Dupont Capital Management Corp Takes $670,000 Position in NVR, Inc. (NVR)

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Dupont Capital Management Corp acquired a new stake in NVR, Inc. (NYSE:NVR) during the 4th quarter, HoldingsChannel reports. The firm acquired 275 shares of the construction company’s stock, valued at approximately $670,000.

A number of other institutional investors also recently added to or reduced their stakes in NVR. Diamond Hill Capital Management Inc. increased its stake in shares of NVR by 229.8% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 91,752 shares of the construction company’s stock worth $226,701,000 after purchasing an additional 63,932 shares during the last quarter. FMR LLC increased its stake in shares of NVR by 38.8% during the 3rd quarter. FMR LLC now owns 125,954 shares of the construction company’s stock worth $311,207,000 after purchasing an additional 35,233 shares during the last quarter. American Century Companies Inc. acquired a new position in shares of NVR during the 3rd quarter worth $35,614,000. Citadel Advisors LLC increased its stake in shares of NVR by 314.9% during the 3rd quarter. Citadel Advisors LLC now owns 18,283 shares of the construction company’s stock worth $45,173,000 after purchasing an additional 13,876 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of NVR by 1,677.7% during the 4th quarter. Bank of Montreal Can now owns 11,893 shares of the construction company’s stock worth $28,983,000 after purchasing an additional 11,224 shares during the last quarter. Hedge funds and other institutional investors own 78.35% of the company’s stock.

NYSE:NVR opened at $2,600.80 on Thursday. NVR, Inc. has a 1 year low of $2,040.71 and a 1 year high of $3,250.00. The company has a current ratio of 3.96, a quick ratio of 1.95 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $9.73 billion, a P/E ratio of 13.35, a PEG ratio of 1.46 and a beta of 0.68.

NVR (NYSE:NVR) last posted its earnings results on Friday, January 25th. The construction company reported $58.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $50.67 by $7.90. NVR had a net margin of 11.38% and a return on equity of 48.57%. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period last year, the business posted $40.16 EPS. NVR’s revenue was up 9.9% compared to the same quarter last year. Research analysts forecast that NVR, Inc. will post 176.78 EPS for the current year.

NVR announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 12th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 3.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

In other NVR news, Director Dwight C. Schar sold 4,080 shares of the stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $2,619.21, for a total value of $10,686,376.80. Following the completion of the sale, the director now directly owns 1,191 shares of the company’s stock, valued at approximately $3,119,479.11. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jeffrey D. Martchek sold 521 shares of the stock in a transaction on Friday, February 1st. The shares were sold at an average price of $2,677.09, for a total transaction of $1,394,763.89. The disclosure for this sale can be found here. Insiders sold a total of 11,701 shares of company stock worth $30,717,608 over the last quarter. 12.00% of the stock is currently owned by company insiders.

NVR has been the topic of several analyst reports. Buckingham Research initiated coverage on shares of NVR in a research note on Friday, January 11th. They set a “buy” rating on the stock. Zacks Investment Research upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Monday, January 28th. Wells Fargo & Co restated a “market perform” rating and set a $2,410.00 price target (down previously from $3,780.00) on shares of NVR in a research note on Friday, October 19th. Bank of America lowered shares of NVR from a “buy” rating to a “neutral” rating and set a $2,850.00 price target on the stock. in a research note on Thursday, October 18th. Finally, ValuEngine upgraded shares of NVR from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. NVR has a consensus rating of “Hold” and a consensus price target of $2,975.20.

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NVR Profile

NVR, Inc operates as a homebuilder in the United States. The company operates through four segments: Mid Atlantic, North East, Mid East, and South East. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names.

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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