Northwestern Mutual Wealth Management Co. Buys 7,488 Shares of NVR, Inc. $NVR

Northwestern Mutual Wealth Management Co. raised its stake in NVR, Inc. (NYSE:NVR) by 13,371.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,544 shares of the construction company’s stock after purchasing an additional 7,488 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in NVR were worth $55,017,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of NVR. Oakworth Capital Inc. bought a new position in NVR in the fourth quarter valued at approximately $36,000. State of Wyoming bought a new position in NVR in the second quarter valued at approximately $44,000. USA Financial Formulas grew its stake in NVR by 75.0% in the fourth quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock valued at $51,000 after purchasing an additional 3 shares in the last quarter. Zions Bancorporation National Association UT boosted its stake in shares of NVR by 600.0% during 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 period. Finally, Fulcrum Asset Management LLP acquired a new position in shares of NVR during the 3rd quarter worth approximately $56,000. 83.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in 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 report on Thursday, January 29th. UBS Group decreased their target price on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Bank of America decreased their target price on NVR from $8,600.00 to $8,225.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Truist Financial decreased their target price on NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Finally, Weiss Ratings lowered NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $7,649.33.

NVR Stock Performance

NVR opened at $5,549.87 on Monday. The business has a fifty day simple moving average of $6,499.35 and a 200 day simple moving average of $7,133.75. The company has a market capitalization of $14.98 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 4.10 and a beta of 0.95. NVR, Inc. has a 1 year low of $5,501.01 and a 1 year high of $8,618.28. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.19 and a quick ratio of 2.67.

NVR (NYSE:NVR) last released its quarterly earnings results 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 firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $2.09 billion. NVR had a net margin of 12.93% and a return on equity of 32.66%. The business’s revenue for the quarter was down 21.7% compared to the same quarter last year. During the same quarter last year, the firm earned $94.83 earnings per share. Research analysts expect that NVR, Inc. will post 375.15 EPS for the current year.

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

Insider Transactions at NVR

In related news, Director Michael J. Devito acquired 11 shares of the company’s stock in a transaction on Friday, April 24th. The stock was purchased at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the acquisition, the director directly owned 25 shares of the company’s stock, valued at approximately $167,487.50. The trade was a 78.57% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.60% of the stock is owned by company insiders.

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.