Dimensional Fund Advisors LP Increases Stock Holdings in NVR, Inc. $NVR

Dimensional Fund Advisors LP lifted its position in shares of NVR, Inc. (NYSE:NVR) by 4.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 40,154 shares of the construction company’s stock after acquiring an additional 1,588 shares during the period. Dimensional Fund Advisors LP’s holdings in NVR were worth $264,589,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. DV Equities LLC acquired a new stake in NVR in the 4th quarter valued at about $29,000. Strive Financial Group LLC purchased a new position in NVR during the 4th quarter valued at about $29,000. Oakworth Capital Inc. purchased a new position in NVR during the 4th quarter valued at about $36,000. State of Wyoming acquired a new position in NVR during the second quarter worth about $44,000. Finally, USA Financial Formulas raised its position 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 during the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NVR

In other news, Director Michael J. Devito purchased 11 shares of the stock in a transaction dated Friday, April 24th. The stock was acquired at an average cost of $6,699.50 per share, for a total transaction 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NVR has been the topic of several recent research reports. Truist Financial reduced their price target on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group reduced their target price on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Finally, Seaport Research Partners reaffirmed a “sell” rating and issued a $5,664.00 target price on shares of NVR in a research note on Tuesday, April 7th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, NVR has an average rating of “Hold” and an average price target of $7,478.50.

NVR Trading Up 0.6%

NVR stock opened at $6,363.37 on Thursday. The stock has a market cap of $17.18 billion, a PE ratio of 15.51, a P/E/G ratio of 16.23 and a beta of 0.90. The stock has a 50-day moving average price of $6,343.46 and a 200 day moving average price of $6,797.21. NVR, Inc. has a 52 week low of $5,501.01 and a 52 week high of $8,618.28. The company has a current ratio of 5.19, a quick ratio of 2.67 and a debt-to-equity ratio of 0.26.

NVR (NYSE:NVR) last released its earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.09 billion. NVR had a net margin of 12.93% and a return on equity of 32.66%. NVR’s revenue for the quarter was down 21.7% on a year-over-year basis. During the same quarter last year, the company posted $94.83 earnings per share. Equities research analysts predict that NVR, Inc. will post 371.11 earnings per share for the current fiscal year.

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.