NVR, Inc. $NVR Shares Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL grew its holdings in shares of NVR, Inc. (NYSE:NVR) by 1,245.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,009 shares of the construction company’s stock after acquiring an additional 934 shares during the period. Tudor Investment Corp ET AL’s holdings in NVR were worth $8,107,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. grew its stake in shares of NVR by 4.0% during the third quarter. Principal Financial Group Inc. now owns 60,307 shares of the construction company’s stock valued at $484,546,000 after acquiring an additional 2,331 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of NVR by 262.2% during the third quarter. Nordea Investment Management AB now owns 938 shares of the construction company’s stock valued at $7,522,000 after acquiring an additional 679 shares in the last quarter. American Century Companies Inc. grew its stake in shares of NVR by 17.0% during the third quarter. American Century Companies Inc. now owns 6,370 shares of the construction company’s stock valued at $51,181,000 after acquiring an additional 925 shares in the last quarter. iA Global Asset Management Inc. acquired a new stake in shares of NVR during the third quarter valued at about $691,000. Finally, Alberta Investment Management Corp acquired a new stake in shares of NVR during the third quarter valued at about $4,017,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Stock Up 0.8%

Shares of NVR stock opened at $6,716.74 on Tuesday. 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 firm has a market cap of $18.67 billion, a P/E ratio of 15.36, a P/E/G ratio of 2.27 and a beta of 1.07. NVR, Inc. has a fifty-two week low of $6,301.02 and a fifty-two week high of $8,618.28. The business has a 50-day moving average price of $7,168.30 and a 200 day moving average price of $7,403.10.

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, beating the consensus estimate of $105.42 by $16.12. NVR had a return on equity of 34.28% and a net margin of 13.27%.The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period in the previous year, the company earned $139.93 earnings per share. NVR’s quarterly revenue was down 5.2% on a year-over-year basis. On average, sell-side analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

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

Insider Buying and Selling

In other NVR news, Director Susan Williamson Ross sold 220 shares of NVR stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $8,000.00, for a total value of $1,760,000.00. Following the completion of the transaction, the director directly owned 386 shares in the company, valued at $3,088,000. The trade was a 36.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Matthew B. Kelpy sold 500 shares of NVR 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,120 shares of company stock valued at $9,012,736. 7.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NVR has been the subject of several recent analyst reports. Seaport Research Partners restated a “sell” rating and set a $5,664.00 target price on shares of NVR in a research note on Tuesday. 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 report on Thursday, January 29th. UBS Group set a $8,100.00 price objective on NVR in a report on Friday, February 13th. Truist Financial initiated 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. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. One equities research 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 company. According to MarketBeat, NVR has an average rating of “Hold” and an average target price of $8,182.83.

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.