Schroder Investment Management Group Acquires 3,380 Shares of NVR, Inc. $NVR

Schroder Investment Management Group grew its stake in shares of NVR, Inc. (NYSE:NVR) by 61.0% in the third quarter, Holdings Channel reports. The firm owned 8,922 shares of the construction company’s stock after acquiring an additional 3,380 shares during the period. Schroder Investment Management Group’s holdings in NVR were worth $72,225,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NVR. Boston Partners increased its stake in NVR by 9.9% in the 2nd quarter. Boston Partners now owns 64,952 shares of the construction company’s stock worth $479,900,000 after buying an additional 5,875 shares during the period. Principal Financial Group Inc. increased its position in shares of NVR by 4.0% during the third quarter. Principal Financial Group Inc. now owns 60,307 shares of the construction company’s stock worth $484,546,000 after acquiring an additional 2,331 shares during the period. JPMorgan Chase & Co. increased its position in shares of NVR by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 43,318 shares of the construction company’s stock worth $348,051,000 after acquiring an additional 1,718 shares during the period. Invesco Ltd. raised its stake in shares of NVR by 7.5% during the second quarter. Invesco Ltd. now owns 37,668 shares of the construction company’s stock valued at $278,203,000 after acquiring an additional 2,629 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of NVR by 7.0% during the third quarter. Dimensional Fund Advisors LP now owns 37,420 shares of the construction company’s stock valued at $300,670,000 after acquiring an additional 2,453 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

NVR Trading Down 1.2%

Shares of NYSE:NVR opened at $6,786.14 on Wednesday. The company has a market capitalization of $18.93 billion, a PE ratio of 15.52, a P/E/G ratio of 2.34 and a beta of 1.04. The company has a current ratio of 6.21, a quick ratio of 3.71 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. The business’s fifty day simple moving average is $7,531.58 and its 200-day simple moving average is $7,631.61.

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

NVR announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 11th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at NVR

In other NVR news, Director Susan Williamson Ross sold 220 shares of the stock in a transaction dated Wednesday, February 4th. The shares were 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 approximately $3,088,000. This represents a 36.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew B. Kelpy sold 500 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,050,000.00. Following the completion of the sale, the chief accounting officer owned 208 shares in the company, valued at $1,684,800. This represents a 70.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,120 shares of company stock valued at $9,012,736 over the last quarter. 7.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. BTIG Research initiated coverage on NVR in a research note on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price objective on the stock. Truist Financial began coverage on NVR in a research report on Wednesday, March 4th. They set a “hold” rating and a $7,700.00 target price for the company. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. UBS Group set a $8,100.00 price target on NVR in a research report on Friday, February 13th. Finally, Zelman & Associates upgraded NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price target on the stock in a research note on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, NVR has a consensus rating of “Hold” and a consensus price target of $8,182.83.

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.