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

Key Points

• First Trust Advisors LP increased its stake in NVR to 25,685 shares (up 2.7% in Q3), a position valued at $206.37 million and representing about 0.90% of the company.
• NVR beat the quarter's expectations (EPS $121.54 vs. $105.42; revenue $2.74B vs. $2.41B) and its board authorized a $750 million share buyback, equal to roughly 3.3% of outstanding shares.
• Insiders have sold 1,120 shares (~$9.01 million) in the past 90 days, and analysts' consensus rating is a Hold with an average price target around $8,182.83.

First Trust Advisors LP increased its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 2.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 25,685 shares of the construction company's stock after purchasing an additional 668 shares during the period. First Trust Advisors LP owned 0.90% of NVR worth $206,371,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. IFG Advisory LLC lifted its position in shares of NVR by 23.9% in the third quarter. IFG Advisory LLC now owns 347 shares of the construction company's stock valued at $2,788,000 after buying an additional 67 shares during the last quarter. Cambria Investment Management L.P. acquired a new position in shares of NVR during the 3rd quarter worth approximately $305,000. Dimensional Fund Advisors LP increased its holdings in shares of NVR by 7.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 37,420 shares of the construction company's stock worth $300,670,000 after acquiring an additional 2,453 shares during the last quarter. Montag A & Associates Inc. raised its stake in NVR by 3.6% in the 3rd quarter. Montag A & Associates Inc. now owns 430 shares of the construction company's stock valued at $3,455,000 after acquiring an additional 15 shares during the period. Finally, Cresset Asset Management LLC raised its stake in NVR by 2.5% in the 3rd quarter. Cresset Asset Management LLC now owns 123 shares of the construction company's stock valued at $988,000 after acquiring an additional 3 shares during the period. Institutional investors and hedge funds own 83.67% of the company's stock.

Analysts Set New Price Targets

NVR has been the subject of a number of research analyst reports. UBS Group set a $8,100.00 price objective on shares of NVR in a research report on Friday, February 13th. BTIG Research initiated coverage on shares of NVR in a research report on Monday, December 1st. They issued a "buy" rating and a $9,022.00 price objective on the stock. Weiss Ratings restated a "hold (c+)" rating on shares of NVR in a research note on Thursday, January 22nd. Truist Financial initiated coverage on shares of NVR in a report on Wednesday. They set a "hold" rating and a $7,700.00 target price for the company. Finally, Zelman & Associates upgraded shares of NVR from a "sell" rating to a "hold" rating and set a $7,675.00 price target on the stock in a research note on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, NVR currently has an average rating of "Hold" and a consensus price target of $8,182.83.

Insider Transactions at NVR

In other NVR news, Director Susan Williamson Ross sold 220 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $8,000.00, for a total transaction of $1,760,000.00. Following the transaction, the director owned 386 shares in the company, valued at $3,088,000. This represents a 36.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Matthew B. Kelpy sold 500 shares of the firm's stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total transaction of $4,050,000.00. Following the transaction, the chief accounting officer directly owned 208 shares in the company, valued at $1,684,800. This represents a 70.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,120 shares of company stock worth $9,012,736. 7.00% of the stock is owned by insiders.

NVR Stock Performance

Shares of NYSE NVR opened at $6,958.28 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.21 and a quick ratio of 3.71. The stock's fifty day moving average price is $7,552.24 and its two-hundred day moving average price is $7,651.93. NVR, Inc. has a one year low of $6,562.85 and a one year high of $8,618.28. The firm has a market cap of $19.41 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 2.37 and a beta of 1.04.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The construction company reported $121.54 earnings per share for the quarter, topping the consensus estimate of $105.42 by $16.12. The firm had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $2.41 billion. NVR had a return on equity of 34.28% and a net margin of 13.27%.The company's quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $139.93 EPS. On average, equities analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its Board of Directors has initiated a share buyback program on Wednesday, February 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 3.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

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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