Diamond Hill Capital Management Inc. Decreases Stock Holdings in NVR, Inc. $NVR

Diamond Hill Capital Management Inc. lowered its position in shares of NVR, Inc. (NYSE:NVR) by 2.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 40,118 shares of the construction company’s stock after selling 1,102 shares during the quarter. NVR comprises about 1.5% of Diamond Hill Capital Management Inc.’s portfolio, making the stock its 29th largest position. Diamond Hill Capital Management Inc. owned about 1.40% of NVR worth $322,334,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Blue Trust Inc. lifted its stake in shares of NVR by 150.0% in the second quarter. Blue Trust Inc. now owns 5 shares of the construction company’s stock worth $37,000 after buying an additional 3 shares in the last quarter. Assetmark Inc. raised its stake in shares of NVR by 50.0% in the 2nd quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock valued at $44,000 after acquiring an additional 2 shares during the period. State of Wyoming purchased a new position in shares of NVR in the second quarter valued at approximately $44,000. CYBER HORNET ETFs LLC purchased a new stake in shares of NVR during the 2nd quarter worth $59,000. Finally, Financial Gravity Companies Inc. acquired a new position in NVR in the second quarter valued at approximately $66,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Price Performance

NYSE:NVR opened at $7,996.37 on Friday. The firm has a market cap of $22.71 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 2.58 and a beta of 1.03. The company’s 50-day moving average price is $7,534.57 and its two-hundred day moving average price is $7,707.14. The company has a quick ratio of 3.71, a current ratio of 6.21 and a debt-to-equity ratio of 0.24. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $8,618.28.

NVR (NYSE:NVR) last released its quarterly earnings results on Wednesday, January 28th. The construction company reported $121.54 EPS for the quarter, topping analysts’ consensus estimates of $105.42 by $16.12. NVR had a return on equity of 34.28% and a net margin of 13.27%.The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period in the prior year, the company earned $139.93 EPS. NVR’s revenue for the quarter was down 5.2% on a year-over-year basis. On average, equities analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NVR has been the topic of several recent analyst reports. Zelman & Associates upgraded NVR from a “sell” rating to a “hold” rating and set a $7,675.00 target price on the stock in a research report on Thursday, January 29th. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. BTIG Research assumed coverage on shares of NVR in a report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price objective for the company. Finally, UBS Group reaffirmed a “neutral” rating and set a $8,350.00 target price on shares of NVR in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $8,329.40.

Insider Activity

In related news, Director Susan Williamson Ross sold 220 shares of NVR stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $8,000.00, for a total transaction of $1,760,000.00. Following the completion of the sale, the director directly owned 386 shares of the company’s stock, valued at $3,088,000. The trade was a 36.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.00% of the stock is owned by corporate insiders.

About NVR

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.