Mitsubishi UFJ Trust & Banking Corp Sells 1,385 Shares of NVR, Inc. $NVR

Mitsubishi UFJ Trust & Banking Corp lessened its stake in NVR, Inc. (NYSE:NVR) by 39.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,169 shares of the construction company’s stock after selling 1,385 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in NVR were worth $15,819,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. CoreCap Advisors LLC increased its position in NVR by 18.2% during the 3rd quarter. CoreCap Advisors LLC now owns 13 shares of the construction company’s stock valued at $104,000 after purchasing an additional 2 shares during the period. SkyOak Wealth LLC lifted its position in shares of NVR by 6.9% in the 3rd quarter. SkyOak Wealth LLC now owns 31 shares of the construction company’s stock worth $249,000 after purchasing an additional 2 shares during the period. Atwater Malick LLC boosted its stake in shares of NVR by 5.9% in the 3rd quarter. Atwater Malick LLC now owns 36 shares of the construction company’s stock valued at $289,000 after purchasing an additional 2 shares during the last quarter. Drive Wealth Management LLC boosted its stake in shares of NVR by 7.1% in the 3rd quarter. Drive Wealth Management LLC now owns 30 shares of the construction company’s stock valued at $241,000 after purchasing an additional 2 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators increased its position in shares of NVR by 8.3% during the third quarter. Deseret Mutual Benefit Administrators now owns 26 shares of the construction company’s stock worth $209,000 after buying an additional 2 shares during the period. 83.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NVR. Wall Street Zen lowered shares of NVR from a “hold” rating to a “sell” rating in a report on Saturday, April 25th. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd. 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 research note on Thursday, April 23rd. BTIG Research reiterated a “buy” rating and issued a $8,096.00 target price on shares of NVR in a report on Wednesday, April 22nd. Finally, UBS Group cut their price target on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $7,649.33.

Insiders Place Their Bets

In other news, Director Michael J. Devito acquired 11 shares of NVR stock in a transaction on Friday, April 24th. The stock was purchased at an average price of $6,699.50 per share, with a total value of $73,694.50. Following the completion of the purchase, the director owned 25 shares of the company’s stock, valued at approximately $167,487.50. The trade was a 78.57% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan Williamson Ross sold 220 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $8,000.00, for a total value of $1,760,000.00. Following the sale, the director owned 386 shares of the company’s stock, valued at approximately $3,088,000. This represents a 36.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,120 shares of company stock worth $9,012,736. Corporate insiders own 8.60% of the company’s stock.

NVR Trading Up 1.7%

NVR opened at $6,315.98 on Friday. The company has a fifty day moving average price of $6,780.56 and a two-hundred day moving average price of $7,251.55. NVR, Inc. has a 1-year low of $6,195.15 and a 1-year high of $8,618.28. The company has a market cap of $17.56 billion, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 4.35 and a beta of 1.07. The company has a current ratio of 6.21, a quick ratio of 3.71 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR) last issued its earnings results on Wednesday, April 22nd. The construction company reported $67.76 EPS for the quarter, missing the consensus estimate of $79.97 by ($12.21). NVR had a net margin of 12.93% and a return on equity of 31.82%. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the prior year, the business earned $94.83 earnings per share. The business’s quarterly revenue was down 21.7% on a year-over-year basis. Analysts predict that NVR, Inc. will post 393.81 EPS for the current fiscal year.

NVR declared that its board has authorized a share repurchase plan on Wednesday, February 11th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

About NVR

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.