NVR, Inc. $NVR Shares Acquired by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lifted its holdings in NVR, Inc. (NYSE:NVR) by 18.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 990 shares of the construction company’s stock after buying an additional 151 shares during the quarter. Wedge Capital Management L L P NC’s holdings in NVR were worth $7,220,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC boosted its position in shares of NVR by 68.9% during the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock worth $622,000 after purchasing an additional 31 shares in the last quarter. Woodline Partners LP increased its holdings in shares of 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 purchasing an additional 56 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of NVR by 19.9% in the 2nd quarter. American Century Companies Inc. now owns 5,445 shares of the construction company’s stock valued at $40,215,000 after purchasing an additional 903 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of NVR in the second quarter valued at about $318,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of NVR by 7.7% in the second quarter. Russell Investments Group Ltd. now owns 5,985 shares of the construction company’s stock valued at $44,206,000 after purchasing an additional 428 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Performance

NYSE:NVR opened at $6,456.68 on Friday. The company has a current ratio of 6.21, a quick ratio of 3.71 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $17.95 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 2.20 and a beta of 1.04. The firm has a 50-day moving average price of $7,291.89 and a two-hundred day moving average price of $7,479.24. NVR, Inc. has a twelve month low of $6,301.02 and a twelve month high of $8,618.28.

NVR (NYSE:NVR) last announced its quarterly earnings results on Wednesday, January 28th. The construction company reported $121.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $105.42 by $16.12. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.41 billion. NVR had a net margin of 13.27% and a return on equity of 34.28%. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $139.93 earnings per share. As a group, research analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

NVR has been the topic of several recent analyst reports. BTIG Research started coverage on shares of NVR in a research report on Monday, December 1st. They set a “buy” rating and a $9,022.00 target price on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. UBS Group set a $8,100.00 price target on NVR in a report on Friday, February 13th. Finally, Truist Financial began coverage on NVR in a research note on Wednesday, March 4th. They issued a “hold” rating and a $7,700.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $8,182.83.

Insider Activity at NVR

In other NVR news, CAO Matthew B. Kelpy sold 500 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total transaction of $4,050,000.00. Following the sale, the chief accounting officer owned 208 shares in the company, valued at approximately $1,684,800. This represents a 70.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan Williamson Ross sold 220 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $8,000.00, for a total value of $1,760,000.00. Following the transaction, 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,120 shares of company stock valued at $9,012,736 over the last 90 days. Insiders own 7.00% of the company’s stock.

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.