NVR, Inc. $NVR Shares Acquired by Westerkirk Capital Inc.

Westerkirk Capital Inc. raised its holdings in shares of NVR, Inc. (NYSE:NVR) by 53.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 395 shares of the construction company’s stock after buying an additional 138 shares during the period. Westerkirk Capital Inc.’s holdings in NVR were worth $2,881,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NVR. M&T Bank Corp grew its holdings in shares of NVR by 34,923.5% during the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock valued at $413,777,000 after buying an additional 56,576 shares during the last quarter. Norges Bank purchased a new stake in shares of NVR during the fourth quarter valued at $311,496,000. Close Asset Management Ltd purchased a new stake in shares of NVR during the third quarter valued at $148,939,000. Citadel Advisors LLC grew its holdings in shares of NVR by 318.4% during the third quarter. Citadel Advisors LLC now owns 19,215 shares of the construction company’s stock valued at $154,386,000 after buying an additional 14,623 shares during the last quarter. Finally, Newport Capital Group LLC purchased a new stake in shares of NVR during the fourth quarter valued at $106,372,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Price Performance

Shares of NVR opened at $6,201.64 on Tuesday. The business’s 50-day moving average is $6,325.59 and its two-hundred day moving average is $7,001.64. The company has a market capitalization of $16.74 billion, a P/E ratio of 15.12, a P/E/G ratio of 4.55 and a beta of 0.93. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.67 and a current ratio of 5.19. NVR, Inc. has a fifty-two week low of $5,501.01 and a fifty-two week high of $8,618.28.

NVR (NYSE:NVR) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing the consensus estimate of $79.97 by ($12.21). The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.09 billion. NVR had a return on equity of 32.66% and a net margin of 12.93%.NVR’s revenue for the quarter was down 21.7% on a year-over-year basis. During the same period in the prior year, the business posted $94.83 earnings per share. Research analysts predict that NVR, Inc. will post 375.15 earnings per share for the current year.

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

Insiders Place Their Bets

In related news, Director Michael J. Devito purchased 11 shares of the business’s stock in a transaction on Friday, April 24th. The shares were bought at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the transaction, the director owned 25 shares of the company’s stock, valued at approximately $167,487.50. This trade represents a 78.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NVR shares. Seaport Research Partners reiterated a “sell” rating and issued a $5,664.00 price target on shares of NVR in a report on Tuesday, April 7th. BTIG Research reiterated a “buy” rating and issued a $8,096.00 price target on shares of NVR in a report on Wednesday, April 22nd. Truist Financial cut their price target on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Weiss Ratings lowered shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Finally, Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, NVR has an average rating of “Hold” and a consensus target price of $7,649.33.

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.