Capital World Investors Boosts Holdings in NVR, Inc. $NVR

Capital World Investors raised its holdings in NVR, Inc. (NYSE:NVR) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,703 shares of the construction company’s stock after buying an additional 127 shares during the quarter. Capital World Investors owned approximately 1.43% of NVR worth $296,838,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CI Investments Inc. grew its holdings in shares of NVR by 13.3% during the 3rd quarter. CI Investments Inc. now owns 17 shares of the construction company’s stock worth $137,000 after purchasing an additional 2 shares during the period. Castleview Partners LLC grew its holdings in shares of NVR by 2.8% during the 4th quarter. Castleview Partners LLC now owns 74 shares of the construction company’s stock worth $540,000 after purchasing an additional 2 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of NVR by 0.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 425 shares of the construction company’s stock worth $3,099,000 after purchasing an additional 2 shares during the period. International Assets Investment Management LLC grew its holdings in shares of NVR by 3.9% during the 4th quarter. International Assets Investment Management LLC now owns 53 shares of the construction company’s stock worth $387,000 after purchasing an additional 2 shares during the period. Finally, Ballentine Partners LLC grew its holdings in shares of NVR by 4.9% during the 4th quarter. Ballentine Partners LLC now owns 43 shares of the construction company’s stock worth $314,000 after purchasing an additional 2 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Buying and Selling at NVR

In other news, Director Michael J. Devito purchased 11 shares of the stock in a transaction dated Friday, April 24th. The stock was acquired at an average cost of $6,699.50 per share, for a total transaction of $73,694.50. Following the acquisition, the director owned 25 shares of the company’s stock, valued at $167,487.50. The trade was a 78.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 8.60% of the company’s stock.

NVR Stock Performance

Shares of NVR opened at $6,201.64 on Tuesday. The business’s 50 day moving average is $6,325.59 and its two-hundred day moving average is $7,001.64. NVR, Inc. has a 52-week low of $5,501.01 and a 52-week high of $8,618.28. The firm has a market cap of $16.74 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 4.55 and a beta of 0.93. The company has a quick ratio of 2.67, a current ratio of 5.19 and a debt-to-equity ratio of 0.26.

NVR (NYSE:NVR) last announced its earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). NVR had a net margin of 12.93% and a return on equity of 32.66%. The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the company earned $94.83 earnings per share. The business’s revenue for the quarter was down 21.7% on a year-over-year basis. Analysts forecast that NVR, Inc. will post 375.15 EPS for the current fiscal year.

NVR announced that its Board of Directors has authorized a share 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 purchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NVR. Truist Financial decreased their target price on NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. BTIG Research reiterated a “buy” rating and set a $8,096.00 target price on shares of NVR in a report on Wednesday, April 22nd. Finally, Bank of America decreased their target price on NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, NVR presently has a consensus rating of “Hold” and an average target price of $7,649.33.

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.