC now owns 7 shares of the construction company's stock valued at $51,000 after buying an additional 3 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

NVR Trading Down 1.4%

Shares of NVR stock opened at $6,154.26 on Friday. The firm has a 50-day moving average price of $6,329.06 and a 200 day moving average price of $6,417.92. The company has a market capitalization of $16.37 billion, a P/E ratio of 15.96, a P/E/G ratio of 10.43 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, Inc. has a 12-month low of $5,501.01 and a 12-month high of $8,200.01.

NVR (NYSE:NVR - Get Free Report) last released its 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. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. The company's revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the company posted $108.54 EPS. Research analysts forecast that NVR, Inc. will post 367.13 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on NVR. UBS Group cut their price objective on NVR from $7,700.00 to $7,400.00 and set a "neutral" rating for the company in a report on Friday, July 24th. Weiss Ratings upgraded NVR from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday. Zacks Research upgraded NVR from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 19th. Truist Financial dropped 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 research note on Friday, July 24th. Finally, Zelman & Associates raised shares of NVR from a "hold" rating to a "buy" rating in a report on Tuesday, July 7th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $7,224.20.

Insider Buying and Selling

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

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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