NVR, Inc. $NVR Holdings Raised by Capital World Investors

Capital World Investors grew its position in NVR, Inc. (NYSE:NVR) by 0.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 40,703 shares of the construction company’s stock after buying an additional 127 shares during the period. Capital World Investors’ holdings in NVR were worth $296,838,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Capital Research Global Investors increased its holdings in shares of NVR by 0.4% in the 4th quarter. Capital Research Global Investors now owns 133,554 shares of the construction company’s stock valued at $973,979,000 after acquiring an additional 551 shares during the last quarter. M&T Bank Corp grew its stake in NVR by 34,923.5% during the 4th quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock worth $413,777,000 after buying an additional 56,576 shares during the last quarter. JPMorgan Chase & Co. grew its stake in NVR by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 43,318 shares of the construction company’s stock worth $348,051,000 after buying an additional 1,718 shares during the last quarter. Norges Bank bought a new position in NVR during the 4th quarter worth $311,496,000. Finally, Dimensional Fund Advisors LP grew its stake in NVR by 7.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 37,420 shares of the construction company’s stock worth $300,670,000 after buying an additional 2,453 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NVR

In other news, Director Michael J. Devito purchased 11 shares of the business’s stock in a transaction dated Friday, April 24th. The stock was bought at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the purchase, the director directly owned 25 shares of the company’s stock, valued at approximately $167,487.50. This trade represents a 78.57% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 8.60% of the stock is owned by company insiders.

NVR Trading Up 0.3%

Shares of NYSE NVR opened at $6,201.64 on Tuesday. NVR, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,618.28. The company has a market cap of $16.74 billion, a price-to-earnings ratio of 15.12, a P/E/G ratio of 4.55 and a beta of 0.93. The company has a quick ratio of 2.67, a current ratio of 5.19 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $6,325.59 and a 200-day simple moving average of $7,001.64.

NVR (NYSE:NVR) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $67.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $79.97 by ($12.21). The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.09 billion. NVR had a return on equity of 32.66% and a net margin of 12.93%.The firm’s revenue was down 21.7% on a year-over-year basis. During the same period in the prior year, the company posted $94.83 earnings per share. Sell-side analysts predict that NVR, Inc. will post 375.15 EPS for the current year.

NVR announced that its board has authorized a share buyback program on Wednesday, February 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to repurchase up to 3.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages recently commented on NVR. Seaport Research Partners restated a “sell” rating and set a $5,664.00 price objective on shares of NVR in a research note on Tuesday, April 7th. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. BTIG Research restated a “buy” rating and set a $8,096.00 price objective on shares of NVR in a research note on Wednesday, April 22nd. UBS Group lowered their price objective on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Finally, Bank of America decreased their price target on NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, NVR currently has a consensus rating of “Hold” and a consensus target price of $7,649.33.

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.