Sumitomo Mitsui Trust Group Inc. Sells 208 Shares of NVR, Inc. $NVR

Key Points

• Sumitomo Mitsui Trust Group cut its NVR stake by 3% in the second quarter, selling 208 shares and retaining 6,726 shares valued at approximately $45.8 million. Institutional investors collectively own 83.67% of NVR.
• NVR reported quarterly revenue of $2.34 billion, down 10.5% year over year and below analyst estimates of $2.40 billion. The company posted a 12.26% net margin and 31.02% return on equity.
• Analysts have lowered several price targets, with ratings split among Buy, Hold and Sell; MarketBeat’s consensus remains Hold, with an average target of $7,224.20 versus a recent share price of $6,378.62.

Sumitomo Mitsui Trust Group Inc. reduced its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 3.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,726 shares of the construction company's stock after selling 208 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.25% of NVR worth $45,827,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. M&T Bank Corp raised its position in NVR by 34,923.5% in the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company's stock worth $413,777,000 after purchasing an additional 56,576 shares in the last quarter. Norges Bank bought a new position in NVR during the fourth quarter worth about $311,496,000. Corient Private Wealth LLC boosted its holdings in NVR by 407.5% during the fourth quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company's stock valued at $332,346,000 after purchasing an additional 36,592 shares in the last quarter. First Trust Advisors LP boosted its holdings in NVR by 879.9% during the first quarter. First Trust Advisors LP now owns 24,418 shares of the construction company's stock valued at $160,911,000 after purchasing an additional 21,926 shares in the last quarter. Finally, Newport Capital Group LLC acquired a new stake in NVR during the fourth quarter valued at approximately $106,372,000. Institutional investors own 83.67% of the company's stock.

NVR Price Performance

NYSE:NVR opened at $6,378.62 on Friday. 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 market cap of $16.97 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 10.38 and a beta of 0.91. NVR, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,618.28. The company's 50-day moving average price is $6,449.03 and its two-hundred day moving average price is $6,663.09.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share for the quarter, topping the consensus estimate of $0.90 by $83.06. NVR had a net margin of 12.26% and a return on equity of 31.02%. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the business posted $108.54 earnings per share. The company's revenue was down 10.5% on a year-over-year basis. On average, equities analysts anticipate that NVR, Inc. will post 371.98 EPS for the current fiscal year.

Analysts Set New Price Targets

NVR has been the subject of a number of recent research reports. Bank of America dropped 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. UBS Group decreased their price target on NVR from $7,700.00 to $7,400.00 and set a "neutral" rating on the stock in a research note on Friday, July 24th. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a "sell (d+)" rating on shares of NVR in a research report on Tuesday, August 4th. Finally, Truist Financial dropped their price objective on NVR from $6,600.00 to $6,400.00 and set a "hold" rating for the company in a research note on Friday, July 24th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $7,224.20.

Insider Buying and Selling

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 shares were acquired at an average cost of $6,431.51 per share, for a total transaction of $405,185.13. Following the transaction, the director directly owned 63 shares in the company, valued at approximately $405,185.13. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 8.60% of the stock is currently owned by company insiders.

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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