NVR, Inc. $NVR Shares Bought by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lifted its stake in shares of NVR, Inc. (NYSE:NVR) by 18.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 990 shares of the construction company’s stock after buying an additional 151 shares during the quarter. Wedge Capital Management L L P NC’s holdings in NVR were worth $7,220,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in NVR during the 2nd quarter worth $268,447,000. Close Asset Management Ltd acquired a new position in NVR in the third quarter valued at $148,939,000. Citadel Advisors LLC boosted its stake in NVR by 318.4% in the third quarter. Citadel Advisors LLC now owns 19,215 shares of the construction company’s stock valued at $154,386,000 after acquiring an additional 14,623 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of NVR by 8.0% during the third quarter. Capital Research Global Investors now owns 133,003 shares of the construction company’s stock worth $1,068,634,000 after purchasing an additional 9,877 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of NVR by 104.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 15,318 shares of the construction company’s stock worth $111,711,000 after purchasing an additional 7,831 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. BTIG Research assumed coverage on NVR in a report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 target price for the company. Zelman & Associates upgraded NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price target on the stock in a research note on Thursday, January 29th. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. UBS Group set a $8,100.00 price objective on NVR in a research note on Friday, February 13th. Finally, Truist Financial assumed coverage on NVR in a report on Wednesday, March 4th. They issued a “hold” rating and a $7,700.00 price objective for the company. One investment 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’s stock. According to data from MarketBeat, NVR presently has an average rating of “Hold” and a consensus target price of $8,182.83.

Insider Activity

In related news, Director Susan Williamson Ross sold 200 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $7,922.06, for a total transaction of $1,584,412.00. Following the completion of the transaction, the director directly owned 386 shares of the company’s stock, valued at $3,057,915.16. This represents a 34.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Matthew B. Kelpy sold 500 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were 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 owned 208 shares of the company’s stock, valued at approximately $1,684,800. The trade was a 70.62% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,120 shares of company stock worth $9,012,736. Insiders own 7.00% of the company’s stock.

NVR Price Performance

Shares of NYSE NVR opened at $6,456.68 on Friday. The stock has a fifty day moving average price of $7,291.89 and a 200 day moving average price of $7,479.24. NVR, Inc. has a 1-year low of $6,301.02 and a 1-year 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 company has a market cap of $17.95 billion, a PE ratio of 14.77, a P/E/G ratio of 2.20 and a beta of 1.04.

NVR (NYSE:NVR) last announced its quarterly earnings data on Wednesday, January 28th. The construction company reported $121.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $105.42 by $16.12. The company had revenue of $2.74 billion for 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%. NVR’s revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $139.93 EPS. Sell-side analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

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

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.