Aristides Capital LLC Purchases 110 Shares of NVR, Inc. $NVR

Aristides Capital LLC lifted its position in NVR, Inc. (NYSE:NVR) by 127.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 196 shares of the construction company’s stock after buying an additional 110 shares during the period. Aristides Capital LLC’s holdings in NVR were worth $1,575,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors lifted its position in NVR by 8.0% in the 3rd quarter. Capital Research Global Investors now owns 133,003 shares of the construction company’s stock valued at $1,068,634,000 after acquiring an additional 9,877 shares in the last quarter. Boston Partners increased its holdings in shares of NVR by 9.9% in the 2nd quarter. Boston Partners now owns 64,952 shares of the construction company’s stock worth $479,900,000 after purchasing an additional 5,875 shares in the last quarter. Principal Financial Group Inc. raised its stake 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 worth $484,546,000 after purchasing an additional 2,331 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of NVR by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 43,318 shares of the construction company’s stock valued at $348,051,000 after purchasing an additional 1,718 shares in the last quarter. Finally, Capital World Investors lifted its holdings in shares of NVR by 0.3% during the third quarter. Capital World Investors now owns 40,576 shares of the construction company’s stock valued at $326,014,000 after purchasing an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Price Performance

NYSE NVR opened at $6,449.13 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.71 and a current ratio of 6.21. NVR, Inc. has a fifty-two week low of $6,438.81 and a fifty-two week high of $8,618.28. The company has a market capitalization of $17.99 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 2.25 and a beta of 1.04. The business’s fifty day moving average is $7,500.91 and its 200 day moving average is $7,616.33.

NVR (NYSE:NVR) last posted its quarterly 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. NVR had a return on equity of 34.28% and a net margin of 13.27%.The business had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period last year, the firm earned $139.93 earnings per share. The business’s quarterly revenue was down 5.2% on a year-over-year basis. Sell-side analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase up to 3.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research note on Thursday, January 22nd. UBS Group set a $8,100.00 price objective on shares of NVR in a report on Friday, February 13th. Zelman & Associates upgraded shares of NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price objective on the stock in a research report on Thursday, January 29th. Finally, Truist Financial began coverage on shares of NVR in a report on Wednesday, March 4th. They issued a “hold” rating and a $7,700.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $8,182.83.

Insider Activity at NVR

In related news, Director Susan Williamson Ross sold 220 shares of the 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 sale, the director owned 386 shares in the company, valued at approximately $3,088,000. This represents a 36.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Matthew B. Kelpy sold 500 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total transaction of $4,050,000.00. Following the completion of the sale, the chief accounting officer directly owned 208 shares of the company’s stock, valued at approximately $1,684,800. The trade was a 70.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,120 shares of company stock worth $9,012,736. Corporate insiders own 7.00% of the company’s stock.

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.