Dimensional Fund Advisors LP Acquires 2,453 Shares of NVR, Inc. $NVR

Dimensional Fund Advisors LP grew its holdings in shares of NVR, Inc. (NYSE:NVR) by 7.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,420 shares of the construction company’s stock after buying an additional 2,453 shares during the quarter. Dimensional Fund Advisors LP owned 1.32% of NVR worth $300,670,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC increased its stake in NVR by 68.9% during the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock worth $622,000 after acquiring an additional 31 shares during the last quarter. Woodline Partners LP lifted its stake in shares of NVR by 28.4% in the 1st quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock valued at $1,833,000 after purchasing an additional 56 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of 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 during the period. Crestwood Advisors Group LLC boosted its holdings in shares of NVR by 12.1% in the 2nd quarter. Crestwood Advisors Group LLC now owns 37 shares of the construction company’s stock worth $273,000 after purchasing an additional 4 shares during the period. Finally, Resona Asset Management Co. Ltd. increased its position in shares of NVR by 4.3% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 1,044 shares of the construction company’s stock valued at $7,709,000 after purchasing an additional 43 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.

Insider Buying and Selling

In related news, CAO Matthew B. Kelpy sold 500 shares of the stock in a transaction that occurred on 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 transaction, the chief accounting officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan Williamson Ross sold 200 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $7,922.06, for a total value of $1,584,412.00. Following the transaction, the director owned 386 shares in the company, valued at $3,057,915.16. The trade was a 34.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,120 shares of company stock valued at $9,012,736 in the last quarter. 7.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NVR shares. Truist Financial began coverage on NVR in a research report on Wednesday. They issued a “hold” rating and a $7,700.00 price target for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. 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 research note on Thursday, January 29th. Finally, UBS Group set a $8,100.00 price target on shares of NVR in a 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 assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $8,182.83.

NVR Trading Down 1.6%

Shares of NVR opened at $6,958.28 on Friday. The firm has a market capitalization of $19.41 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 2.41 and a beta of 1.04. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.21 and a quick ratio of 3.71. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $8,618.28. The company has a 50-day moving average of $7,552.24 and a 200 day moving average of $7,656.13.

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

NVR announced that its board has authorized a stock repurchase plan on Wednesday, February 11th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are usually a sign 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.