Fox Run Management L.L.C. Buys New Shares in NVR, Inc. $NVR

Fox Run Management L.L.C. bought a new stake in NVR, Inc. (NYSE:NVR) in the fourth quarter, HoldingsChannel reports. The fund bought 108 shares of the construction company’s stock, valued at approximately $788,000.

A number of other institutional investors have also recently bought and sold shares of NVR. Oakworth Capital Inc. purchased a new stake in NVR during the fourth quarter worth approximately $36,000. State of Wyoming purchased a new stake in NVR during the second quarter worth approximately $44,000. Zions Bancorporation National Association UT grew its stake in NVR by 600.0% during the third quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock worth $56,000 after buying an additional 6 shares during the period. USA Financial Formulas grew its stake in NVR by 75.0% during the fourth quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock worth $51,000 after buying an additional 3 shares during the period. Finally, Clearstead Advisors LLC grew its stake in NVR by 75.0% during the fourth quarter. Clearstead Advisors LLC now owns 7 shares of the construction company’s stock worth $51,000 after buying an additional 3 shares during the period. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on NVR. Bank of America decreased their price objective on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Truist Financial decreased their price objective on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Seaport Research Partners reiterated a “sell” rating and set a $5,664.00 price objective on shares of NVR in a research note on Tuesday, April 7th. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, UBS Group decreased their price objective on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $7,649.33.

NVR Trading Down 1.6%

NYSE NVR opened at $6,306.15 on Thursday. The company’s fifty day simple moving average is $6,320.94 and its 200-day simple moving average is $6,990.51. NVR, Inc. has a 52 week low of $5,501.01 and a 52 week high of $8,618.28. The company has a current ratio of 5.19, a quick ratio of 2.67 and a debt-to-equity ratio of 0.26. The stock has a market cap of $17.02 billion, a P/E ratio of 15.37, a PEG ratio of 4.72 and a beta of 0.93.

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 period in the previous year, the firm posted $94.83 earnings per share. The company’s revenue for the quarter was down 21.7% on a year-over-year basis. Equities research analysts predict that NVR, Inc. will post 375.15 EPS for the current fiscal year.

NVR declared that its board has approved a share 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 repurchase up to 3.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Activity at NVR

In other news, Director Michael J. Devito bought 11 shares of NVR stock in a transaction dated 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 completion of the transaction, the director owned 25 shares in the company, valued at approximately $167,487.50. This trade represents 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. Insiders own 8.60% of the company’s stock.

About NVR

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.