Delta Global Management LP Buys 211 Shares of NVR, Inc. $NVR

Delta Global Management LP lifted its stake in shares of NVR, Inc. (NYSE:NVR) by 237.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 300 shares of the construction company’s stock after purchasing an additional 211 shares during the quarter. Delta Global Management LP’s holdings in NVR were worth $2,410,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NVR. Empirical Finance LLC boosted its holdings in shares of NVR by 1.9% during the 2nd quarter. Empirical Finance LLC now owns 109 shares of the construction company’s stock valued at $805,000 after acquiring an additional 2 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in NVR by 5.9% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 36 shares of the construction company’s stock worth $276,000 after purchasing an additional 2 shares in the last quarter. Cresset Asset Management LLC raised its position in NVR by 1.7% in the second quarter. Cresset Asset Management LLC now owns 120 shares of the construction company’s stock valued at $886,000 after purchasing an additional 2 shares during the last quarter. Pure Financial Advisors LLC raised its position in NVR by 0.7% in the third quarter. Pure Financial Advisors LLC now owns 308 shares of the construction company’s stock valued at $2,475,000 after purchasing an additional 2 shares during the last quarter. Finally, SkyOak Wealth LLC boosted its stake in shares of NVR by 6.9% during the third quarter. SkyOak Wealth LLC now owns 31 shares of the construction company’s stock valued at $249,000 after purchasing an additional 2 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NVR. UBS Group set a $8,100.00 price objective on NVR in a research note on Friday, February 13th. BTIG Research began coverage on shares of NVR in a research report on Monday, December 1st. They set a “buy” rating and a $9,022.00 target price on the stock. Truist Financial started coverage on shares of NVR in a report on Wednesday, March 4th. They set a “hold” rating and a $7,700.00 target price on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a research 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 price target for the company in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $8,182.83.

NVR Trading Up 1.6%

NVR opened at $6,567.33 on Tuesday. NVR, Inc. has a twelve month low of $6,368.70 and a twelve month high of $8,618.28. The company has a quick ratio of 3.71, a current ratio of 6.21 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average of $7,469.62 and a 200-day moving average of $7,587.86. The stock has a market cap of $18.32 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 2.20 and a beta of 1.04.

NVR (NYSE:NVR) last released its earnings results on Wednesday, January 28th. The construction company reported $121.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $105.42 by $16.12. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.41 billion. NVR had a net margin of 13.27% and a return on equity of 34.28%. NVR’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $139.93 earnings per share. On average, sell-side analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to buy up to 3.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In related news, Director Susan Williamson Ross sold 220 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $8,000.00, for a total transaction of $1,760,000.00. Following the completion of the sale, the director owned 386 shares of the company’s stock, valued at $3,088,000. This trade represents a 36.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Matthew B. Kelpy sold 500 shares of NVR stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the completion of the sale, the chief accounting officer owned 208 shares of the company’s stock, valued at approximately $1,684,800. The trade was a 70.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,120 shares of company stock valued at $9,012,736. Corporate insiders own 7.80% of the company’s stock.

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.