NVR, Inc. $NVR Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in shares of NVR, Inc. (NYSE:NVR) by 33.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,069 shares of the construction company’s stock after selling 1,055 shares during the quarter. Victory Capital Management Inc. owned about 0.07% of NVR worth $16,624,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its position in shares of NVR by 50.0% in the second quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock worth $44,000 after acquiring an additional 2 shares during the last quarter. State of Wyoming acquired a new position in NVR during the second quarter worth approximately $44,000. Zions Bancorporation National Association UT raised its stake in NVR by 600.0% during the third quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock worth $56,000 after purchasing an additional 6 shares during the period. CYBER HORNET ETFs LLC purchased a new position in NVR during the second quarter worth approximately $59,000. Finally, Financial Gravity Companies Inc. acquired a new position in shares of NVR in the 2nd quarter valued at $66,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Stock Performance

NVR stock opened at $6,786.14 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.21 and a quick ratio of 3.71. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $8,618.28. The firm’s fifty day moving average price is $7,531.58 and its 200 day moving average price is $7,631.61. The company has a market capitalization of $18.93 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 2.34 and a beta of 1.04.

NVR (NYSE:NVR) last issued its quarterly earnings data on Wednesday, January 28th. The construction company reported $121.54 earnings per share for the quarter, beating analysts’ consensus estimates of $105.42 by $16.12. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.41 billion. NVR had a return on equity of 34.28% and a net margin of 13.27%.NVR’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $139.93 EPS. On average, research analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its board 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 typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Transactions at NVR

In other NVR news, Director Susan Williamson Ross sold 200 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $7,922.06, for a total transaction of $1,584,412.00. Following the transaction, the director owned 386 shares of the company’s stock, valued at $3,057,915.16. This trade represents a 34.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Matthew B. Kelpy sold 500 shares of the business’s 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 sale, the chief accounting officer owned 208 shares of the company’s stock, valued at $1,684,800. This trade represents 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 90 days, insiders sold 1,120 shares of company stock worth $9,012,736. Company insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

NVR has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd. Zelman & Associates raised NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price target for the company in a research report on Thursday, January 29th. Truist Financial began coverage on NVR in a report on Wednesday, March 4th. They issued a “hold” rating and a $7,700.00 price objective on the stock. BTIG Research began coverage on NVR in a research note on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price objective on the stock. Finally, Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. One research 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.