Principal Financial Group Inc. Raises Stock Position in NVR, Inc. $NVR

Principal Financial Group Inc. raised its position in NVR, Inc. (NYSE:NVR) by 4.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,307 shares of the construction company’s stock after purchasing an additional 2,331 shares during the quarter. Principal Financial Group Inc. owned about 2.10% of NVR worth $484,546,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in NVR in the second quarter valued at approximately $268,447,000. Robeco Institutional Asset Management B.V. raised its position in NVR by 844.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 8,321 shares of the construction company’s stock valued at $66,856,000 after purchasing an additional 7,440 shares during the period. Symphony Financial Ltd. Co. acquired a new position in shares of NVR in the 2nd quarter valued at $54,548,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of NVR in the 2nd quarter valued at $49,115,000. Finally, Rakuten Investment Management Inc. purchased a new position in shares of NVR during the 3rd quarter worth $51,896,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Performance

NYSE:NVR opened at $7,644.48 on Friday. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $8,618.28. The company has a fifty day simple moving average of $7,490.93 and a two-hundred day simple moving average of $7,693.20. The company has a quick ratio of 3.16, a current ratio of 6.21 and a debt-to-equity ratio of 0.24. The company has a market cap of $21.71 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 2.54 and a beta of 1.01.

NVR (NYSE:NVR) last released its earnings results on Wednesday, January 28th. The construction company reported $121.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $105.42 by $16.12. NVR had a return on equity of 34.28% and a net margin of 13.27%.The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the business posted $139.93 earnings per share. NVR’s revenue was down 5.2% compared to the same quarter last year. As a group, equities analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Michael J. Devito acquired 14 shares of the stock in a transaction dated Monday, November 3rd. The stock was acquired at an average cost of $7,068.05 per share, with a total value of $98,952.70. Following the completion of the transaction, the director owned 14 shares in the company, valued at $98,952.70. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on NVR shares. UBS Group reaffirmed a “neutral” rating and issued a $8,350.00 target price on shares of NVR in a research report on Thursday. BTIG Research initiated coverage on shares of NVR in a report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price objective on the stock. Bank of America lowered their price objective on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd. Finally, Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, NVR presently has an average rating of “Moderate Buy” and an average target price of $8,329.40.

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.