Pensionfund Sabic Makes New $1.13 Million Investment in NVR, Inc. $NVR

Pensionfund Sabic purchased a new stake in NVR, Inc. (NYSE:NVR) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 155 shares of the construction company’s stock, valued at approximately $1,130,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVR. Murphy Middleton Hinkle & Parker Inc. acquired a new stake in shares of NVR during the 4th quarter worth approximately $11,610,000. SG Americas Securities LLC increased its stake in shares of NVR by 669.5% in the 4th quarter. SG Americas Securities LLC now owns 4,232 shares of the construction company’s stock valued at $30,863,000 after acquiring an additional 3,682 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of NVR by 104.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 15,318 shares of the construction company’s stock valued at $111,711,000 after acquiring an additional 7,831 shares during the period. Bennett Selby Investments LP boosted its stake in NVR by 15.0% during the fourth quarter. Bennett Selby Investments LP now owns 176 shares of the construction company’s stock worth $1,284,000 after acquiring an additional 23 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in NVR by 6.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 381 shares of the construction company’s stock worth $2,761,000 after acquiring an additional 24 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Susan Williamson Ross sold 200 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were 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 of the company’s stock, valued at approximately $3,057,915.16. This trade represents a 34.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew B. Kelpy sold 500 shares of NVR stock in a transaction dated Tuesday, February 10th. The shares were 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 trade represents a 70.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,120 shares of company stock valued at $9,012,736. 7.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on NVR. Truist Financial began coverage on shares of NVR in a research note on Wednesday, March 4th. They issued a “hold” rating and a $7,700.00 price target for the company. BTIG Research initiated coverage on shares of NVR in a research report on Monday, December 1st. They set a “buy” rating and a $9,022.00 price objective on the stock. UBS Group set a $8,100.00 target price on NVR in a research note on Friday, February 13th. Zelman & Associates raised NVR from a “sell” rating to a “hold” rating and set a $7,675.00 target price for the company in a research report on Thursday, January 29th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $8,182.83.

NVR Stock Performance

NYSE NVR opened at $6,548.11 on Thursday. The company has a market cap of $18.20 billion, a P/E ratio of 14.98, a PEG ratio of 2.21 and a beta of 1.04. The company has a fifty day simple moving average of $7,335.78 and a 200 day simple moving average of $7,506.14. 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 12-month low of $6,301.02 and a 12-month high of $8,618.28.

NVR (NYSE:NVR) last released its quarterly earnings data on Wednesday, January 28th. The construction company reported $121.54 earnings per share for the quarter, topping the consensus estimate of $105.42 by $16.12. NVR had a net margin of 13.27% and a return on equity of 34.28%. 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 prior year, the company posted $139.93 earnings per share. The business’s revenue was down 5.2% on a year-over-year basis. Sell-side analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 3.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.