NVR, Inc. $NVR Stake Reduced by Quantum Capital Management LLC NJ

Quantum Capital Management LLC NJ lessened its holdings in NVR, Inc. (NYSE:NVR) by 15.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,828 shares of the construction company’s stock after selling 1,631 shares during the period. NVR makes up 7.8% of Quantum Capital Management LLC NJ’s investment portfolio, making the stock its 5th largest position. Quantum Capital Management LLC NJ owned 0.31% of NVR worth $70,930,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Boston Partners boosted its stake in NVR by 9.9% during the second 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 valued at $484,546,000 after acquiring an additional 2,331 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of NVR by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 43,318 shares of the construction company’s stock valued at $348,051,000 after acquiring an additional 1,718 shares during the period. Invesco Ltd. lifted its holdings in shares of NVR by 7.5% in the 2nd quarter. Invesco Ltd. now owns 37,668 shares of the construction company’s stock worth $278,203,000 after acquiring an additional 2,629 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of NVR by 7.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 37,420 shares of the construction company’s stock worth $300,670,000 after acquiring an additional 2,453 shares during the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Trading Down 1.6%

Shares of NVR stock opened at $6,958.28 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.71 and a current ratio of 6.21. The stock has a market capitalization of $19.41 billion, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 2.37 and a beta of 1.04. The company has a 50 day moving average price of $7,552.24 and a 200 day moving average price of $7,651.93. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $8,618.28.

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

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

Analysts Set New Price Targets

A number of research firms recently weighed in on NVR. Truist Financial began coverage on shares of NVR in a research report on Wednesday. They set a “hold” rating and a $7,700.00 price objective for the company. Wall Street Zen upgraded 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 research report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a research note on Thursday, January 22nd. Finally, BTIG Research initiated coverage on NVR in a report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price objective on the stock. One investment 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $8,182.83.

Insiders Place Their Bets

In other news, Director Susan Williamson Ross sold 200 shares of the company’s 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 sale, the director owned 386 shares of the company’s stock, valued at approximately $3,057,915.16. This represents a 34.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew B. Kelpy sold 500 shares of the 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 completion of the sale, the chief accounting officer owned 208 shares in the company, valued at approximately $1,684,800. The trade was a 70.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,120 shares of company stock worth $9,012,736 in the last ninety days. Corporate insiders own 7.00% of the company’s stock.

NVR Company 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.