NVR, Inc. $NVR Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in shares of NVR, Inc. (NYSE:NVR) by 33.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,069 shares of the construction company’s stock after selling 1,055 shares during the period. Victory Capital Management Inc.’s holdings in NVR were worth $16,624,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CI Investments Inc. grew its holdings in shares of NVR by 13.3% during the third quarter. CI Investments Inc. now owns 17 shares of the construction company’s stock valued at $137,000 after purchasing an additional 2 shares during the last quarter. Fisher Asset Management LLC acquired a new position in NVR during the 3rd quarter valued at approximately $212,000. Davis R M Inc. acquired a new position in NVR during the 3rd quarter valued at approximately $217,000. Journey Strategic Wealth LLC grew its stake in NVR by 1.8% during the 3rd quarter. Journey Strategic Wealth LLC now owns 174 shares of the construction company’s stock worth $1,398,000 after buying an additional 3 shares during the last quarter. Finally, American Century Companies Inc. increased its position in NVR by 17.0% in the third quarter. American Century Companies Inc. now owns 6,370 shares of the construction company’s stock worth $51,181,000 after buying an additional 925 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Transactions at NVR

In related news, CAO Matthew B. Kelpy sold 500 shares of the business’s stock in a transaction that occurred on 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 sale, the chief accounting officer directly owned 208 shares in the company, valued at $1,684,800. The trade was a 70.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan Williamson Ross sold 200 shares of the firm’s 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 transaction of $1,584,412.00. Following the sale, the director owned 386 shares of the company’s stock, valued at $3,057,915.16. The trade was a 34.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,120 shares of company stock valued at $9,012,736 over the last three months. 7.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NVR. Truist Financial initiated coverage on shares of NVR in a report on Wednesday, March 4th. They set a “hold” rating and a $7,700.00 price target for the company. Zelman & Associates raised shares of NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price objective on the stock in a report on Thursday, January 29th. UBS Group set a $8,100.00 target price on shares of NVR in a research note on Friday, February 13th. BTIG Research initiated coverage on shares of NVR in a research report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 target price for the company. Finally, Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, NVR has an average rating of “Hold” and an average price target of $8,182.83.

NVR Stock Down 1.2%

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

NVR (NYSE:NVR) last released its earnings results on Wednesday, January 28th. The construction company reported $121.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $105.42 by $16.12. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.41 billion. NVR had a return on equity of 34.28% and a net margin of 13.27%.NVR’s revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $139.93 earnings per share. On average, equities analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

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

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.