Chilton Investment Co. Inc. Decreases Stock Position in NVR, Inc. $NVR

Chilton Investment Co. Inc. trimmed its holdings in NVR, Inc. (NYSE:NVR) by 33.0% during the third quarter, Holdings Channel.com reports. The fund owned 656 shares of the construction company’s stock after selling 323 shares during the period. Chilton Investment Co. Inc.’s holdings in NVR were worth $5,271,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. State of Wyoming purchased a new stake in shares of NVR in the second quarter valued at about $44,000. Zions Bancorporation National Association UT grew its position in shares of NVR by 600.0% in the third quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock valued at $56,000 after purchasing an additional 6 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of NVR during the 2nd quarter worth approximately $59,000. Financial Gravity Companies Inc. purchased a new position in shares of NVR during the 2nd quarter worth approximately $66,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of NVR during the 2nd quarter worth approximately $66,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Matthew B. Kelpy sold 500 shares of the firm’s 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 $1,684,800. This trade represents a 70.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan Williamson Ross sold 220 shares of NVR stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $8,000.00, for a total value 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 position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 1,120 shares of company stock worth $9,012,736. Corporate insiders own 7.00% of the company’s stock.

NVR Stock Performance

NYSE:NVR opened at $6,458.92 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.21 and a quick ratio of 3.71. The firm has a market cap of $18.02 billion, a PE ratio of 14.77, a P/E/G ratio of 2.20 and a beta of 1.04. The firm has a 50 day simple moving average of $7,484.65 and a 200-day simple moving average of $7,601.43. NVR, Inc. has a 1-year low of $6,368.70 and a 1-year 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 (EPS) for the quarter, topping analysts’ consensus estimates of $105.42 by $16.12. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.41 billion. NVR had a net margin of 13.27% and a return on equity of 34.28%. NVR’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $139.93 earnings per share. On average, equities analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its board has approved a stock repurchase plan on Wednesday, February 11th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to reacquire up to 3.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

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