Caprock Group LLC Takes Position in NVR, Inc. $NVR

Caprock Group LLC bought a new position in NVR, Inc. (NYSE:NVR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 155 shares of the construction company’s stock, valued at approximately $1,258,000.

Several other institutional investors have also recently added to or reduced their stakes in NVR. Blue Trust Inc. raised its stake in shares of NVR by 150.0% in the second quarter. Blue Trust Inc. now owns 5 shares of the construction company’s stock valued at $37,000 after acquiring an additional 3 shares during the last quarter. Assetmark Inc. raised its position in 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 acquired a new position in NVR in the second quarter worth $44,000. CYBER HORNET ETFs LLC bought a new stake in shares of NVR during the second quarter worth $59,000. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of NVR in the second quarter valued at $66,000. 83.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NVR. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. BTIG Research started coverage on shares of NVR in a research note on Monday, December 1st. They set a “buy” rating and a $9,022.00 price target on the stock. Zelman & Associates raised shares of 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. Finally, UBS Group set a $8,100.00 price objective on NVR in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, NVR has an average rating of “Moderate Buy” and an average target price of $8,279.40.

Insider Buying and Selling

In related news, Director Susan Williamson Ross sold 200 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $8,091.62, for a total transaction of $1,618,324.00. Following the completion of the transaction, the director owned 386 shares in the company, valued at approximately $3,123,365.32. The trade was a 34.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matthew B. Kelpy sold 500 shares of NVR stock in a transaction on 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 transaction, the chief accounting officer directly owned 208 shares in the company, valued at approximately $1,684,800. This represents a 70.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 920 shares of company stock worth $7,428,324 over the last quarter. 7.00% of the stock is currently owned by corporate insiders.

NVR Stock Performance

NVR stock opened at $7,511.54 on Friday. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $8,618.28. The company has a quick ratio of 3.71, a current ratio of 6.21 and a debt-to-equity ratio of 0.24. The company has a market cap of $20.96 billion, a P/E ratio of 17.18, a price-to-earnings-growth ratio of 2.41 and a beta of 1.03. The business’s fifty day moving average is $7,571.39 and its 200-day moving average is $7,710.76.

NVR (NYSE:NVR) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the company posted $139.93 earnings per share. The firm’s revenue was down 5.2% on a year-over-year basis. Equities research analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

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

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.