Westerkirk Capital Inc. Raises Holdings in NVR, Inc. $NVR

Westerkirk Capital Inc. grew its position in shares of NVR, Inc. (NYSE:NVR) by 53.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 395 shares of the construction company’s stock after purchasing an additional 138 shares during the period. Westerkirk Capital Inc.’s holdings in NVR were worth $2,881,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NVR. Oakworth Capital Inc. purchased a new position in NVR in the fourth quarter worth about $36,000. State of Wyoming purchased a new position in NVR in the second quarter worth about $44,000. USA Financial Formulas grew its position in NVR by 75.0% in the fourth quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock worth $51,000 after acquiring an additional 3 shares in the last quarter. Clearstead Advisors LLC grew its position in NVR by 75.0% in the fourth quarter. Clearstead Advisors LLC now owns 7 shares of the construction company’s stock worth $51,000 after acquiring an additional 3 shares in the last quarter. Finally, Zions Bancorporation National Association UT grew its position in NVR by 600.0% in the third quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock worth $56,000 after acquiring an additional 6 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Seaport Research Partners reiterated a “sell” rating and issued a $5,664.00 price target on shares of NVR in a research report on Tuesday, April 7th. UBS Group dropped their price target on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Truist Financial dropped their price target on NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Bank of America decreased their price objective on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $7,649.33.

NVR Stock Up 0.3%

Shares of NYSE NVR opened at $6,201.64 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.19 and a quick ratio of 2.67. The company has a market cap of $16.74 billion, a P/E ratio of 15.12, a PEG ratio of 4.55 and a beta of 0.93. NVR, Inc. has a 1 year low of $5,501.01 and a 1 year high of $8,618.28. The firm has a 50-day simple moving average of $6,325.59 and a two-hundred day simple moving average of $7,001.64.

NVR (NYSE:NVR) last announced its quarterly earnings data 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). NVR had a return on equity of 32.66% and a net margin of 12.93%.The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the business earned $94.83 EPS. The firm’s revenue for the quarter was down 21.7% on a year-over-year basis. Research analysts anticipate that NVR, Inc. will post 375.15 earnings per share for the current year.

NVR declared that its Board of Directors has initiated a stock 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 usually an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at NVR

In other NVR news, Director Michael J. Devito acquired 11 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were bought at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the completion of the acquisition, the director directly owned 25 shares in the company, valued at $167,487.50. This represents a 78.57% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.60% of the company’s stock.

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.