NVR, Inc. $NVR Stock Position Increased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its position in NVR, Inc. (NYSE:NVR) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,410 shares of the construction company’s stock after purchasing an additional 106 shares during the quarter. Thrivent Financial for Lutherans owned about 0.44% of NVR worth $90,503,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of NVR by 68.9% during the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock worth $622,000 after buying an additional 31 shares in the last quarter. Woodline Partners LP raised its position in shares of NVR by 28.4% during the 1st quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock worth $1,833,000 after buying an additional 56 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of NVR by 100.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 10 shares of the construction company’s stock worth $75,000 after buying an additional 5 shares in the last quarter. Cerity Partners LLC raised its position in shares of NVR by 7.9% during the 2nd quarter. Cerity Partners LLC now owns 409 shares of the construction company’s stock worth $3,021,000 after buying an additional 30 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of NVR by 3.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 449 shares of the construction company’s stock worth $3,316,000 after buying an additional 16 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on NVR. Bank of America dropped their price target on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Weiss Ratings downgraded shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Seaport Research Partners restated a “sell” rating and set a $5,664.00 price target on shares of NVR in a research report on Tuesday, April 7th. UBS Group dropped 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 report on Thursday, April 23rd. Finally, Zelman & Associates upgraded shares of NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price target on the stock in a research report on Thursday, January 29th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $7,649.33.

NVR Stock Performance

Shares of NVR opened at $5,549.87 on Friday. The firm’s 50 day moving average is $6,499.35 and its 200-day moving average is $7,135.87. The stock has a market capitalization of $14.98 billion, a P/E ratio of 13.53, a P/E/G ratio of 4.13 and a beta of 0.95. 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.

NVR (NYSE:NVR) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $67.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $79.97 by ($12.21). The business had revenue of $1.91 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $94.83 EPS. Equities research analysts anticipate that NVR, Inc. will post 380.26 EPS for the current fiscal year.

NVR declared that its board has authorized a stock repurchase program on Wednesday, February 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 3.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at NVR

In other news, Director Michael J. Devito bought 11 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were acquired at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the completion of the transaction, the director directly owned 25 shares in the company, valued at approximately $167,487.50. The trade was a 78.57% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.60% of the stock is currently owned by company insiders.

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.