United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Purchases New Stake in NVR, Inc. $NVR

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of NVR, Inc. (NYSE:NVR) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 547 shares of the construction company’s stock, valued at approximately $3,989,000.

Several other large investors have also recently bought and sold shares of NVR. Brighton Jones LLC raised its position in NVR by 68.9% during the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock valued at $622,000 after buying an additional 31 shares during the period. Woodline Partners LP raised its position in NVR by 28.4% during the first quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock valued at $1,833,000 after buying an additional 56 shares during the period. EverSource Wealth Advisors LLC raised its position in NVR by 100.0% during the second quarter. EverSource Wealth Advisors LLC now owns 10 shares of the construction company’s stock valued at $75,000 after buying an additional 5 shares during the period. Cerity Partners LLC raised its position in NVR by 7.9% during the second quarter. Cerity Partners LLC now owns 409 shares of the construction company’s stock valued at $3,021,000 after buying an additional 30 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in NVR by 3.7% during the second quarter. Daiwa Securities Group Inc. now owns 449 shares of the construction company’s stock valued at $3,316,000 after buying an additional 16 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Michael J. Devito purchased 11 shares of the firm’s stock in a transaction dated Friday, April 24th. The stock was bought at an average price of $6,699.50 per share, for a total transaction of $73,694.50. Following the purchase, the director owned 25 shares in the company, valued at $167,487.50. The trade was a 78.57% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 8.60% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on NVR. UBS Group dropped their price target on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Seaport Research Partners reaffirmed a “sell” rating and issued a $5,664.00 target price on shares of NVR in a research report on Tuesday, April 7th. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Truist Financial dropped their target price on NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Finally, BTIG Research reaffirmed a “buy” rating and issued a $8,096.00 target price on shares of NVR in a research report on Wednesday, April 22nd. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $7,649.33.

NVR Stock Performance

NVR opened at $6,102.06 on Friday. The company has a market cap of $16.47 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 4.54 and a beta of 0.95. The stock has a 50-day moving average of $6,362.93 and a 200-day moving average of $7,048.61. NVR, Inc. has a 52-week low of $5,501.01 and a 52-week high of $8,618.28. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.67 and a current ratio of 5.19.

NVR (NYSE:NVR) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $79.97 by ($12.21). The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.09 billion. NVR had a return on equity of 32.66% and a net margin of 12.93%.The business’s revenue was down 21.7% compared to the same quarter last year. During the same quarter last year, the company posted $94.83 EPS. As a group, equities research analysts forecast that NVR, Inc. will post 375.15 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 11th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to reacquire up to 3.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership 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.