Markel Group Inc. Purchases 13 Shares of NVR, Inc. $NVR

by · The Cerbat Gem

Markel Group Inc. raised its position in shares of NVR, Inc. (NYSE:NVR – Free Report) by 0.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,897 shares of the construction company’s stock after acquiring an additional 13 shares during the period. Markel Group Inc. owned approximately 0.41% of NVR worth $87,867,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in NVR. AdvisorNet Financial Inc bought a new stake in shares of NVR during the second quarter worth approximately $30,000. Olde Wealth Management LLC bought a new stake in shares of NVR during the first quarter worth approximately $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of NVR during the first quarter worth approximately $36,000. Ridgewood Investments LLC boosted its holdings in shares of NVR by 150.0% during the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company’s stock worth $36,000 after acquiring an additional 3 shares during the period. Finally, SouthState Corp bought a new stake in shares of NVR during the first quarter worth approximately $36,000. Institutional investors own 83.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Bank of America reduced their price objective on NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a report on Friday, October 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. UBS Group upped their target price on NVR from $8,150.00 to $8,500.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Finally, Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, NVR currently has a consensus rating of “Hold” and an average price target of $8,366.67.

Read Our Latest Report on NVR

Insider Buying and Selling at NVR

In other NVR news, CAO Matthew B. Kelpy sold 600 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the completion of the sale, the chief accounting officer owned 208 shares in the company, valued at approximately $1,684,800. This trade represents a 74.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Alexandra A. Jung sold 200 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total transaction of $1,616,488.00. Following the sale, the director owned 75 shares of the company’s stock, valued at approximately $606,183. The trade was a 72.73% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 975 shares of company stock worth $7,869,360. Insiders own 7.80% of the company’s stock.

NVR Stock Performance

NYSE NVR opened at $7,463.46 on Wednesday. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $21.42 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 10.08 and a beta of 0.94. The stock has a fifty day simple moving average of $7,992.60 and a 200 day simple moving average of $7,608.96. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,527.85.

NVR (NYSE:NVR – Get Free Report) last issued its quarterly earnings results on Wednesday, October 22nd. The construction company reported $112.33 EPS for the quarter, beating analysts’ consensus estimates of $107.88 by $4.45. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.54 billion. NVR had a net margin of 14.00% and a return on equity of 35.81%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $130.50 earnings per share. Sell-side analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

NVR Company Profile

(Free Report)

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.

Read More

Want to see what other hedge funds are holding NVR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVR, Inc. (NYSE:NVR – Free Report).