234 Shares in NVR, Inc. $NVR Acquired by Elevatus Welath Management

Elevatus Welath Management bought a new position in NVR, Inc. (NYSE:NVR) in the fourth quarter, Holdings Channel.com reports. The fund bought 234 shares of the construction company’s stock, valued at approximately $1,707,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Wyoming acquired a new position in shares of NVR during the 2nd quarter valued at $44,000. Zions Bancorporation National Association UT raised its stake in shares of NVR by 600.0% in the 3rd quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock worth $56,000 after buying an additional 6 shares in the last quarter. Fulcrum Asset Management LLP acquired a new stake in shares of NVR in the third quarter valued at $56,000. CYBER HORNET ETFs LLC acquired a new stake in shares of NVR in the second quarter valued at $59,000. Finally, MUFG Securities EMEA plc bought a new position in NVR during the second quarter valued at about $66,000. 83.67% of the stock is owned by institutional investors.

Insider Transactions at NVR

In other NVR news, CAO Matthew B. Kelpy sold 500 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was 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 owned 208 shares in the company, valued at approximately $1,684,800. The trade was a 70.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan Williamson Ross sold 220 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $8,000.00, for a total transaction of $1,760,000.00. Following the sale, the director directly owned 386 shares of the company’s stock, valued at $3,088,000. This represents a 36.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,120 shares of company stock worth $9,012,736 in the last three months. 7.00% of the stock is currently owned by company insiders.

NVR Stock Performance

Shares of NYSE NVR opened at $6,456.68 on Friday. 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 stock has a market capitalization of $17.95 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 2.22 and a beta of 1.04. The stock’s fifty day simple moving average is $7,291.89 and its 200 day simple moving average is $7,484.83. NVR, Inc. has a 52-week low of $6,301.02 and a 52-week high of $8,618.28.

NVR (NYSE:NVR) last announced its earnings results on Wednesday, January 28th. The construction company reported $121.54 EPS for the quarter, beating the consensus estimate of $105.42 by $16.12. NVR had a return on equity of 34.28% and a net margin of 13.27%.The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the prior year, the business posted $139.93 earnings per share. NVR’s revenue was down 5.2% compared to the same quarter last year. As a group, sell-side analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NVR shares. Truist Financial started coverage on NVR in a report on Wednesday, March 4th. They set a “hold” rating and a $7,700.00 target price on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. BTIG Research began coverage on shares of NVR in a research report on Monday, December 1st. They set a “buy” rating and a $9,022.00 price objective for the company. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, UBS Group set a $8,100.00 target price on shares of NVR in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $8,182.83.

NVR Company 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.