NVR, Inc. $NVR Stock Holdings Boosted by Amiral Gestion

Amiral Gestion raised its stake in NVR, Inc. (NYSE:NVR) by 21.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,397 shares of the construction company’s stock after purchasing an additional 419 shares during the quarter. NVR comprises approximately 6.4% of Amiral Gestion’s holdings, making the stock its 7th biggest holding. Amiral Gestion owned approximately 0.08% of NVR worth $17,481,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. State of Wyoming acquired a new position in NVR in the second quarter valued at $44,000. Zions Bancorporation National Association UT increased its stake in NVR by 600.0% during the third quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock worth $56,000 after acquiring an additional 6 shares during the last quarter. Fulcrum Asset Management LLP acquired a new stake in NVR during the third quarter worth about $56,000. CYBER HORNET ETFs LLC purchased a new position in shares of NVR in the 2nd quarter worth about $59,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of NVR during the 2nd quarter worth about $66,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Trading Down 1.1%

Shares of NYSE NVR opened at $6,456.68 on Friday. The stock’s 50 day moving average price is $7,291.89 and its two-hundred day moving average price is $7,484.83. NVR, Inc. has a 52-week low of $6,301.02 and a 52-week high of $8,618.28. The stock has a market capitalization of $17.95 billion, a P/E ratio of 14.77, a PEG ratio of 2.22 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 (NYSE:NVR) last issued its earnings results on Wednesday, January 28th. The construction company reported $121.54 EPS for the quarter, topping the consensus estimate of $105.42 by $16.12. NVR had a return on equity of 34.28% and a net margin of 13.27%.The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter last year, the firm earned $139.93 EPS. The business’s revenue was down 5.2% on a year-over-year basis. On average, analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

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

Insider Buying and Selling at NVR

In other NVR news, CAO Matthew B. Kelpy sold 500 shares of NVR stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the completion of the transaction, the chief accounting officer owned 208 shares of the company’s stock, valued at $1,684,800. The trade was a 70.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Susan Williamson Ross sold 220 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were 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 of the company’s stock, valued at approximately $3,088,000. The trade was a 36.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,120 shares of company stock worth $9,012,736 over the last 90 days. 7.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NVR. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. Truist Financial initiated coverage on shares of NVR in a research report on Wednesday, March 4th. They set a “hold” rating and a $7,700.00 price target for the company. 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 report on Thursday, January 29th. Finally, UBS Group set a $8,100.00 price objective on NVR in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $8,182.83.

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.