Arizona State Retirement System Increases Stock Holdings in NVR, Inc. (NYSE:NVR)

Posted by Defense World Staff on May 8th, 2023

Arizona State Retirement System grew its position in shares of NVR, Inc. (NYSE:NVR – Get Rating) by 2.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 882 shares of the construction company’s stock after acquiring an additional 24 shares during the period. Arizona State Retirement System’s holdings in NVR were worth $4,068,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dupont Capital Management Corp lifted its position in NVR by 100.0% during the 4th quarter. Dupont Capital Management Corp now owns 6 shares of the construction company’s stock valued at $28,000 after acquiring an additional 3 shares during the period. U.S. Capital Wealth Advisors LLC purchased a new position in shares of NVR during the fourth quarter valued at approximately $32,000. UMB Bank n.a. grew its stake in shares of NVR by 166.7% in the 4th quarter. UMB Bank n.a. now owns 8 shares of the construction company’s stock worth $37,000 after buying an additional 5 shares during the last quarter. Ellevest Inc. increased its position in NVR by 100.0% during the 3rd quarter. Ellevest Inc. now owns 12 shares of the construction company’s stock valued at $48,000 after buying an additional 6 shares in the last quarter. Finally, CWM LLC raised its stake in NVR by 71.4% during the fourth quarter. CWM LLC now owns 12 shares of the construction company’s stock valued at $55,000 after buying an additional 5 shares during the last quarter. 82.96% of the stock is owned by hedge funds and other institutional investors.

NVR Price Performance

NYSE NVR opened at $5,852.47 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.63 and a current ratio of 5.75. The business’s fifty day moving average is $5,533.79 and its 200 day moving average is $4,999.43. The company has a market capitalization of $19.02 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 3.29 and a beta of 0.99. NVR, Inc. has a fifty-two week low of $3,576.01 and a fifty-two week high of $5,986.96.

NVR (NYSE:NVR – Get Rating) last released its earnings results on Tuesday, April 25th. The construction company reported $99.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $88.96 by $10.93. NVR had a net margin of 16.20% and a return on equity of 48.97%. The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the firm posted $116.56 EPS. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. Sell-side analysts predict that NVR, Inc. will post 417.99 earnings per share for the current year.

Insider Activity

In related news, CFO Daniel David Malzahn sold 100 shares of the company’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $5,213.22, for a total value of $521,322.00. Following the completion of the transaction, the chief financial officer now owns 6,976 shares of the company’s stock, valued at approximately $36,367,422.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other NVR news, CFO Daniel David Malzahn sold 100 shares of NVR stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $5,213.22, for a total value of $521,322.00. Following the sale, the chief financial officer now directly owns 6,976 shares in the company, valued at approximately $36,367,422.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Alfred E. Festa sold 1,600 shares of the stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $5,032.84, for a total value of $8,052,544.00. Following the transaction, the director now directly owns 321 shares of the company’s stock, valued at $1,615,541.64. The disclosure for this sale can be found here. Insiders have sold 11,047 shares of company stock worth $60,917,852 in the last three months. Company insiders own 8.60% of the company’s stock.

Analysts Set New Price Targets

NVR has been the subject of several analyst reports. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. KeyCorp boosted their target price on shares of NVR from $5,120.00 to $6,000.00 and gave the company an “overweight” rating in a research note on Monday, February 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $4,956.00.

NVR Company Profile

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NVR, Inc engages in the construction and sale of single-family detached homes, townhomes and condominium buildings. It operates through the following geographical segments: Mid Atlantic, North East, Mid East, and South East. The company was founded in 1980 and is headquartered in Reston, VA.