Barclays PLC Sells 1,502 Shares of NVR, Inc. $NVR

Barclays PLC decreased its position in NVR, Inc. (NYSE:NVR) by 10.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,525 shares of the construction company’s stock after selling 1,502 shares during the period. Barclays PLC owned about 0.44% of NVR worth $100,634,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Parkside Financial Bank & Trust increased its position in shares of NVR by 25.0% during the second quarter. Parkside Financial Bank & Trust now owns 10 shares of the construction company’s stock valued at $74,000 after purchasing an additional 2 shares during the period. Assetmark Inc. lifted its position in NVR by 50.0% in the second quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock worth $44,000 after purchasing an additional 2 shares during the period. Empirical Finance LLC lifted its position in NVR by 1.9% in the second quarter. Empirical Finance LLC now owns 109 shares of the construction company’s stock worth $805,000 after purchasing an additional 2 shares during the period. TD Waterhouse Canada Inc. boosted its stake in NVR by 5.9% during the second quarter. TD Waterhouse Canada Inc. now owns 36 shares of the construction company’s stock worth $276,000 after buying an additional 2 shares in the last quarter. Finally, Cresset Asset Management LLC boosted its stake in NVR by 1.7% during the second quarter. Cresset Asset Management LLC now owns 120 shares of the construction company’s stock worth $886,000 after buying an additional 2 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

Insider Buying and Selling at NVR

In other news, Director Susan Williamson Ross sold 220 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $8,000.00, for a total transaction of $1,760,000.00. Following the completion of the sale, the director owned 386 shares in the company, valued at $3,088,000. The trade was a 36.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Matthew B. Kelpy sold 500 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer directly owned 208 shares of the company’s stock, valued at $1,684,800. This represents a 70.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,120 shares of company stock worth $9,012,736. Company insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

NVR has been the subject of a number of recent research reports. Truist Financial started coverage on shares of NVR in a research note on Wednesday, March 4th. They issued a “hold” rating and a $7,700.00 price objective for the company. Zelman & Associates upgraded shares of NVR from a “sell” rating to a “hold” rating and set a $7,675.00 target price on the stock in a research report on Thursday, January 29th. UBS Group set a $8,100.00 target price on shares of NVR in a research note on Friday, February 13th. BTIG Research began coverage on shares of NVR in a research report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price target for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $8,182.83.

NVR Stock Down 1.6%

Shares of NYSE NVR opened at $6,958.28 on Monday. The firm’s 50-day simple moving average is $7,552.24 and its 200 day simple moving average is $7,649.34. The company has a market cap of $19.41 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 2.37 and a beta of 1.04. The company has a quick ratio of 3.71, a current ratio of 6.21 and a debt-to-equity ratio of 0.24. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $8,618.28.

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

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

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.