NVR, Inc. $NVR Stock Sold by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its NVR stake by 99.3% in the third quarter, selling 5,299 shares and retaining just 40 shares valued at approximately $246,000.
• Institutional ownership remains high at 83.67%, with Berkshire Hathaway, BlackRock and other major investors establishing or adding positions during the second quarter.
• Analyst sentiment is mixed but leans toward “Hold”: NVR has an average price target of $6,809.67, while recent targets were lowered and ratings included three Buys, three Holds and two Sells.

Curated Wealth Partners LLC lowered its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 99.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40 shares of the construction company's stock after selling 5,299 shares during the quarter. Curated Wealth Partners LLC's holdings in NVR were worth $246,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Berkshire Hathaway Inc acquired a new stake in NVR during the second quarter valued at approximately $75,711,000. BlackRock Inc. bought a new stake in shares of NVR in the 2nd quarter valued at approximately $2,004,324,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of NVR in the 2nd quarter valued at approximately $44,887,000. Wealthfront Advisers LLC acquired a new position in shares of NVR in the 2nd quarter worth approximately $1,949,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of NVR in the 2nd quarter worth approximately $9,225,000. Institutional investors and hedge funds own 83.67% of the company's stock.

Analysts Set New Price Targets

NVR has been the subject of several analyst reports. Truist Financial cut their target price on NVR from $6,600.00 to $6,400.00 and set a "hold" rating for the company in a research report on Friday, July 24th. Wall Street Zen lowered NVR from a "hold" rating to a "sell" rating in a research note on Saturday, October 3rd. Morgan Stanley assumed coverage on NVR in a research report on Thursday, October 1st. They issued an "underweight" rating and a $5,058.00 price target on the stock. Weiss Ratings cut NVR from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, October 2nd. Finally, Bank of America dropped their price objective on NVR from $7,600.00 to $7,200.00 and set a "buy" rating for the company in a research note on Monday, July 20th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, NVR currently has an average rating of "Hold" and an average target price of $6,809.67.

Insider Buying and Selling at NVR

In other news, Director George Oliver acquired 63 shares of the company's stock in a transaction dated Friday, August 7th. The stock was bought at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the completion of the acquisition, the director owned 63 shares in the company, valued at approximately $405,185.13. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 8.60% of the company's stock.

NVR Trading Up 0.1%

Shares of NVR stock opened at $5,924.13 on Monday. NVR, Inc. has a 12-month low of $5,501.01 and a 12-month high of $8,200.00. The company has a market capitalization of $15.76 billion, a P/E ratio of 15.36 and a beta of 0.90. The firm has a 50-day moving average price of $6,203.02 and a 200 day moving average price of $6,325.08. 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 released its quarterly earnings results on Thursday, July 23rd. The construction company reported $83.96 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $83.06. The firm 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%. The company's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $108.54 earnings per share. Research analysts forecast that NVR, Inc. will post 361.98 earnings per share for the current fiscal year.

NVR Company Profile

NVR, Inc is a homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its homebuilding operations, the company designs and constructs single-family detached homes, townhomes and condominiums for buyers in a range of residential markets.

NVR markets homes primarily under the Ryan Homes, NVHomes and Heartland Homes brands. Ryan Homes generally serves a broad range of buyers, while NVHomes focuses on higher-end communities. The company's homebuilding operations serve selected markets across the Mid-Atlantic, Midwest and Southeast regions of the United States.

Through NVR Mortgage, the company provides mortgage loan origination services to many of its homebuyers.

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