Stifel Financial Corp Purchases 72 Shares of NVR, Inc. (NVR)
Stifel Financial Corp increased its position in NVR, Inc. (NYSE:NVR) by 39.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 253 shares of the construction company’s stock after purchasing an additional 72 shares during the period. Stifel Financial Corp’s holdings in NVR were worth $616,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of NVR by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,562 shares of the construction company’s stock worth $52,546,000 after acquiring an additional 805 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of NVR by 3.2% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,740 shares of the construction company’s stock worth $6,677,000 after acquiring an additional 85 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of NVR by 334.6% in the fourth quarter. Hsbc Holdings PLC now owns 2,551 shares of the construction company’s stock worth $6,215,000 after acquiring an additional 1,964 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of NVR by 50.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,500 shares of the construction company’s stock worth $3,655,000 after acquiring an additional 500 shares during the last quarter. Finally, Aptus Capital Advisors LLC purchased a new stake in shares of NVR in the fourth quarter worth $1,800,000. 79.68% of the stock is currently owned by institutional investors.
In related news, Director Dwight C. Schar sold 9,985 shares of the stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $2,622.86, for a total transaction of $26,189,257.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Dwight C. Schar sold 5,401 shares of the stock in a transaction on Friday, February 1st. The shares were sold at an average price of $2,669.50, for a total value of $14,417,969.50. The disclosure for this sale can be found here. Insiders have sold 25,211 shares of company stock worth $66,653,412 over the last ninety days. 11.10% of the stock is currently owned by insiders.
NVR (NYSE:NVR) last released its quarterly earnings data on Friday, January 25th. The construction company reported $58.57 EPS for the quarter, beating the consensus estimate of $50.67 by $7.90. NVR had a return on equity of 48.57% and a net margin of 11.38%. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same period last year, the firm posted $40.16 earnings per share. NVR’s revenue was up 9.9% compared to the same quarter last year. As a group, equities analysts anticipate that NVR, Inc. will post 176.78 EPS for the current fiscal year.
NVR declared that its board has authorized a share repurchase plan on Wednesday, December 12th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 3.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
NVR has been the topic of a number of recent research reports. Buckingham Research initiated coverage on NVR in a research note on Friday, January 11th. They issued a “buy” rating on the stock. Zacks Investment Research reissued a “sell” rating on shares of NVR in a research note on Monday, December 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $2,911.80.
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NVR, Inc operates as a homebuilder in the United States. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.
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