Principal Financial Group Inc. Has $430.54 Million Stock Position in NVR, Inc. $NVR

Principal Financial Group Inc. reduced its position in NVR, Inc. (NYSE:NVR) by 2.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 59,036 shares of the construction company’s stock after selling 1,271 shares during the period. Principal Financial Group Inc.’s holdings in NVR were worth $430,536,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Research Global Investors increased its stake in shares of NVR by 8.0% in the 3rd quarter. Capital Research Global Investors now owns 133,003 shares of the construction company’s stock valued at $1,068,634,000 after buying an additional 9,877 shares during the period. M&T Bank Corp increased its stake in shares of NVR by 34,923.5% in the 4th quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock valued at $413,777,000 after buying an additional 56,576 shares during the period. JPMorgan Chase & Co. increased its stake in shares of NVR by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 43,318 shares of the construction company’s stock valued at $348,051,000 after buying an additional 1,718 shares during the period. Capital World Investors increased its stake in shares of NVR by 0.3% in the 3rd quarter. Capital World Investors now owns 40,576 shares of the construction company’s stock valued at $326,014,000 after buying an additional 109 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of NVR by 7.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 37,420 shares of the construction company’s stock valued at $300,670,000 after buying an additional 2,453 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NVR shares. Wall Street Zen cut NVR from a “hold” rating to a “sell” rating in a research note on Saturday, April 25th. BTIG Research reissued a “buy” rating and issued a $8,096.00 target price on shares of NVR in a research note on Wednesday, April 22nd. Zelman & Associates raised NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price objective for the company in a research note on Thursday, January 29th. UBS Group decreased their price objective on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, NVR presently has an average rating of “Hold” and an average target price of $7,649.33.

Insiders Place Their Bets

In other NVR news, Director Susan Williamson Ross sold 220 shares of NVR stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $8,000.00, for a total transaction of $1,760,000.00. Following the transaction, the director directly owned 386 shares in the company, valued at approximately $3,088,000. The trade was a 36.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael J. Devito bought 11 shares of NVR stock in a transaction on Friday, April 24th. The shares were acquired at an average price of $6,699.50 per share, for a total transaction of $73,694.50. Following the completion of the acquisition, the director owned 25 shares of the company’s stock, valued at approximately $167,487.50. This represents a 78.57% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have sold 1,120 shares of company stock worth $9,012,736. Corporate insiders own 8.60% of the company’s stock.

NVR Stock Performance

NVR stock opened at $5,942.35 on Tuesday. The business’s 50-day moving average price is $6,780.56 and its two-hundred day moving average price is $7,245.76. 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 firm has a market cap of $16.51 billion, a PE ratio of 14.49, a P/E/G ratio of 4.32 and a beta of 0.95. NVR, Inc. has a 1-year low of $5,930.00 and a 1-year high of $8,618.28.

NVR (NYSE:NVR) last posted 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). The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.09 billion. NVR had a return on equity of 31.82% and a net margin of 12.93%.The business’s revenue was down 21.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $94.83 earnings per share. As a group, research analysts forecast that NVR, Inc. will post 393.81 earnings per share for the current year.

NVR announced that its Board of Directors has approved a share 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 repurchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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.