1,592 Shares in NVR, Inc. $NVR Purchased by Murphy Middleton Hinkle & Parker Inc.

Murphy Middleton Hinkle & Parker Inc. acquired a new stake in NVR, Inc. (NYSE:NVR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,592 shares of the construction company’s stock, valued at approximately $11,610,000. NVR accounts for about 3.3% of Murphy Middleton Hinkle & Parker Inc.’s investment portfolio, making the stock its 6th largest holding. Murphy Middleton Hinkle & Parker Inc. owned approximately 0.06% of NVR at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC raised its position in shares of NVR by 669.5% in the fourth quarter. SG Americas Securities LLC now owns 4,232 shares of the construction company’s stock valued at $30,863,000 after buying an additional 3,682 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of NVR by 104.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 15,318 shares of the construction company’s stock valued at $111,711,000 after buying an additional 7,831 shares during the period. Bennett Selby Investments LP grew its position in NVR by 15.0% during the fourth quarter. Bennett Selby Investments LP now owns 176 shares of the construction company’s stock worth $1,284,000 after buying an additional 23 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in NVR by 6.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 381 shares of the construction company’s stock worth $2,761,000 after buying an additional 24 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in NVR by 368.4% during the 4th quarter. Nordea Investment Management AB now owns 4,394 shares of the construction company’s stock worth $32,182,000 after acquiring an additional 3,456 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NVR. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd. 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 target for the company. Truist Financial assumed coverage on shares of NVR in a research report on Wednesday, March 4th. They set a “hold” rating and a $7,700.00 price objective for the company. Finally, UBS Group set a $8,100.00 price objective on shares of NVR in a research note on Friday, February 13th. One 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, the stock presently has a consensus rating of “Hold” and an average target price of $8,182.83.

NVR Stock Up 2.6%

Shares of NVR opened at $6,535.68 on Tuesday. The firm has a 50 day simple moving average of $7,379.78 and a two-hundred day simple moving average of $7,526.94. 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, Inc. has a one year low of $6,301.02 and a one year high of $8,618.28. The company has a market cap of $18.17 billion, a P/E ratio of 14.95, a P/E/G ratio of 2.17 and a beta of 1.04.

NVR (NYSE:NVR) last issued its earnings results on Wednesday, January 28th. The construction company reported $121.54 earnings per share 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 firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter last year, the business posted $139.93 EPS. The company’s revenue was down 5.2% compared to the same quarter last year. Research analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its board has initiated a share buyback program on Wednesday, February 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 3.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity

In related news, CAO Matthew B. Kelpy sold 500 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the sale, the chief accounting officer directly owned 208 shares of the company’s stock, valued at $1,684,800. This trade represents a 70.62% decrease in their ownership of the stock. 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 dated Friday, February 13th. The shares were sold at an average price of $7,922.06, for a total value of $1,584,412.00. Following the completion of the transaction, the director owned 386 shares in the company, valued at approximately $3,057,915.16. This represents a 34.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,120 shares of company stock worth $9,012,736 over the last ninety days. 7.80% of the stock is currently owned by 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.