NVR, Inc. $NVR Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of NVR, Inc. (NYSE:NVR) by 4.6% during the fourth quarter, HoldingsChannel reports. The firm owned 5,896 shares of the construction company’s stock after purchasing an additional 261 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in NVR were worth $42,916,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Murphy Middleton Hinkle & Parker Inc. acquired a new stake in NVR in the fourth quarter valued at $11,610,000. Principal Financial Group Inc. raised its holdings in NVR by 4.0% in the third quarter. Principal Financial Group Inc. now owns 60,307 shares of the construction company’s stock valued at $484,546,000 after acquiring an additional 2,331 shares in the last quarter. Nordea Investment Management AB raised its holdings in NVR by 262.2% in the third quarter. Nordea Investment Management AB now owns 938 shares of the construction company’s stock valued at $7,522,000 after acquiring an additional 679 shares in the last quarter. American Century Companies Inc. raised its holdings in NVR by 17.0% in the third quarter. American Century Companies Inc. now owns 6,370 shares of the construction company’s stock valued at $51,181,000 after acquiring an additional 925 shares in the last quarter. Finally, iA Global Asset Management Inc. acquired a new stake in NVR in the third quarter valued at $691,000. 83.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Weiss Ratings cut shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday. Seaport Research Partners reiterated a “sell” rating and set a $5,664.00 target price on shares of NVR in a research note on Tuesday, April 7th. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday. Truist Financial lowered their target price on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Finally, BTIG Research reiterated a “buy” rating and set a $8,096.00 target price on shares of NVR in a research note on Wednesday, April 22nd. 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. According to data from MarketBeat.com, NVR currently has a consensus rating of “Hold” and an average price target of $7,649.33.

NVR Stock Down 0.6%

NVR stock opened at $5,973.63 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.19 and a quick ratio of 3.71. NVR, Inc. has a 1-year low of $5,930.00 and a 1-year high of $8,618.28. The firm has a fifty day moving average price of $6,692.26 and a two-hundred day moving average price of $7,212.09. The firm has a market cap of $16.13 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 4.37 and a beta of 0.95.

NVR (NYSE:NVR) last released its earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing the consensus estimate of $79.97 by ($12.21). NVR had a net margin of 12.93% and a return on equity of 32.66%. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the previous year, the firm earned $94.83 EPS. The firm’s revenue for the quarter was down 21.7% on a year-over-year basis. Research analysts predict that NVR, Inc. will post 380.26 EPS for the current year.

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

Insider Buying and Selling at NVR

In other news, Director Susan Williamson Ross sold 200 shares of the company’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $7,922.06, for a total transaction of $1,584,412.00. Following the completion of the transaction, the director owned 386 shares in the company, valued at approximately $3,057,915.16. This represents a 34.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael J. Devito purchased 11 shares of the stock in a transaction dated 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 transaction, the director directly owned 25 shares of the company’s stock, valued at approximately $167,487.50. The trade was a 78.57% increase in their position. The disclosure for this purchase is available in the SEC filing. 8.60% of the stock is owned by insiders.

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.