United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Buys Shares of 547 NVR, Inc. $NVR

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in NVR, Inc. (NYSE:NVR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 547 shares of the construction company’s stock, valued at approximately $3,989,000.

A number of other institutional investors also recently made changes to their positions in the business. Oakworth Capital Inc. bought a new stake in shares of NVR in the 4th quarter valued at approximately $36,000. State of Wyoming bought a new stake in shares of NVR in the 2nd quarter valued at approximately $44,000. USA Financial Formulas increased its holdings in shares of NVR by 75.0% in the 4th quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock valued at $51,000 after acquiring an additional 3 shares during the last quarter. Clearstead Advisors LLC increased its holdings in shares of NVR by 75.0% in the 4th quarter. Clearstead Advisors LLC now owns 7 shares of the construction company’s stock valued at $51,000 after acquiring an additional 3 shares during the last quarter. Finally, Zions Bancorporation National Association UT increased its holdings in shares of NVR by 600.0% in the 3rd quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock valued at $56,000 after acquiring an additional 6 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NVR

In related news, Director Michael J. Devito bought 11 shares of NVR stock in a transaction dated Friday, April 24th. The stock was acquired at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the completion of the acquisition, the director directly owned 25 shares in the company, valued at approximately $167,487.50. This trade represents a 78.57% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 8.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NVR has been the subject of a number of research analyst reports. Seaport Research Partners reiterated a “sell” rating and issued a $5,664.00 price target on shares of NVR in a report on Tuesday, April 7th. Truist Financial lowered their price target on NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. BTIG Research reiterated a “buy” rating and issued a $8,096.00 price target on shares of NVR in a report on Wednesday, April 22nd. Bank of America lowered their price target on NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a report on Monday, April 20th. Finally, UBS Group lowered their price target on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, NVR presently has a consensus rating of “Hold” and an average target price of $7,649.33.

NVR Trading Down 0.9%

Shares of NVR stock opened at $6,102.06 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.67 and a current ratio of 5.19. The firm has a market capitalization of $16.47 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 4.54 and a beta of 0.95. The stock has a fifty day moving average of $6,362.93 and a two-hundred day moving average of $7,048.61. NVR, Inc. has a 1 year low of $5,501.01 and a 1 year high of $8,618.28.

NVR (NYSE:NVR) last announced its earnings results on Wednesday, April 22nd. The construction company reported $67.76 EPS 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 company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the prior year, the company earned $94.83 earnings per share. The company’s revenue for the quarter was down 21.7% on a year-over-year basis. As a group, research analysts expect that NVR, Inc. will post 375.15 EPS for the current year.

NVR announced that its Board of Directors has approved a stock repurchase plan on Wednesday, February 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 3.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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.