Amiral Gestion Has $17.48 Million Stake in NVR, Inc. $NVR

Amiral Gestion lifted its stake in shares of NVR, Inc. (NYSE:NVR) by 21.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,397 shares of the construction company’s stock after purchasing an additional 419 shares during the quarter. NVR comprises 6.4% of Amiral Gestion’s portfolio, making the stock its 7th largest position. Amiral Gestion’s holdings in NVR were worth $17,481,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Brighton Jones LLC boosted its position in NVR by 68.9% during the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock valued at $622,000 after purchasing an additional 31 shares during the period. Woodline Partners LP increased its position in NVR by 28.4% in the first quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock worth $1,833,000 after buying an additional 56 shares during the period. American Century Companies Inc. lifted its stake in NVR by 19.9% in the second quarter. American Century Companies Inc. now owns 5,445 shares of the construction company’s stock valued at $40,215,000 after buying an additional 903 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of NVR by 8.0% during the second quarter. Prudential Financial Inc. now owns 1,706 shares of the construction company’s stock valued at $12,600,000 after acquiring an additional 127 shares during the period. Finally, Global Retirement Partners LLC acquired a new position in shares of NVR during the second quarter valued at $318,000. Institutional investors own 83.67% of the company’s stock.

NVR Trading Down 1.1%

NVR stock opened at $6,456.68 on Friday. The firm has a market cap of $17.95 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 2.22 and a beta of 1.04. NVR, Inc. has a 1 year low of $6,301.02 and a 1 year high of $8,618.28. The firm’s 50 day moving average price is $7,291.89 and its two-hundred day moving average price is $7,484.83. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.71 and a current ratio of 6.21.

NVR (NYSE:NVR) last announced its quarterly earnings data on Wednesday, January 28th. The construction company reported $121.54 EPS for the quarter, beating analysts’ consensus estimates of $105.42 by $16.12. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.41 billion. NVR had a return on equity of 34.28% and a net margin of 13.27%.The company’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $139.93 EPS. On average, research analysts predict that NVR, Inc. will post 505.2 EPS 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 Analysts Forecast Growth

A number of research firms recently weighed in on NVR. Zelman & Associates raised shares of NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price objective on the stock in a report on Thursday, January 29th. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd. UBS Group set a $8,100.00 price target on shares of NVR in a research note on Friday, February 13th. Truist Financial assumed coverage on NVR in a report on Wednesday, March 4th. They set a “hold” rating and a $7,700.00 price target on the stock. Finally, BTIG Research assumed coverage on NVR in a research report on Monday, December 1st. They set a “buy” rating and a $9,022.00 price objective for the company. One research 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $8,182.83.

Insider Buying and Selling at NVR

In other news, Director Susan Williamson Ross sold 200 shares of the company’s stock in a transaction on Friday, February 13th. The stock was 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 of the company’s stock, valued at $3,057,915.16. This represents a 34.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 completion of the transaction, the chief accounting officer owned 208 shares of the company’s stock, valued at $1,684,800. This trade represents a 70.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,120 shares of company stock valued at $9,012,736. 7.00% of the stock is currently owned by company insiders.

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.