Aberdeen Group plc Has $6.89 Million Stake in NVR, Inc. $NVR

Aberdeen Group plc grew its position in shares of NVR, Inc. (NYSE:NVR) by 25.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 851 shares of the construction company’s stock after buying an additional 170 shares during the period. Aberdeen Group plc’s holdings in NVR were worth $6,889,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Assetmark Inc. increased its stake in shares of NVR by 50.0% in the 2nd quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock valued at $44,000 after purchasing an additional 2 shares during the last quarter. State of Wyoming bought a new position in NVR during the second quarter worth $44,000. CYBER HORNET ETFs LLC acquired a new stake in NVR during the second quarter worth approximately $59,000. Financial Gravity Companies Inc. bought a new position in NVR during the second quarter worth $66,000. Finally, MUFG Securities EMEA plc acquired a new position in NVR during the 2nd quarter worth approximately $66,000. 83.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NVR

In other NVR news, Director Susan Williamson Ross sold 200 shares of NVR stock in a transaction on Friday, February 13th. The stock was sold at an average price of $7,922.06, for a total value of $1,584,412.00. Following the completion of the sale, the director owned 386 shares of the company’s stock, valued at approximately $3,057,915.16. This trade represents a 34.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 500 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,050,000.00. Following the transaction, the chief accounting officer owned 208 shares in the company, valued at $1,684,800. This represents a 70.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,120 shares of company stock worth $9,012,736 over the last three months. Corporate insiders own 7.00% of the company’s stock.

NVR Stock Up 0.7%

Shares of NYSE NVR opened at $7,576.23 on Friday. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $8,618.28. The firm has a fifty day simple moving average of $7,576.82 and a two-hundred day simple moving average of $7,703.95. The company has a current ratio of 6.21, a quick ratio of 3.71 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $21.14 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 2.59 and a beta of 1.03.

NVR (NYSE:NVR) last released its earnings results on Wednesday, January 28th. The construction company reported $121.54 EPS for the quarter, beating analysts’ consensus estimates of $105.42 by $16.12. The company had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.41 billion. NVR had a return on equity of 34.28% and a net margin of 13.27%.The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $139.93 EPS. Equities analysts expect that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its Board of Directors has initiated a share repurchase plan on Wednesday, February 11th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to reacquire up to 3.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

NVR has been the topic of several recent research reports. UBS Group set a $8,100.00 price target on shares of NVR in a research report on Friday, February 13th. Zelman & Associates upgraded NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price target for the company in a research note on Thursday, January 29th. BTIG Research began coverage on NVR in a report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price target for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. Finally, Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $8,279.40.

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.