Principal Financial Group Inc. Sells 791 Shares of NVR, Inc. $NVR

Principal Financial Group Inc. trimmed its position in shares of NVR, Inc. (NYSE:NVR) by 1.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,245 shares of the construction company’s stock after selling 791 shares during the period. Principal Financial Group Inc.’s holdings in NVR were worth $383,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of NVR. Capital Research Global Investors raised its stake in NVR by 0.4% during the fourth quarter. Capital Research Global Investors now owns 133,554 shares of the construction company’s stock valued at $973,979,000 after purchasing an additional 551 shares in the last quarter. M&T Bank Corp grew its stake in shares of NVR by 34,923.5% in the 4th quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock worth $413,777,000 after buying an additional 56,576 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of NVR by 407.5% in the 4th quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company’s stock worth $332,346,000 after buying an additional 36,592 shares during the last quarter. Norges Bank purchased a new stake in shares of NVR during the 4th quarter valued at about $311,496,000. Finally, Capital World Investors raised its position in shares of NVR by 0.3% during the 4th quarter. Capital World Investors now owns 40,703 shares of the construction company’s stock valued at $296,838,000 after buying an additional 127 shares in the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVR

In other NVR news, Director Michael J. Devito purchased 11 shares of NVR stock in a transaction dated Friday, April 24th. The shares were 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 represents a 78.57% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 8.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Bank of America dropped their price target 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. Zelman & Associates upgraded NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, July 7th. Weiss Ratings lowered NVR from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. UBS Group dropped their target price on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Finally, Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $7,649.33.

NVR Price Performance

NVR stock opened at $6,433.45 on Tuesday. The stock has a market cap of $17.37 billion, a PE ratio of 15.68, a P/E/G ratio of 4.80 and a beta of 0.90. 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 moving average price of $6,269.19 and a 200 day moving average price of $6,841.13. The company has a current ratio of 5.19, a quick ratio of 2.67 and a debt-to-equity ratio of 0.26.

NVR (NYSE:NVR) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.09 billion. NVR had a return on equity of 32.66% and a net margin of 12.93%.The business’s revenue for the quarter was down 21.7% compared to the same quarter last year. During the same period last year, the company earned $94.83 earnings per share. Equities research analysts anticipate that NVR, Inc. will post 372.53 earnings per share for the current year.

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.