Vanguard Group Inc. Has $2.67 Billion Stock Holdings in NVR, Inc. $NVR

Vanguard Group Inc. trimmed its holdings in shares of NVR, Inc. (NYSE:NVR) by 1.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 332,895 shares of the construction company’s stock after selling 3,306 shares during the period. Vanguard Group Inc. owned approximately 11.60% of NVR worth $2,674,698,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC increased its holdings in shares of NVR by 68.9% in the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock valued at $622,000 after purchasing an additional 31 shares during the period. Woodline Partners LP increased its stake in NVR by 28.4% in the 1st quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock valued at $1,833,000 after buying an additional 56 shares during the period. Sequoia Financial Advisors LLC lifted its position in NVR by 8.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 40 shares of the construction company’s stock worth $295,000 after buying an additional 3 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of NVR by 8.4% during the 2nd quarter. Nordea Investment Management AB now owns 259 shares of the construction company’s stock valued at $1,902,000 after buying an additional 20 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of NVR by 0.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,532 shares of the construction company’s stock valued at $18,725,000 after buying an additional 11 shares during the period. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Price Performance

Shares of NYSE:NVR opened at $7,519.87 on Thursday. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $8,618.28. The business has a 50-day moving average of $7,575.18 and a two-hundred day moving average of $7,707.22. The stock has a market capitalization of $20.98 billion, a P/E ratio of 17.20, a P/E/G ratio of 2.49 and a beta of 1.03. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.21 and a quick ratio of 3.71.

NVR (NYSE:NVR) last issued its quarterly earnings data on Wednesday, January 28th. The construction company reported $121.54 EPS for the quarter, beating 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 $2.74 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the firm posted $139.93 EPS. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. On average, equities research analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its board has initiated a share buyback plan on Wednesday, February 11th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 3.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have recently weighed in on NVR. UBS Group set a $8,100.00 price target on shares of NVR in a research note on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd. Zelman & Associates raised NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price target for the company in a research note on Thursday, January 29th. BTIG Research assumed coverage on NVR in a research note on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price target for the company. Finally, Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, NVR presently has an average rating of “Moderate Buy” and an average price target of $8,279.40.

Insiders Place Their Bets

In related news, CAO Matthew B. Kelpy sold 500 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the transaction, the chief accounting officer directly owned 208 shares in the company, valued at approximately $1,684,800. This trade represents a 70.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Susan Williamson Ross sold 200 shares of NVR stock in a transaction on Friday, February 13th. The stock was sold at an average price of $7,922.06, for a total transaction of $1,584,412.00. Following the completion of the transaction, the director owned 386 shares in the company, valued at $3,057,915.16. This trade represents a 34.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,120 shares of company stock valued at $9,012,736 over the last 90 days. 7.00% of the stock is owned by corporate 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.