Legal & General Group Plc Buys 759 Shares of NVR, Inc. $NVR

Legal & General Group Plc increased its stake in NVR, Inc. (NYSE:NVR) by 3.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,381 shares of the construction company’s stock after purchasing an additional 759 shares during the quarter. Legal & General Group Plc owned 0.75% of NVR worth $171,789,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in NVR. Brighton Jones LLC boosted its stake in shares of NVR by 68.9% in the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock worth $622,000 after buying an additional 31 shares during the last quarter. Woodline Partners LP grew its holdings in shares of NVR by 28.4% in the first quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock worth $1,833,000 after acquiring an additional 56 shares during the period. Allworth Financial LP increased its position in NVR by 100.0% during the second quarter. Allworth Financial LP now owns 14 shares of the construction company’s stock valued at $104,000 after acquiring an additional 7 shares during the last quarter. National Pension Service increased its position in NVR by 0.5% during the second quarter. National Pension Service now owns 5,676 shares of the construction company’s stock valued at $41,921,000 after acquiring an additional 29 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in NVR by 57.9% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,883 shares of the construction company’s stock valued at $28,679,000 after acquiring an additional 1,424 shares during the period. Institutional investors own 83.67% of the company’s stock.

NVR Stock Down 2.4%

NVR stock opened at $6,449.13 on Friday. NVR, Inc. has a twelve month low of $6,438.81 and a twelve month high of $8,618.28. The company has a quick ratio of 3.71, a current ratio of 6.21 and a debt-to-equity ratio of 0.24. The stock has a market cap of $17.99 billion, a P/E ratio of 14.75, a PEG ratio of 2.25 and a beta of 1.04. The business’s 50-day moving average price is $7,500.91 and its 200-day moving average price is $7,616.33.

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 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 company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period in the prior year, the firm posted $139.93 EPS. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, equities research analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its board has approved a share buyback plan on Wednesday, February 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to purchase 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.

Analyst Upgrades and Downgrades

NVR has been the topic of several research reports. BTIG Research began coverage on NVR in a research report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Truist Financial started coverage on shares of NVR in a report on Wednesday, March 4th. They issued a “hold” rating and a $7,700.00 price objective on the stock. Finally, Zelman & Associates upgraded shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $8,182.83.

Insider Buying and Selling

In other news, Director Susan Williamson Ross sold 220 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $8,000.00, for a total transaction of $1,760,000.00. Following the sale, the director directly owned 386 shares in the company, valued at $3,088,000. This trade represents a 36.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Matthew B. Kelpy sold 500 shares of NVR stock in a transaction on 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 transaction, the chief accounting officer owned 208 shares in the company, valued at approximately $1,684,800. This trade represents a 70.62% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,120 shares of company stock valued at $9,012,736. Company insiders own 7.00% of the company’s stock.

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.