NVR, Inc. $NVR Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. trimmed its holdings in shares of NVR, Inc. (NYSE:NVR) by 66.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44 shares of the construction company’s stock after selling 87 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in NVR were worth $354,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NVR. Assetmark Inc. lifted its holdings in shares of NVR by 50.0% in the 2nd quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock worth $44,000 after acquiring an additional 2 shares during the last quarter. State of Wyoming acquired a new stake in NVR in the 2nd quarter valued at approximately $44,000. Zions Bancorporation National Association UT raised its position in NVR by 600.0% in the third quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock valued at $56,000 after purchasing an additional 6 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in NVR in the second quarter valued at approximately $59,000. Finally, Financial Gravity Companies Inc. acquired a new position in NVR during the second quarter worth $66,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Performance

Shares of NVR stock opened at $6,786.14 on Wednesday. The business has a 50-day simple moving average of $7,531.58 and a 200-day simple moving average of $7,631.61. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.71 and a current ratio of 6.21. NVR, Inc. has a one year low of $6,562.85 and a one year high of $8,618.28. The company has a market cap of $18.93 billion, a PE ratio of 15.52, a P/E/G ratio of 2.34 and a beta of 1.04.

NVR (NYSE:NVR) last announced its quarterly earnings data on Wednesday, January 28th. The construction company reported $121.54 EPS for the quarter, beating analysts’ consensus estimates of $105.42 by $16.12. NVR had a net margin of 13.27% and a return on equity of 34.28%. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the prior year, the firm posted $139.93 EPS. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, equities research analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its Board of Directors has initiated a stock repurchase program on Wednesday, February 11th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 3.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Transactions at NVR

In other news, Director Susan Williamson Ross sold 200 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $7,922.06, for a total transaction of $1,584,412.00. Following the sale, the director owned 386 shares of the company’s stock, valued at approximately $3,057,915.16. This trade represents a 34.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Matthew B. Kelpy sold 500 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,050,000.00. Following the completion of the sale, the chief accounting officer directly owned 208 shares of the company’s stock, valued at approximately $1,684,800. This trade represents a 70.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,120 shares of company stock valued at $9,012,736 over the last ninety days. 7.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NVR. UBS Group set a $8,100.00 price objective on NVR in a research note on Friday, February 13th. Truist Financial started coverage on shares of NVR in a research report on Wednesday, March 4th. They set a “hold” rating and a $7,700.00 price target on the stock. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. Finally, Zelman & Associates raised shares of NVR from a “sell” rating to a “hold” rating and set a $7,675.00 target price on the stock in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, NVR has a consensus rating of “Hold” and a consensus price target of $8,182.83.

NVR Company 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.