Van ECK Associates Corp Acquires 50 Shares of NVR, Inc. (NYSE:NVR)

Van ECK Associates Corp boosted its holdings in shares of NVR, Inc. (NYSE:NVRFree Report) by 7.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 687 shares of the construction company’s stock after buying an additional 50 shares during the period. Van ECK Associates Corp’s holdings in NVR were worth $5,565,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Valued Wealth Advisors LLC boosted its position in shares of NVR by 100.0% during the first quarter. Valued Wealth Advisors LLC now owns 4 shares of the construction company’s stock valued at $32,000 after buying an additional 2 shares during the last quarter. SkyOak Wealth LLC bought a new stake in shares of NVR in the 1st quarter worth $381,000. Principal Financial Group Inc. raised its holdings in shares of NVR by 0.4% in the first quarter. Principal Financial Group Inc. now owns 52,451 shares of the construction company’s stock valued at $424,851,000 after purchasing an additional 191 shares during the last quarter. Crew Capital Management Ltd. bought a new position in shares of NVR during the first quarter valued at about $640,000. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of NVR by 34.5% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 74 shares of the construction company’s stock valued at $599,000 after purchasing an additional 19 shares in the last quarter. 83.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In other NVR news, CAO Matthew B. Kelpy sold 200 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $7,700.00, for a total transaction of $1,540,000.00. Following the sale, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at $1,771,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $7,700.00, for a total value of $1,540,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,771,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Paul C. Saville sold 300 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $7,670.42, for a total value of $2,301,126.00. Following the sale, the chairman now owns 106,860 shares in the company, valued at approximately $819,661,081.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,600 shares of company stock valued at $12,233,609. 7.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. StockNews.com upgraded shares of NVR from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. UBS Group increased their price target on NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th.

Read Our Latest Analysis on NVR

NVR Stock Performance

NYSE NVR traded down $17.28 during trading hours on Friday, reaching $7,439.71. 10,269 shares of the company were exchanged, compared to its average volume of 19,278. The company has a quick ratio of 3.97, a current ratio of 6.52 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $23.29 billion, a P/E ratio of 15.54, a P/E/G ratio of 3.10 and a beta of 1.17. The business’s 50 day simple moving average is $7,567.14 and its 200-day simple moving average is $7,493.23. NVR, Inc. has a 1 year low of $5,210.49 and a 1 year high of $8,211.40.

NVR (NYSE:NVRGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The construction company reported $116.41 earnings per share for the quarter, beating the consensus estimate of $103.97 by $12.44. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.25 billion. NVR had a return on equity of 38.54% and a net margin of 17.33%. NVR’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $99.89 earnings per share. On average, equities research analysts expect that NVR, Inc. will post 493.93 earnings per share for the current year.

NVR announced that its Board of Directors has authorized a stock buyback plan on Tuesday, May 7th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 3.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

About NVR

(Free Report)

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.

Further Reading

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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