First Trust Advisors LP Has $206.37 Million Stock Holdings in NVR, Inc. $NVR

First Trust Advisors LP grew its stake in shares of NVR, Inc. (NYSE:NVR) by 2.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 25,685 shares of the construction company’s stock after acquiring an additional 668 shares during the quarter. First Trust Advisors LP’s holdings in NVR were worth $206,371,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Brighton Jones LLC lifted its position in NVR by 68.9% during the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock worth $622,000 after purchasing an additional 31 shares during the period. Woodline Partners LP grew its stake in NVR by 28.4% during the first quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock worth $1,833,000 after buying an additional 56 shares in the last quarter. Assetmark Inc. increased its holdings in NVR by 50.0% in the 2nd quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock valued at $44,000 after buying an additional 2 shares during the period. Crestwood Advisors Group LLC raised its position in shares of NVR by 12.1% in the 2nd quarter. Crestwood Advisors Group LLC now owns 37 shares of the construction company’s stock valued at $273,000 after buying an additional 4 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. raised its position in shares of NVR by 4.3% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 1,044 shares of the construction company’s stock valued at $7,709,000 after buying an additional 43 shares in the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NVR. UBS Group set a $8,100.00 price target on shares of NVR in a research report on Friday, February 13th. Zelman & Associates upgraded shares of NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price objective for the company in a research report on Thursday, January 29th. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Truist Financial assumed coverage on NVR in a research note on Wednesday. They set a “hold” rating and a $7,700.00 target price for the company. Finally, BTIG Research assumed coverage on shares of NVR in a research note on Monday, December 1st. They issued a “buy” rating and a $9,022.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, NVR has a consensus rating of “Hold” and an average price target of $8,182.83.

NVR Stock Down 1.6%

Shares of NVR opened at $6,958.28 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.71 and a current ratio of 6.21. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $8,618.28. The stock has a market capitalization of $19.41 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 2.37 and a beta of 1.04. The stock has a fifty day moving average of $7,552.24 and a 200-day moving average of $7,651.93.

NVR (NYSE:NVR) last issued its quarterly earnings data on Wednesday, January 28th. The construction company reported $121.54 earnings per share for the quarter, topping analysts’ consensus estimates of $105.42 by $16.12. NVR had a return on equity of 34.28% and a net margin of 13.27%.The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the previous year, the company posted $139.93 EPS. NVR’s quarterly revenue was down 5.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has approved a share repurchase program on Wednesday, February 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 3.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Transactions at NVR

In related news, CAO Matthew B. Kelpy sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the completion of the transaction, the chief accounting officer owned 208 shares in the company, valued at $1,684,800. This trade represents a 70.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan Williamson Ross sold 200 shares of NVR stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $7,922.06, for a total transaction of $1,584,412.00. Following the sale, the director owned 386 shares in the company, valued at approximately $3,057,915.16. This represents a 34.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,120 shares of company stock worth $9,012,736 over the last three months. Insiders own 7.00% 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.