Dimensional Fund Advisors LP Boosts Stock Holdings in NVR, Inc. $NVR

Dimensional Fund Advisors LP grew its holdings in NVR, Inc. (NYSE:NVR) by 7.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,420 shares of the construction company’s stock after purchasing an additional 2,453 shares during the quarter. Dimensional Fund Advisors LP’s holdings in NVR were worth $300,670,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in shares of NVR during the second quarter valued at approximately $268,447,000. Close Asset Management Ltd purchased a new position in NVR during the third quarter valued at approximately $148,939,000. Robeco Institutional Asset Management B.V. raised its stake in NVR by 844.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 8,321 shares of the construction company’s stock worth $66,856,000 after buying an additional 7,440 shares in the last quarter. Symphony Financial Ltd. Co. purchased a new stake in NVR during the second quarter worth $54,548,000. Finally, Rakuten Investment Management Inc. purchased a new stake in NVR during the third quarter worth $51,896,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Stock Performance

Shares of NVR stock opened at $6,958.28 on Friday. The firm has a market capitalization of $19.41 billion, a P/E ratio of 15.91, a PEG ratio of 2.41 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 50 day moving average price of $7,552.24 and a 200 day moving average price of $7,656.13. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $8,618.28.

NVR (NYSE:NVR) last released its earnings results on Wednesday, January 28th. The construction company reported $121.54 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $2.41 billion. During the same quarter in the previous year, the firm earned $139.93 EPS. NVR’s revenue was down 5.2% compared to the same quarter last year. Sell-side analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its board has authorized a stock buyback plan on Wednesday, February 11th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 3.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

NVR has been the topic of several recent research reports. Truist Financial initiated coverage on NVR in a research report on Wednesday. They set a “hold” rating and a $7,700.00 target price on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research note on Thursday, January 22nd. BTIG Research started coverage on NVR in a research report on Monday, December 1st. They set a “buy” rating and a $9,022.00 price objective on the stock. UBS Group set a $8,100.00 target price on NVR in a research note on Friday, February 13th. Finally, Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $8,182.83.

Insider Buying and Selling at NVR

In other news, Director Susan Williamson Ross sold 200 shares of NVR stock in a transaction on Friday, February 13th. The shares were sold at an average price of $7,922.06, for a total transaction of $1,584,412.00. Following the completion of the sale, the director directly owned 386 shares in the company, valued at approximately $3,057,915.16. The trade was a 34.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Matthew B. Kelpy sold 500 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,050,000.00. Following the sale, the chief accounting officer directly owned 208 shares in the company, valued at $1,684,800. This trade represents a 70.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,120 shares of company stock valued at $9,012,736 over the last quarter. Insiders own 7.00% of the company’s stock.

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.