Tudor Investment Corp ET AL Increases Stock Holdings in NVR, Inc. $NVR

Tudor Investment Corp ET AL increased its holdings in shares of NVR, Inc. (NYSE:NVR) by 1,245.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,009 shares of the construction company’s stock after buying an additional 934 shares during the quarter. Tudor Investment Corp ET AL’s holdings in NVR were worth $8,107,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Hudson Bay Capital Management LP purchased a new stake in NVR in the 3rd quarter valued at about $273,000. Allworth Financial LP grew its holdings in NVR by 85.7% in the third quarter. Allworth Financial LP now owns 26 shares of the construction company’s stock valued at $212,000 after purchasing an additional 12 shares during the period. Cambria Investment Management L.P. acquired a new position in NVR during the third quarter worth approximately $305,000. CIBC Bancorp USA Inc. purchased a new position in NVR during the third quarter worth approximately $3,383,000. Finally, Coldstream Capital Management Inc. boosted its holdings in shares of NVR by 46.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 41 shares of the construction company’s stock valued at $329,000 after purchasing an additional 13 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NVR

In related news, CAO Matthew B. Kelpy sold 500 shares of the stock in a transaction on Tuesday, February 10th. The stock was 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 directly owned 208 shares in the company, valued at approximately $1,684,800. This represents a 70.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan Williamson Ross sold 200 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $7,922.06, for a total value of $1,584,412.00. Following the completion of the sale, the director owned 386 shares of the company’s stock, valued at approximately $3,057,915.16. This represents a 34.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,120 shares of company stock valued at $9,012,736. 7.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on NVR. UBS Group set a $8,100.00 price objective on shares of NVR in a research note on Friday, February 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. Truist Financial initiated coverage on NVR in a research report on Wednesday, March 4th. They set a “hold” rating and a $7,700.00 price target for the company. Zelman & Associates upgraded NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price objective on the stock in a report on Thursday, January 29th. Finally, Seaport Research Partners reaffirmed a “sell” rating and issued a $5,664.00 price objective on shares of NVR in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $8,182.83.

NVR Stock Up 0.8%

Shares of NYSE NVR opened at $6,716.74 on Tuesday. NVR, Inc. has a 12-month low of $6,301.02 and a 12-month high of $8,618.28. The company 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. The company has a current ratio of 6.21, a quick ratio of 3.71 and a debt-to-equity ratio of 0.24. The stock has a fifty 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 results on Wednesday, January 28th. The construction company reported $121.54 earnings per share (EPS) 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 the consensus estimate of $2.41 billion. During the same period in the prior year, the firm earned $139.93 EPS. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. Research analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

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