NVR, Inc. (NYSE:NVR) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp lifted its holdings in NVR, Inc. (NYSE:NVRFree Report) by 3.3% during the third quarter, Holdings Channel reports. The institutional investor owned 650 shares of the construction company’s stock after purchasing an additional 21 shares during the quarter. Van ECK Associates Corp’s holdings in NVR were worth $3,876,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Berkshire Hathaway Inc acquired a new position in NVR during the second quarter worth $70,568,000. Arizona State Retirement System raised its holdings in NVR by 0.5% during the second quarter. Arizona State Retirement System now owns 886 shares of the construction company’s stock worth $5,627,000 after purchasing an additional 4 shares during the last quarter. ING Groep NV raised its holdings in NVR by 21.5% during the third quarter. ING Groep NV now owns 3,810 shares of the construction company’s stock worth $22,720,000 after purchasing an additional 675 shares during the last quarter. Truist Financial Corp raised its holdings in NVR by 2.7% during the second quarter. Truist Financial Corp now owns 228 shares of the construction company’s stock worth $1,448,000 after purchasing an additional 6 shares during the last quarter. Finally, Fortis Capital Management LLC raised its holdings in shares of NVR by 6.8% in the third quarter. Fortis Capital Management LLC now owns 219 shares of the construction company’s stock worth $1,307,000 after acquiring an additional 14 shares during the last quarter. 84.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NVR

In related news, Chairman Paul C. Saville sold 500 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $7,392.07, for a total value of $3,696,035.00. Following the completion of the transaction, the chairman now directly owns 106,860 shares in the company, valued at $789,916,600.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other NVR news, Chairman Paul C. Saville sold 1,700 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $6,100.57, for a total transaction of $10,370,969.00. Following the completion of the sale, the chairman now owns 106,860 shares of the company’s stock, valued at $651,906,910.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Paul C. Saville sold 500 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $7,392.07, for a total value of $3,696,035.00. Following the sale, the chairman now directly owns 106,860 shares of the company’s stock, valued at approximately $789,916,600.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,051 shares of company stock worth $72,388,077. 8.60% of the stock is currently owned by insiders.

NVR Stock Performance

NYSE NVR opened at $7,616.11 on Tuesday. NVR, Inc. has a fifty-two week low of $5,000.90 and a fifty-two week high of $7,617.24. The stock has a market cap of $24.30 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 3.58 and a beta of 1.12. The business has a fifty day moving average of $7,014.48 and a 200-day moving average of $6,395.86. The company has a quick ratio of 3.90, a current ratio of 6.10 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVRGet Free Report) last released its earnings results on Tuesday, January 30th. The construction company reported $121.56 EPS for the quarter, beating the consensus estimate of $121.50 by $0.06. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.61 billion. NVR had a return on equity of 38.50% and a net margin of 17.09%. The business’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $133.44 earnings per share. As a group, analysts predict that NVR, Inc. will post 471.75 earnings per share for the current fiscal year.

NVR announced that its board has initiated a share buyback plan on Thursday, November 9th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to reacquire up to 4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NVR. Deutsche Bank Aktiengesellschaft raised NVR from a “sell” rating to a “hold” rating and boosted their price target for the stock from $4,900.00 to $6,300.00 in a report on Friday, December 8th. StockNews.com raised NVR from a “hold” rating to a “buy” rating in a report on Wednesday, January 31st.

Check Out Our Latest Stock Report on NVR

NVR Company Profile

(Free Report)

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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