Fox Run Management L.L.C. Acquires New Position in NVR, Inc. $NVR

Fox Run Management L.L.C. acquired a new stake in NVR, Inc. (NYSE:NVR) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 108 shares of the construction company’s stock, valued at approximately $788,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Murphy Middleton Hinkle & Parker Inc. acquired a new position in NVR during the fourth quarter worth about $11,610,000. Alberta Investment Management Corp acquired a new position in NVR during the third quarter worth about $4,017,000. American Century Companies Inc. raised its position in NVR by 17.0% during the third quarter. American Century Companies Inc. now owns 6,370 shares of the construction company’s stock worth $51,181,000 after acquiring an additional 925 shares during the last quarter. Marshfield Associates raised its position in NVR by 4.7% during the third quarter. Marshfield Associates now owns 25,042 shares of the construction company’s stock worth $201,204,000 after acquiring an additional 1,130 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in NVR by 669.5% during the fourth quarter. SG Americas Securities LLC now owns 4,232 shares of the construction company’s stock worth $30,863,000 after acquiring an additional 3,682 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Transactions at NVR

In related news, Director Michael J. Devito bought 11 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was purchased at an average cost of $6,699.50 per share, for a total transaction of $73,694.50. Following the completion of the acquisition, the director owned 25 shares in the company, valued at $167,487.50. This trade represents a 78.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 8.60% of the company’s stock.

Wall Street Analysts Forecast Growth

NVR has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. UBS Group lowered their price target on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Truist Financial lowered their price target on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Seaport Research Partners reiterated a “sell” rating and set a $5,664.00 price target on shares of NVR in a report on Tuesday, April 7th. Finally, Weiss Ratings downgraded shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $7,649.33.

NVR Stock Performance

Shares of NYSE NVR opened at $6,306.15 on Thursday. NVR, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,618.28. The company has a 50-day simple moving average of $6,320.94 and a 200-day simple moving average of $6,990.51. The company has a market cap of $17.02 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 4.72 and a beta of 0.93. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.19 and a quick ratio of 2.67.

NVR (NYSE:NVR) last released 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 company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the previous year, the firm posted $94.83 earnings per share. NVR’s revenue for the quarter was down 21.7% compared to the same quarter last year. On average, equities analysts anticipate that NVR, Inc. will post 375.15 earnings per share for the current year.

NVR announced that its board has initiated a share repurchase plan on Wednesday, February 11th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are 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.