Legal & General Group Plc Lowers Holdings in NVR, Inc. $NVR

Legal & General Group Plc trimmed its position in NVR, Inc. (NYSE:NVR) by 6.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 20,068 shares of the construction company’s stock after selling 1,313 shares during the period. Legal & General Group Plc’s holdings in NVR were worth $146,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oakworth Capital Inc. purchased a new position in NVR in the 4th quarter valued at $36,000. State of Wyoming purchased a new position in NVR in the 2nd quarter valued at $44,000. USA Financial Formulas grew its position in NVR by 75.0% in the 4th quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock valued at $51,000 after buying an additional 3 shares during the last quarter. Zions Bancorporation National Association UT boosted its stake in shares of 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 buying an additional 6 shares in the last quarter. Finally, Fulcrum Asset Management LLP purchased a new stake in shares of NVR in the third quarter valued at approximately $56,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NVR has been the topic of a number of analyst reports. Seaport Research Partners restated a “sell” rating and issued a $5,664.00 price target on shares of NVR in a research note on Tuesday, April 7th. BTIG Research restated a “buy” rating and set a $8,096.00 target price on shares of NVR in a research report on Wednesday, April 22nd. Weiss Ratings lowered shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. UBS Group decreased their target price on shares of NVR from $8,100.00 to $7,700.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Finally, Bank of America decreased their target price on shares of NVR from $8,600.00 to $8,225.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $7,649.33.

NVR Price Performance

Shares of NYSE NVR opened at $6,152.94 on Friday. The firm has a market capitalization of $16.61 billion, a P/E ratio of 15.00, a PEG ratio of 4.49 and a beta of 0.95. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,618.28. The company’s fifty day moving average is $6,370.36 and its two-hundred day moving average is $7,055.28. 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 (NYSE:NVR) last issued its earnings results 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 for the quarter, compared to analysts’ expectations of $2.09 billion. NVR had a return on equity of 32.66% and a net margin of 12.93%.NVR’s revenue for the quarter was down 21.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $94.83 earnings per share. Analysts forecast that NVR, Inc. will post 375.15 EPS for the current fiscal year.

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

Insiders Place Their Bets

In other news, Director Michael J. Devito bought 11 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was purchased at an average price of $6,699.50 per share, with a total value of $73,694.50. Following the purchase, the director owned 25 shares of the company’s stock, valued at $167,487.50. This trade represents a 78.57% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 8.60% of the company’s stock.

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.