Capstone Capital Management Ltd Purchases New Stake in NVR, Inc. $NVR

Capstone Capital Management Ltd acquired a new position in NVR, Inc. (NYSE:NVR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 137 shares of the construction company’s stock, valued at approximately $999,000. NVR accounts for 1.0% of Capstone Capital Management Ltd’s portfolio, making the stock its 21st largest holding.

Several other hedge funds also recently added to or reduced their stakes in NVR. Brighton Jones LLC grew its position in NVR by 68.9% in the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock worth $622,000 after acquiring an additional 31 shares during the period. Woodline Partners LP grew its position in NVR by 28.4% in the first quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock worth $1,833,000 after acquiring an additional 56 shares during the period. EverSource Wealth Advisors LLC grew its position in NVR by 100.0% in the second quarter. EverSource Wealth Advisors LLC now owns 10 shares of the construction company’s stock worth $75,000 after acquiring an additional 5 shares during the period. Cerity Partners LLC grew its position in NVR by 7.9% in the second quarter. Cerity Partners LLC now owns 409 shares of the construction company’s stock worth $3,021,000 after acquiring an additional 30 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in NVR by 3.7% in the second quarter. Daiwa Securities Group Inc. now owns 449 shares of the construction company’s stock worth $3,316,000 after acquiring an additional 16 shares during the period. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NVR

In related news, Director Michael J. Devito purchased 11 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were purchased at an average price of $6,699.50 per share, for a total transaction of $73,694.50. Following the transaction, the director directly owned 25 shares of the company’s stock, valued at approximately $167,487.50. The trade was a 78.57% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 8.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NVR has been the subject of several analyst reports. Seaport Research Partners reiterated a “sell” rating and issued a $5,664.00 price objective on shares of NVR in a research 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 research report on Thursday, April 23rd. 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 research report on Monday, April 20th. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Zelman & Associates upgraded NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price target for the company in a research report on Thursday, January 29th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $7,649.33.

NVR Stock Up 2.7%

NVR opened at $5,715.61 on Tuesday. The business’s 50-day simple moving average is $6,472.14 and its 200-day simple moving average is $7,121.44. 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, Inc. has a one year low of $5,501.01 and a one year high of $8,618.28. The stock has a market capitalization of $15.43 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 4.10 and a beta of 0.95.

NVR (NYSE:NVR) last posted its earnings results on Wednesday, April 22nd. The construction company reported $67.76 EPS 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 for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter last year, the firm posted $94.83 EPS. The firm’s revenue for the quarter was down 21.7% on a year-over-year basis. Analysts anticipate that NVR, Inc. will post 375.15 EPS for the current year.

NVR announced that its Board of Directors has authorized a share buyback plan on Wednesday, February 11th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 3.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management 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.