Thrivent Financial for Lutherans lifted its position in NVR, Inc. (NYSE:NVR – Free Report) by 0.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 12,410 shares of the construction company’s stock after buying an additional 106 shares during the quarter. Thrivent Financial for Lutherans’ holdings in NVR were worth $90,503,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in NVR. Oakworth Capital Inc. purchased a new position in shares of NVR in the fourth quarter worth approximately $36,000. State of Wyoming purchased a new position in shares of NVR in the second quarter worth approximately $44,000. USA Financial Formulas increased its position in shares of NVR by 75.0% in the fourth quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock worth $51,000 after acquiring an additional 3 shares in the last quarter. Zions Bancorporation National Association UT increased its position 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 worth $56,000 after acquiring an additional 6 shares in the last quarter. Finally, Fulcrum Asset Management LLP purchased a new position in NVR during the third quarter valued at approximately $56,000. 83.67% of the stock is owned by hedge funds and other institutional investors.
NVR Stock Performance
Shares of NVR opened at $5,549.87 on Friday. The company’s 50 day moving average price is $6,499.35 and its 200 day moving average price is $7,135.87. NVR, Inc. has a 52 week low of $5,501.01 and a 52 week high of $8,618.28. The company has a market capitalization of $14.98 billion, a PE ratio of 13.53, a PEG ratio of 4.13 and a beta of 0.95. 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 announced that its board has initiated 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 a sign that the company’s leadership believes its shares are undervalued.
Wall Street Analyst Weigh In
NVR has been the topic of a number of research analyst reports. Truist Financial lowered their price objective on shares of NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Weiss Ratings downgraded shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Bank of America lowered their price objective 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. BTIG Research reaffirmed a “buy” rating and set a $8,096.00 price objective on shares of NVR in a research report on Wednesday, April 22nd. Finally, Seaport Research Partners reaffirmed a “sell” rating and set a $5,664.00 price objective on shares of NVR in a research report on Tuesday, April 7th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $7,649.33.
Insider Transactions at NVR
In other NVR news, Director Michael J. Devito bought 11 shares of NVR 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.60% of the stock is owned by company 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.
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