Aberdeen Group plc Grows Holdings in NVR, Inc. $NVR

Aberdeen Group plc increased its position in NVR, Inc. (NYSE:NVR) by 25.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 851 shares of the construction company’s stock after buying an additional 170 shares during the period. Aberdeen Group plc’s holdings in NVR were worth $6,889,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of NVR. Principal Financial Group Inc. grew its holdings in NVR by 4.0% during the 3rd quarter. Principal Financial Group Inc. now owns 60,307 shares of the construction company’s stock valued at $484,546,000 after buying an additional 2,331 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of NVR by 262.2% during the 3rd quarter. Nordea Investment Management AB now owns 938 shares of the construction company’s stock worth $7,522,000 after acquiring an additional 679 shares during the last quarter. iA Global Asset Management Inc. purchased a new position in NVR in the 3rd quarter worth about $691,000. Envestnet Asset Management Inc. grew its stake in NVR by 2.1% in the third quarter. Envestnet Asset Management Inc. now owns 9,730 shares of the construction company’s stock worth $78,178,000 after purchasing an additional 203 shares in the last quarter. Finally, Rakuten Investment Management Inc. purchased a new stake in NVR in the third quarter worth about $51,896,000. 83.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NVR has been the topic of several analyst reports. UBS Group set a $8,100.00 target price on NVR in a research note on Friday, February 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Zelman & Associates upgraded shares of NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price target for the company in a research report on Thursday, January 29th. Finally, BTIG Research assumed coverage on shares of NVR in a report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $8,279.40.

Insider Buying and Selling at NVR

In related news, CAO Matthew B. Kelpy sold 500 shares of the stock in a transaction 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. This trade represents a 70.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Susan Williamson Ross sold 220 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $8,000.00, for a total value of $1,760,000.00. Following the transaction, the director owned 386 shares in the company, valued at $3,088,000. This represents a 36.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,120 shares of company stock valued at $9,012,736. Company insiders own 7.00% of the company’s stock.

NVR Stock Up 0.7%

NVR stock opened at $7,576.23 on Friday. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $8,618.28. The firm has a market capitalization of $21.14 billion, a P/E ratio of 17.33, a P/E/G ratio of 2.59 and a beta of 1.03. The company has a current ratio of 6.21, a quick ratio of 3.71 and a debt-to-equity ratio of 0.24. The stock’s fifty day simple moving average is $7,576.82 and its 200-day simple moving average is $7,703.95.

NVR (NYSE:NVR) last issued its earnings results on Wednesday, January 28th. The construction company reported $121.54 earnings per share for the quarter, beating the consensus estimate of $105.42 by $16.12. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.41 billion. NVR had a net margin of 13.27% and a return on equity of 34.28%. The firm’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the company earned $139.93 earnings per share. As a group, equities analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its board has initiated a stock buyback program on Wednesday, February 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 3.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

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.