Smead Capital Management Inc. Has $180.46 Million Position in NVR, Inc. $NVR

Smead Capital Management Inc. lowered its stake in NVR, Inc. (NYSE:NVR) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,745 shares of the construction company’s stock after selling 1,717 shares during the period. NVR accounts for 3.7% of Smead Capital Management Inc.’s portfolio, making the stock its 12th largest position. Smead Capital Management Inc.’s holdings in NVR were worth $180,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of NVR. Oakworth Capital Inc. acquired a new stake in shares of NVR in the fourth quarter valued at approximately $36,000. State of Wyoming acquired a new stake in NVR during the 2nd quarter worth $44,000. USA Financial Formulas grew its holdings in NVR by 75.0% during the 4th quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock worth $51,000 after acquiring an additional 3 shares during the period. Zions Bancorporation National Association UT grew its holdings in NVR by 600.0% during the 3rd quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock worth $56,000 after acquiring an additional 6 shares during the period. Finally, Fulcrum Asset Management LLP acquired a new stake in NVR during the 3rd quarter worth $56,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analyst Upgrades and Downgrades

NVR has been the subject of a number of analyst reports. Weiss Ratings lowered shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. Truist Financial lowered their target price on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Zelman & Associates raised shares of NVR from a “sell” rating to a “hold” rating and set a $7,675.00 target price for the company in a report on Thursday, January 29th. 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. Finally, BTIG Research reaffirmed a “buy” rating and set a $8,096.00 target price on shares of NVR in a report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, NVR has an average rating of “Hold” and a consensus target price of $7,649.33.

Insider Buying and Selling

In related news, Director Michael J. Devito acquired 11 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were acquired at an average cost of $6,699.50 per share, with a total value of $73,694.50. Following the transaction, the director owned 25 shares of the company’s stock, valued at $167,487.50. The trade was a 78.57% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.60% of the company’s stock.

NVR Trading Down 0.1%

Shares of NYSE NVR opened at $6,042.13 on Friday. The stock has a market cap of $16.31 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 4.45 and a beta of 0.95. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28. The company’s fifty day moving average is $6,405.30 and its 200-day moving average is $7,086.31. The company has a quick ratio of 2.67, a current ratio of 5.19 and a debt-to-equity ratio of 0.26.

NVR (NYSE:NVR) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $67.76 EPS for the quarter, missing the consensus estimate of $79.97 by ($12.21). The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $2.09 billion. NVR had a net margin of 12.93% and a return on equity of 32.66%. The company’s revenue was down 21.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $94.83 earnings per share. Equities research analysts predict that NVR, Inc. will post 375.15 EPS for the current year.

NVR announced that its board has approved a stock repurchase plan on Wednesday, February 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is 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.