NVR, Inc. $NVR Shares Purchased by Capital Research Global Investors

Capital Research Global Investors boosted its stake in NVR, Inc. (NYSE:NVR) by 0.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 133,554 shares of the construction company’s stock after purchasing an additional 551 shares during the period. Capital Research Global Investors’ holdings in NVR were worth $973,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Oakworth Capital Inc. acquired a new stake in NVR in the fourth quarter worth $36,000. State of Wyoming acquired a new stake in NVR in the second quarter worth $44,000. USA Financial Formulas increased its position in NVR by 75.0% in the fourth quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock worth $51,000 after buying an additional 3 shares during the period. Clearstead Advisors LLC increased its holdings in shares of NVR by 75.0% during the fourth quarter. Clearstead Advisors LLC now owns 7 shares of the construction company’s stock valued at $51,000 after purchasing an additional 3 shares during the period. Finally, Zions Bancorporation National Association UT increased its holdings in shares of NVR by 600.0% during the third quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock valued at $56,000 after purchasing an additional 6 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Michael J. Devito bought 11 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was acquired 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 directly owned 25 shares of the company’s stock, valued at $167,487.50. This represents a 78.57% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 8.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NVR has been the topic of a number of research analyst reports. Seaport Research Partners reissued a “sell” rating and set a $5,664.00 price target on shares of NVR in a report on Tuesday, April 7th. BTIG Research reissued a “buy” rating and set a $8,096.00 price target on shares of NVR in a report on Wednesday, April 22nd. Truist Financial lowered their price target on NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Weiss Ratings lowered NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Finally, Bank of America lowered their price target on NVR from $8,600.00 to $8,225.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $7,649.33.

NVR Price Performance

Shares of NVR opened at $6,195.06 on Friday. The firm has a market capitalization of $16.73 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 4.55 and a beta of 0.93. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.67 and a current ratio of 5.19. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,618.28. The stock’s fifty day moving average is $6,331.98 and its 200-day moving average is $7,009.27.

NVR (NYSE:NVR) last announced its earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share 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 32.66%. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the business earned $94.83 EPS. The company’s quarterly revenue was down 21.7% compared to the same quarter last year. Equities analysts anticipate that NVR, Inc. will post 375.15 EPS for the current year.

NVR declared that its Board of Directors has authorized a stock buyback plan on Wednesday, February 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to reacquire up to 3.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is 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.