Schroder Investment Management Group Boosts Stock Holdings in NVR, Inc. $NVR

Schroder Investment Management Group raised its stake in NVR, Inc. (NYSE:NVR) by 61.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,922 shares of the construction company’s stock after acquiring an additional 3,380 shares during the period. Schroder Investment Management Group owned approximately 0.31% of NVR worth $72,225,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Assetmark Inc. boosted its holdings in shares of NVR by 50.0% during the 2nd quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock valued at $44,000 after purchasing an additional 2 shares during the last quarter. State of Wyoming bought a new stake in shares of NVR in the second quarter worth about $44,000. Zions Bancorporation National Association UT increased its holdings in shares of NVR by 600.0% in the third 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. CYBER HORNET ETFs LLC purchased a new stake in shares of NVR in the second quarter worth about $59,000. Finally, Financial Gravity Companies Inc. purchased a new stake in shares of NVR in the second quarter worth about $66,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Trading Down 1.2%

Shares of NVR opened at $6,786.14 on Wednesday. The company’s fifty day simple moving average is $7,531.58 and its 200-day simple moving average is $7,631.61. The company has a market cap of $18.93 billion, a P/E ratio of 15.52, a P/E/G ratio of 2.34 and a beta of 1.04. The company has a current ratio of 6.21, a quick ratio of 3.71 and a debt-to-equity ratio of 0.24. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $8,618.28.

NVR (NYSE:NVR) last released its quarterly 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 firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.41 billion. NVR had a net margin of 13.27% and a return on equity of 34.28%. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $139.93 EPS. As a group, analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its Board of Directors has approved a stock buyback plan on Wednesday, February 11th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 3.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, Director Susan Williamson Ross sold 200 shares of the stock in a transaction that occurred 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 sale, the director directly owned 386 shares in the company, valued at approximately $3,057,915.16. This represents a 34.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Matthew B. Kelpy sold 500 shares of the firm’s 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 sale, the chief accounting officer directly 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 disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,120 shares of company stock valued at $9,012,736. 7.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on NVR. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. Truist Financial began coverage on NVR in a report on Wednesday, March 4th. They set a “hold” rating and a $7,700.00 price objective on the stock. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. UBS Group set a $8,100.00 target price on shares of NVR in a report on Friday, February 13th. Finally, Zelman & Associates upgraded shares of NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price target on the stock in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $8,182.83.

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.