American Century Companies Inc. Buys 48 Shares of NVR, Inc. $NVR

Key Points

• American Century Companies Inc. increased its stake in NVR, Inc. by 1.1% in the first quarter, owning approximately $32.9 million worth of the company's stock.
• Several large investors, including Brandywine Global Investment Management and Dimensional Fund Advisors, also expanded their holdings, indicating strong institutional interest as 83.67% of NVR stock is currently held by institutions and hedge funds.
• NVR recently reported earnings per share of $108.54, surpassing estimates, yet its revenue decreased by 0.5% year-over-year, raising concerns amidst the construction sector's challenges.

American Century Companies Inc. grew its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 1.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,542 shares of the construction company's stock after buying an additional 48 shares during the period. American Century Companies Inc. owned approximately 0.16% of NVR worth $32,904,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Fifth Third Wealth Advisors LLC lifted its holdings in shares of NVR by 1.1% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 177 shares of the construction company's stock worth $1,282,000 after purchasing an additional 2 shares in the last quarter. Peak Financial Advisors LLC lifted its holdings in shares of NVR by 1.3% in the 1st quarter. Peak Financial Advisors LLC now owns 153 shares of the construction company's stock worth $1,108,000 after purchasing an additional 2 shares in the last quarter. Salvus Wealth Management LLC lifted its holdings in shares of NVR by 0.6% in the 1st quarter. Salvus Wealth Management LLC now owns 338 shares of the construction company's stock worth $2,449,000 after purchasing an additional 2 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of NVR by 6.9% in the 1st quarter. Fifth Third Bancorp now owns 31 shares of the construction company's stock worth $225,000 after purchasing an additional 2 shares in the last quarter. Finally, Ballentine Partners LLC lifted its holdings in shares of NVR by 6.7% in the 1st quarter. Ballentine Partners LLC now owns 32 shares of the construction company's stock worth $232,000 after purchasing an additional 2 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NVR

In other news, Director Susan Williamson Ross sold 125 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the completion of the transaction, the director owned 386 shares in the company, valued at approximately $3,030,208.08. This represents a 24.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Matthew B. Kelpy sold 600 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the transaction, the chief accounting officer owned 208 shares of the company's stock, valued at $1,684,800. The trade was a 74.26% decrease in their position. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by corporate insiders.

NVR Stock Performance

Shares of NVR stock traded up $269.9250 during trading hours on Friday, hitting $8,223.8250. 17,357 shares of the company's stock traded hands, compared to its average volume of 15,989. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. The stock has a market capitalization of $23.60 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 11.42 and a beta of 0.94. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The company has a fifty day simple moving average of $7,660.46 and a 200-day simple moving average of $7,366.53.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, topping the consensus estimate of $104.89 by $3.65. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.46 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%.The firm's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $120.69 EPS. Equities research analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its Board of Directors has approved a stock repurchase program on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 3.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts recently commented on NVR shares. Wall Street Zen raised NVR from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. UBS Group increased their price target on NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. raised their target price on NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $8,783.33.

NVR Profile

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.