American Century Companies Inc. Acquires 925 Shares of NVR, Inc. $NVR

American Century Companies Inc. increased its holdings in shares of NVR, Inc. (NYSE:NVR) by 17.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,370 shares of the construction company’s stock after purchasing an additional 925 shares during the period. American Century Companies Inc. owned approximately 0.22% of NVR worth $51,181,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. grew its position in shares of NVR by 4.0% in the third quarter. Principal Financial Group Inc. now owns 60,307 shares of the construction company’s stock valued at $484,546,000 after purchasing an additional 2,331 shares in the last quarter. Nordea Investment Management AB lifted its position in NVR by 262.2% during the third quarter. Nordea Investment Management AB now owns 938 shares of the construction company’s stock worth $7,522,000 after buying an additional 679 shares in the last quarter. iA Global Asset Management Inc. acquired a new position in NVR during the third quarter worth $691,000. Envestnet Asset Management Inc. grew its holdings in NVR by 2.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,730 shares of the construction company’s stock valued at $78,178,000 after buying an additional 203 shares in the last quarter. Finally, Rakuten Investment Management Inc. acquired a new stake in shares of NVR in the 3rd quarter worth $51,896,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on NVR shares. Truist Financial began coverage on NVR in a research report on Wednesday. They issued a “hold” rating and a $7,700.00 price objective for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd. UBS Group set a $8,100.00 target price on shares of NVR in a research report on Friday, February 13th. BTIG Research initiated coverage on shares of NVR in a research note on Monday, December 1st. They set a “buy” rating and a $9,022.00 target price for the company. Finally, Zelman & Associates raised 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 note on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, NVR presently has an average rating of “Hold” and a consensus price target of $8,182.83.

NVR Stock Performance

Shares of NVR stock opened at $7,075.99 on Friday. 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 fifty day moving average price of $7,560.62 and a 200 day moving average price of $7,664.44. The company has a market cap of $19.74 billion, a P/E ratio of 16.18, a PEG ratio of 2.49 and a beta of 1.04. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $8,618.28.

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

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

Insiders Place Their Bets

In related news, Director Susan Williamson Ross sold 220 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $8,000.00, for a total value of $1,760,000.00. Following the completion of the sale, the director owned 386 shares in the company, valued at $3,088,000. This trade represents a 36.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Matthew B. Kelpy sold 500 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the transaction, the chief accounting officer directly 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. In the last 90 days, insiders have sold 1,120 shares of company stock valued at $9,012,736. 7.00% of the stock is owned by insiders.

NVR Company 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.