Markel Group Inc. Buys 110 Shares of NVR, Inc. $NVR

Markel Group Inc. increased its stake in shares of NVR, Inc. (NYSE:NVR) by 0.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,007 shares of the construction company’s stock after acquiring an additional 110 shares during the period. Markel Group Inc.’s holdings in NVR were worth $87,564,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oakworth Capital Inc. bought a new stake in NVR during the fourth quarter worth about $36,000. State of Wyoming bought a new stake in NVR during the second quarter worth about $44,000. USA Financial Formulas raised its holdings in NVR by 75.0% during 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. Zions Bancorporation National Association UT raised its holdings 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 acquiring an additional 6 shares in the last quarter. Finally, Fulcrum Asset Management LLP bought a new stake in NVR during the third quarter worth about $56,000. Institutional investors own 83.67% of the company’s stock.

Insiders Place Their Bets

In other NVR news, Director Michael J. Devito purchased 11 shares of the stock in a transaction on Friday, April 24th. The shares were purchased at an average price of $6,699.50 per share, with a total value of $73,694.50. Following the completion of the transaction, the director directly owned 25 shares in the company, valued at $167,487.50. This represents a 78.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.60% of the stock is currently owned by company insiders.

NVR Price Performance

Shares of NYSE NVR opened at $6,042.13 on Friday. The business’s 50 day moving average price is $6,405.30 and its two-hundred day moving average price is $7,086.31. The company has a market cap of $16.31 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 4.45 and a beta of 0.95. The company has a quick ratio of 2.67, a current ratio of 5.19 and a debt-to-equity ratio of 0.26. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28.

NVR (NYSE:NVR) last announced its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.09 billion. NVR had a return on equity of 32.66% and a net margin of 12.93%.NVR’s quarterly revenue was down 21.7% compared to the same quarter last year. During the same period last year, the firm earned $94.83 EPS. On average, analysts predict that NVR, Inc. will post 375.15 EPS for the current year.

NVR declared that its board has approved a stock repurchase plan on Wednesday, February 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 3.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NVR. UBS Group dropped their target price on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a report on Thursday, April 23rd. BTIG Research reiterated a “buy” rating and set a $8,096.00 target price on shares of NVR in a report on Wednesday, April 22nd. Seaport Research Partners reissued a “sell” rating and set a $5,664.00 price target on shares of NVR in a research report on Tuesday, April 7th. Weiss Ratings downgraded NVR from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Finally, Truist Financial lowered their price target 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. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $7,649.33.

NVR 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.