AustralianSuper Pty Ltd Acquires Shares of 663 NVR, Inc. $NVR

AustralianSuper Pty Ltd acquired a new stake in shares of NVR, Inc. (NYSE:NVR) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 663 shares of the construction company’s stock, valued at approximately $4,835,000.

Several other large investors have also bought and sold shares of the company. Deseret Mutual Benefit Administrators boosted its position in NVR by 8.3% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 26 shares of the construction company’s stock valued at $209,000 after acquiring an additional 2 shares in the last quarter. Drive Wealth Management LLC boosted its position in NVR by 7.1% during the 3rd quarter. Drive Wealth Management LLC now owns 30 shares of the construction company’s stock valued at $241,000 after acquiring an additional 2 shares in the last quarter. CI Investments Inc. boosted its position in NVR by 13.3% during the 3rd quarter. CI Investments Inc. now owns 17 shares of the construction company’s stock valued at $137,000 after acquiring an additional 2 shares in the last quarter. Castleview Partners LLC boosted its position in NVR by 2.8% during the 4th quarter. Castleview Partners LLC now owns 74 shares of the construction company’s stock valued at $540,000 after acquiring an additional 2 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of NVR by 0.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 425 shares of the construction company’s stock valued at $3,099,000 after purchasing an additional 2 shares during the last quarter. 83.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Michael J. Devito acquired 11 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was bought at an average cost of $6,699.50 per share, for a total transaction of $73,694.50. Following the acquisition, the director directly owned 25 shares in the company, valued at approximately $167,487.50. The trade was a 78.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 8.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NVR has been the subject of several recent research reports. Seaport Research Partners reiterated a “sell” rating and set a $5,664.00 target price on shares of NVR in a report on Tuesday, April 7th. 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. Weiss Ratings lowered shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Bank of America lowered their target price on shares of 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 target price on shares of 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 equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, NVR presently has a consensus rating of “Hold” and a consensus price target of $7,649.33.

NVR Price Performance

NVR stock opened at $5,549.87 on Friday. The firm has a 50 day moving average price of $6,499.35 and a 200-day moving average price of $7,135.87. NVR, Inc. has a 52-week low of $5,501.01 and a 52-week high of $8,618.28. The firm has a market capitalization of $14.98 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 4.13 and a beta of 0.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.67 and a current ratio of 5.19.

NVR (NYSE:NVR) last announced its quarterly earnings data 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). NVR had a return on equity of 32.66% and a net margin of 12.93%.The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the previous year, the firm earned $94.83 earnings per share. NVR’s revenue was down 21.7% on a year-over-year basis. Equities research analysts forecast that NVR, Inc. will post 380.26 EPS for the current fiscal year.

NVR declared that its Board of Directors has authorized a share repurchase program on Wednesday, February 11th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are 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.