Pensionfund Sabic Purchases New Shares in NVR, Inc. $NVR

Pensionfund Sabic acquired a new stake in shares of NVR, Inc. (NYSE:NVR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 155 shares of the construction company’s stock, valued at approximately $1,130,000.

Other hedge funds have also recently bought and sold shares of the company. State of Wyoming bought a new stake in shares of NVR in the 2nd quarter worth $44,000. Zions Bancorporation National Association UT lifted its position in shares of NVR by 600.0% during 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 in the last quarter. Fulcrum Asset Management LLP bought a new position in shares of NVR during the third quarter valued at about $56,000. CYBER HORNET ETFs LLC purchased a new position in NVR during the second quarter worth about $59,000. Finally, MUFG Securities EMEA plc purchased a new position in NVR during the second quarter worth about $66,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Stock Up 0.7%

NVR stock opened at $6,548.11 on Thursday. The firm has a 50 day moving average price of $7,335.78 and a 200-day moving average price of $7,506.14. The company has a quick ratio of 3.71, a current ratio of 6.21 and a debt-to-equity ratio of 0.24. NVR, Inc. has a twelve month low of $6,301.02 and a twelve month high of $8,618.28. The company has a market capitalization of $18.20 billion, a P/E ratio of 14.98, a P/E/G ratio of 2.21 and a beta of 1.04.

NVR (NYSE:NVR) last posted its quarterly earnings results on Wednesday, January 28th. The construction company reported $121.54 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 company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the previous year, the firm posted $139.93 EPS. NVR’s revenue was down 5.2% on a year-over-year basis. As a group, equities analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its Board of Directors has authorized a share repurchase program on Wednesday, February 11th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to buy up to 3.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NVR shares. Truist Financial initiated coverage on NVR in a report on Wednesday, March 4th. They issued a “hold” rating and a $7,700.00 target price for the company. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. BTIG Research assumed coverage on NVR in a research note on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price objective for the company. UBS Group set a $8,100.00 target price on NVR in a research report on Friday, February 13th. Finally, Zelman & Associates upgraded 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. One research 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $8,182.83.

Insiders Place Their Bets

In other NVR news, CAO Matthew B. Kelpy sold 500 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the sale, the chief accounting officer directly owned 208 shares in the company, valued at $1,684,800. The trade was a 70.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Susan Williamson Ross sold 200 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $7,922.06, for a total value of $1,584,412.00. Following the transaction, the director directly owned 386 shares in the company, valued at $3,057,915.16. This represents a 34.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,120 shares of company stock valued at $9,012,736 over the last three months. Company 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.