234 Shares in NVR, Inc. $NVR Purchased by Elevatus Welath Management

Elevatus Welath Management bought a new position in NVR, Inc. (NYSE:NVR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 234 shares of the construction company’s stock, valued at approximately $1,707,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NVR. State of Wyoming bought a new position in shares of NVR during the second quarter valued at approximately $44,000. Zions Bancorporation National Association UT lifted its holdings in shares of NVR by 600.0% in the 3rd quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock worth $56,000 after purchasing an additional 6 shares during the last quarter. Fulcrum Asset Management LLP bought a new stake in shares of NVR in the 3rd quarter worth approximately $56,000. CYBER HORNET ETFs LLC acquired a new position in NVR during the 2nd quarter valued at approximately $59,000. Finally, MUFG Securities EMEA plc acquired a new position in NVR during the 2nd quarter valued at approximately $66,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Stock Performance

Shares of NVR stock opened at $6,456.68 on Friday. NVR, Inc. has a 12-month low of $6,301.02 and a 12-month high of $8,618.28. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.21 and a quick ratio of 3.71. The firm has a market capitalization of $17.95 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 2.22 and a beta of 1.04. The business has a 50 day simple moving average of $7,291.89 and a 200 day simple moving average of $7,484.83.

NVR (NYSE:NVR) last announced its earnings results on Wednesday, January 28th. The construction company reported $121.54 earnings per share for the quarter, beating 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 firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the previous year, the business earned $139.93 EPS. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. On average, equities research analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

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

Analyst Upgrades and Downgrades

NVR has been the topic of several analyst reports. UBS Group set a $8,100.00 target price on NVR in a research report on Friday, February 13th. BTIG Research assumed coverage on shares of NVR in a report on Monday, December 1st. They set a “buy” rating and a $9,022.00 price target for the company. 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. Finally, 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. 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 company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $8,182.83.

Insiders Place Their Bets

In related news, Director Susan Williamson Ross sold 220 shares of NVR stock in a transaction dated 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 directly owned 386 shares in the company, valued at $3,088,000. The trade was a 36.30% 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, CAO Matthew B. Kelpy sold 500 shares of the company’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 $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. Insiders have sold 1,120 shares of company stock worth $9,012,736 over the last three months. Corporate insiders own 7.00% of the company’s stock.

About NVR

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.