ABN Amro Investment Solutions Acquires Shares of 100 NVR, Inc. $NVR

ABN Amro Investment Solutions bought a new position in NVR, Inc. (NYSE:NVR) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 100 shares of the construction company’s stock, valued at approximately $803,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assetmark Inc. grew its position in NVR by 50.0% in the 2nd quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock worth $44,000 after purchasing an additional 2 shares in the last quarter. State of Wyoming bought a new position in shares of NVR during the 2nd quarter worth approximately $44,000. CYBER HORNET ETFs LLC purchased a new position in shares of NVR in the 2nd quarter worth approximately $59,000. Financial Gravity Companies Inc. bought a new position in shares of NVR in the second quarter valued at approximately $66,000. Finally, MUFG Securities EMEA plc bought a new position in shares of NVR in the second quarter valued at approximately $66,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insiders Place Their Bets

In other NVR news, Director Susan Williamson Ross sold 200 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $8,091.62, for a total value of $1,618,324.00. Following the completion of the transaction, the director owned 386 shares in the company, valued at $3,123,365.32. This trade represents a 34.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 500 shares of NVR stock in a transaction dated 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 transaction, the chief accounting officer directly owned 208 shares of the company’s stock, valued at $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. Over the last quarter, insiders have sold 920 shares of company stock worth $7,428,324. 7.80% of the stock is currently owned by corporate insiders.

NVR Stock Performance

NYSE NVR opened at $7,511.54 on Tuesday. The firm 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 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’s 50 day moving average is $7,572.76 and its 200-day moving average is $7,710.93. 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 data 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. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.41 billion. NVR had a net margin of 13.27% and a return on equity of 34.28%. NVR’s revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $139.93 EPS. Sell-side analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its board has initiated a stock buyback program on Wednesday, February 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

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.