ING Groep NV Boosts Position in NVR, Inc. $NVR

ING Groep NV boosted its holdings in shares of NVR, Inc. (NYSE:NVR) by 416.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 367 shares of the construction company’s stock after purchasing an additional 296 shares during the quarter. ING Groep NV’s holdings in NVR were worth $2,676,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of NVR. Brighton Jones LLC raised its position in 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 during the last quarter. Woodline Partners LP raised its position in 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 during the last quarter. EverSource Wealth Advisors LLC raised its position in 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 during the last quarter. Cerity Partners LLC lifted its holdings in shares of NVR by 7.9% in the 2nd quarter. Cerity Partners LLC now owns 409 shares of the construction company’s stock valued at $3,021,000 after buying an additional 30 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of NVR by 3.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 449 shares of the construction company’s stock valued at $3,316,000 after buying an additional 16 shares during the period. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Price Performance

NYSE:NVR opened at $6,410.21 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.19 and a quick ratio of 2.67. The firm has a market cap of $17.31 billion, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 4.56 and a beta of 0.93. The company has a 50 day moving average price of $6,324.66 and a 200-day moving average price of $6,996.58. NVR, Inc. has a 1-year low of $5,501.01 and a 1-year high of $8,618.28.

NVR (NYSE:NVR) last posted 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). The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $2.09 billion. NVR had a net margin of 12.93% and a return on equity of 32.66%. NVR’s revenue for the quarter was down 21.7% compared to the same quarter last year. During the same period last year, the firm earned $94.83 earnings per share. Equities research analysts forecast that NVR, Inc. will post 375.15 EPS for the current year.

NVR declared that its board has authorized a share buyback program on Wednesday, February 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 3.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NVR shares. Bank of America decreased their price objective on NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a report on Monday, April 20th. Weiss Ratings lowered shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Seaport Research Partners reaffirmed a “sell” rating and set a $5,664.00 target price on shares of NVR in a report on Tuesday, April 7th. Truist Financial cut their target price on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Finally, Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, NVR presently has a consensus rating of “Hold” and a consensus price target of $7,649.33.

Insiders Place Their Bets

In related news, Director Michael J. Devito acquired 11 shares of NVR stock in a transaction on Friday, April 24th. The stock was bought at an average cost of $6,699.50 per share, for a total transaction of $73,694.50. Following the completion of the transaction, 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 acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 8.60% of the company’s stock.

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.