AIA Group Ltd Raises Stake in NVR, Inc. $NVR

AIA Group Ltd lifted its stake in shares of NVR, Inc. (NYSE:NVR) by 18.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 628 shares of the construction company’s stock after purchasing an additional 98 shares during the quarter. AIA Group Ltd’s holdings in NVR were worth $4,138,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in NVR. Murphy Middleton Hinkle & Parker Inc. purchased a new stake in shares of NVR in the 4th quarter worth about $11,610,000. AustralianSuper Pty Ltd purchased a new stake in shares of NVR in the fourth quarter valued at about $4,835,000. Norges Bank acquired a new stake in shares of NVR in the fourth quarter valued at approximately $311,496,000. SG Americas Securities LLC increased its stake in shares of NVR by 669.5% during the 4th quarter. SG Americas Securities LLC now owns 4,232 shares of the construction company’s stock worth $30,863,000 after purchasing an additional 3,682 shares in the last quarter. Finally, Tudor Investment Corp ET AL increased its stake in shares of NVR by 1,245.3% during the 3rd quarter. Tudor Investment Corp ET AL now owns 1,009 shares of the construction company’s stock worth $8,107,000 after purchasing an additional 934 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Trading Down 0.0%

NYSE NVR opened at $6,489.54 on Monday. The company has a 50-day moving average of $6,308.72 and a 200-day moving average of $6,816.72. 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, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,618.28. The company has a market cap of $17.52 billion, a P/E ratio of 15.82, a P/E/G ratio of 4.81 and a beta of 0.90.

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. As a group, equities analysts predict that NVR, Inc. will post 372.53 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on NVR shares. Truist Financial dropped their price target on NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Bank of America dropped their price objective on NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. UBS Group decreased their price target on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Finally, Zelman & Associates upgraded shares of NVR from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $7,649.33.

Insiders Place Their Bets

In related news, Director Michael J. Devito purchased 11 shares of the firm’s stock in a transaction on Friday, April 24th. The shares were bought at an average price of $6,699.50 per share, for a total transaction of $73,694.50. Following the acquisition, the director directly 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 acquisition was disclosed in a filing with the SEC, which is available at this link. 8.60% of the stock is currently owned by corporate insiders.

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.