NVR, Inc. $NVR Position Increased by Roundview Capital LLC

Roundview Capital LLC increased its stake in NVR, Inc. (NYSE:NVR) by 18.6% during the 4th quarter, HoldingsChannel reports. The firm owned 741 shares of the construction company’s stock after acquiring an additional 116 shares during the period. Roundview Capital LLC’s holdings in NVR were worth $5,404,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. AlphaQuest LLC raised its stake in NVR by 1,397.5% during the 4th quarter. AlphaQuest LLC now owns 599 shares of the construction company’s stock valued at $4,368,000 after acquiring an additional 559 shares in the last quarter. Allstate Corp raised its stake in NVR by 67.6% during the 4th quarter. Allstate Corp now owns 171 shares of the construction company’s stock valued at $1,247,000 after acquiring an additional 69 shares in the last quarter. Fisher Asset Management LLC raised its stake in NVR by 30.8% during the 4th quarter. Fisher Asset Management LLC now owns 34 shares of the construction company’s stock valued at $249,000 after acquiring an additional 8 shares in the last quarter. Clearstead Advisors LLC raised its stake in NVR by 75.0% during the 4th quarter. Clearstead Advisors LLC now owns 7 shares of the construction company’s stock valued at $51,000 after acquiring an additional 3 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in NVR during the 4th quarter valued at $5,914,000. Institutional investors own 83.67% of the company’s stock.

Insider Activity at NVR

In other news, Director Michael J. Devito acquired 11 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were bought at an average price of $6,699.50 per share, with a total value of $73,694.50. Following the purchase, the director owned 25 shares of the company’s stock, valued at approximately $167,487.50. This represents a 78.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 8.60% of the company’s stock.

NVR Stock Up 0.3%

NVR opened at $6,054.56 on Wednesday. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,618.28. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.67 and a current ratio of 5.19. The stock’s fifty day moving average is $6,389.07 and its 200-day moving average is $7,070.81. The company has a market capitalization of $16.35 billion, a PE ratio of 14.76, a P/E/G ratio of 4.45 and a beta of 0.95.

NVR (NYSE:NVR) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $67.76 EPS for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). NVR had a return on equity of 32.66% and a net margin of 12.93%.The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the firm posted $94.83 EPS. The firm’s quarterly revenue was down 21.7% on a year-over-year basis. On average, equities analysts predict that NVR, Inc. will post 375.15 EPS for the current fiscal year.

NVR announced that its board has approved a share buyback program on Wednesday, February 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 3.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages have 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 research note on Thursday, January 29th. Truist Financial cut their target price on NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. UBS Group cut their target price on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. BTIG Research reaffirmed a “buy” rating and set a $8,096.00 target price on shares of NVR in a research note on Wednesday, April 22nd. Finally, Bank of America cut their target price on NVR from $8,600.00 to $8,225.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, NVR has a consensus rating of “Hold” and a consensus price target of $7,649.33.

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.