Marshfield Associates Acquires 1,130 Shares of NVR, Inc. $NVR

Marshfield Associates lifted its holdings in NVR, Inc. (NYSE:NVR) by 4.7% during the third quarter, Holdings Channel reports. The institutional investor owned 25,042 shares of the construction company’s stock after acquiring an additional 1,130 shares during the quarter. NVR makes up approximately 3.5% of Marshfield Associates’ investment portfolio, making the stock its 13th biggest position. Marshfield Associates’ holdings in NVR were worth $201,204,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NVR. Brighton Jones LLC boosted its stake in NVR by 68.9% during the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock worth $622,000 after acquiring an additional 31 shares in the last quarter. Woodline Partners LP grew its holdings in 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 purchasing an additional 56 shares during the period. Allworth Financial LP increased its stake in shares of 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 purchasing an additional 7 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its stake in shares of NVR by 5.0% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 420 shares of the construction company’s stock valued at $3,102,000 after purchasing an additional 20 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of NVR by 4.8% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 717 shares of the construction company’s stock valued at $5,296,000 after purchasing an additional 33 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NVR has been the topic of a number of analyst reports. Truist Financial initiated coverage on NVR in a research report on Wednesday, March 4th. They issued a “hold” rating and a $7,700.00 price target on the stock. Zelman & Associates raised NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price objective for the company in a research report on Thursday, January 29th. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. Finally, UBS Group set a $8,100.00 price target on NVR in a report on Friday, February 13th. 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 stock. According to MarketBeat.com, NVR presently has a consensus rating of “Hold” and an average target price of $8,182.83.

Insiders Place Their Bets

In other news, Director Susan Williamson Ross sold 200 shares of the business’s stock in a transaction 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 completion of the transaction, the director owned 386 shares in the company, valued at $3,057,915.16. The trade was a 34.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Matthew B. Kelpy sold 500 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer directly owned 208 shares in the company, valued at approximately $1,684,800. The trade was a 70.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,120 shares of company stock valued at $9,012,736. Corporate insiders own 7.80% of the company’s stock.

NVR Trading Up 1.6%

Shares of NYSE NVR opened at $6,567.33 on Tuesday. The company has a market cap of $18.32 billion, a PE ratio of 15.02, a P/E/G ratio of 2.20 and a beta of 1.04. 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 firm’s 50 day moving average price is $7,469.62 and its 200-day moving average price is $7,587.86. NVR, Inc. has a 52-week low of $6,368.70 and a 52-week high of $8,618.28.

NVR (NYSE:NVR) last announced its quarterly earnings data on Wednesday, January 28th. The construction company reported $121.54 earnings per share for the quarter, topping analysts’ consensus estimates of $105.42 by $16.12. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business earned $139.93 EPS. On average, equities research analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its Board of Directors has authorized a share 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 buy up to 3.3% of its stock through open market purchases. Stock buyback plans are usually 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.