Citadel Advisors LLC Increases Holdings in NVR, Inc. $NVR

Citadel Advisors LLC increased its position in NVR, Inc. (NYSE:NVR) by 318.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,215 shares of the construction company’s stock after buying an additional 14,623 shares during the quarter. Citadel Advisors LLC’s holdings in NVR were worth $154,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of NVR. State of Wyoming bought a new position in NVR during the second quarter valued at approximately $44,000. Zions Bancorporation National Association UT lifted its holdings in shares of NVR by 600.0% in the 3rd quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock worth $56,000 after acquiring an additional 6 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of NVR in the 2nd quarter valued at $59,000. Financial Gravity Companies Inc. purchased a new stake in shares of NVR in the 2nd quarter valued at $66,000. Finally, Assetmark Inc. grew its holdings in shares of NVR by 50.0% during the 3rd quarter. Assetmark Inc. now owns 9 shares of the construction company’s stock valued at $72,000 after purchasing an additional 3 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Trading Up 1.6%

NYSE:NVR opened at $6,567.33 on Tuesday. The firm has a market capitalization of $18.32 billion, a P/E ratio of 15.02, a P/E/G ratio of 2.20 and a beta of 1.04. The company has a quick ratio of 3.71, a current ratio of 6.21 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average of $7,469.62 and a 200 day moving average of $7,587.86. NVR, Inc. has a 52 week low of $6,368.70 and a 52 week 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, topping analysts’ consensus estimates of $105.42 by $16.12. NVR had a net margin of 13.27% and a return on equity of 34.28%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the firm earned $139.93 EPS. The company’s revenue was down 5.2% on a year-over-year basis. On average, research analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

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

Insider Transactions at NVR

In related news, Director Susan Williamson Ross sold 200 shares of the business’s stock in a transaction dated 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 transaction, the director owned 386 shares in the company, valued at $3,057,915.16. The trade was a 34.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Matthew B. Kelpy sold 500 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 208 shares of the company’s stock, valued at $1,684,800. The trade was a 70.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,120 shares of company stock valued at $9,012,736. 7.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NVR shares. Wall Street Zen raised shares of 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 objective on NVR in a research note on Friday, February 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. Truist Financial started coverage on NVR in a research note on Wednesday, March 4th. They issued a “hold” rating and a $7,700.00 target price for the company. Finally, Zelman & Associates upgraded NVR from a “sell” rating to a “hold” rating and set a $7,675.00 target price for the company in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $8,182.83.

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.