Diamond Hill Capital Management Inc. Has $221.91 Million Stock Position in NVR, Inc. $NVR

Diamond Hill Capital Management Inc. decreased its stake in NVR, Inc. (NYSE:NVR) by 24.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,429 shares of the construction company’s stock after selling 9,689 shares during the period. Diamond Hill Capital Management Inc.’s holdings in NVR were worth $221,912,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of NVR. Brighton Jones LLC grew its stake in shares of NVR by 68.9% in the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock worth $622,000 after acquiring an additional 31 shares during the last quarter. Woodline Partners LP lifted its position in NVR by 28.4% in the first quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock worth $1,833,000 after purchasing an additional 56 shares during the period. EverSource Wealth Advisors LLC lifted its position in NVR by 100.0% in the second quarter. EverSource Wealth Advisors LLC now owns 10 shares of the construction company’s stock worth $75,000 after purchasing an additional 5 shares during the period. Cerity Partners LLC lifted its position in NVR by 7.9% in the second quarter. Cerity Partners LLC now owns 409 shares of the construction company’s stock worth $3,021,000 after purchasing an additional 30 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in NVR by 3.7% in the second quarter. Daiwa Securities Group Inc. now owns 449 shares of the construction company’s stock worth $3,316,000 after purchasing an additional 16 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Performance

NVR stock opened at $6,046.36 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.19 and a quick ratio of 2.67. The stock has a fifty day moving average price of $6,416.75 and a two-hundred day moving average price of $7,093.67. NVR, Inc. has a 52-week low of $5,501.01 and a 52-week high of $8,618.28. The firm has a market capitalization of $16.33 billion, a P/E ratio of 14.74, a P/E/G ratio of 4.41 and a beta of 0.95.

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

NVR announced that its Board of Directors has authorized 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 purchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NVR. BTIG Research reaffirmed a “buy” rating and issued a $8,096.00 target price on shares of NVR in a research report on Wednesday, April 22nd. Weiss Ratings cut NVR from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. UBS Group reduced their target price on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Zelman & Associates raised NVR from a “sell” rating to a “hold” rating and set a $7,675.00 target price for the company in a research report on Thursday, January 29th. Finally, Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $7,649.33.

Insider Transactions at NVR

In related news, Director Michael J. Devito acquired 11 shares of the company’s stock in a transaction on Friday, April 24th. The stock was purchased at an average cost of $6,699.50 per share, for a total transaction of $73,694.50. Following the completion of the purchase, the director directly owned 25 shares of the company’s stock, valued at $167,487.50. The trade was a 78.57% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.60% of the stock is owned by corporate insiders.

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.