Principal Financial Group Inc. Sells 1,271 Shares of NVR, Inc. $NVR

Key Points

• Principal Financial Group reduced its stake in NVR by 2.1%, selling 1,271 shares and leaving 59,036 shares (about 2.08% of the company) worth roughly $430.54 million, while institutional investors own about 83.67% of NVR.
• NVR reported a significant quarterly earnings miss, with EPS of $67.76 versus $79.97 expected and revenue of $1.91 billion (down 21.7% year‑over‑year), contributing to recent downward pressure on the stock.
• Several analysts trimmed price targets (consensus rating: Hold, average target ~$7,649.33), even as the board approved a $750 million share buyback program (up to ~3.3% of shares outstanding).

Principal Financial Group Inc. lowered its position in NVR, Inc. (NYSE:NVR - Free Report) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,036 shares of the construction company's stock after selling 1,271 shares during the quarter. Principal Financial Group Inc. owned 2.08% of NVR worth $430,536,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NVR. Benjamin Edwards Inc. lifted its position in shares of NVR by 14.1% during the 4th quarter. Benjamin Edwards Inc. now owns 243 shares of the construction company's stock worth $1,772,000 after buying an additional 30 shares during the period. Horizon Investments LLC lifted its position in shares of NVR by 25.9% during the 4th quarter. Horizon Investments LLC now owns 403 shares of the construction company's stock worth $2,939,000 after buying an additional 83 shares during the period. Fifth Third Bancorp lifted its position in shares of NVR by 14.7% during the 4th quarter. Fifth Third Bancorp now owns 39 shares of the construction company's stock worth $284,000 after buying an additional 5 shares during the period. Oakworth Capital Inc. bought a new position in shares of NVR during the 4th quarter worth approximately $36,000. Finally, Certuity LLC lifted its position in shares of NVR by 32.4% during the 4th quarter. Certuity LLC now owns 139 shares of the construction company's stock worth $1,014,000 after buying an additional 34 shares during the period. Institutional investors own 83.67% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on NVR shares. Bank of America cut their target price on NVR from $8,600.00 to $8,225.00 and set a "buy" rating for the company in a research report on Monday, April 20th. Truist Financial cut their target price on NVR from $7,100.00 to $6,600.00 and set a "hold" rating for the company in a research report on Thursday, April 23rd. UBS Group cut their target price on NVR from $8,100.00 to $7,700.00 and set a "neutral" rating for the company in a research report on Thursday, April 23rd. Zelman & Associates upgraded NVR from a "sell" rating to a "hold" rating and set a $7,675.00 target price for the company in a research report on Thursday, January 29th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of NVR in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $7,649.33.

Insider Buying and Selling at NVR

In other NVR news, Director Susan Williamson Ross sold 220 shares of NVR stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $8,000.00, for a total value of $1,760,000.00. Following the completion of the transaction, the director owned 386 shares in the company, valued at approximately $3,088,000. The trade was a 36.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael J. Devito acquired 11 shares of the business's stock in a transaction on Friday, April 24th. The stock was acquired at an average price of $6,699.50 per share, with a total value of $73,694.50. Following the transaction, the director owned 25 shares in the company, valued at approximately $167,487.50. The trade was a 78.57% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders sold 1,120 shares of company stock worth $9,012,736. 8.60% of the stock is currently owned by insiders.

NVR Trading Down 3.4%

Shares of NVR opened at $5,942.35 on Tuesday. The stock has a fifty day moving average price of $6,780.56 and a two-hundred day moving average price of $7,245.76. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.71 and a current ratio of 6.21. NVR, Inc. has a 52-week low of $5,930.00 and a 52-week high of $8,618.28. The company has a market cap of $16.51 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 4.32 and a beta of 0.95.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The construction company reported $67.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $79.97 by ($12.21). NVR had a net margin of 12.93% and a return on equity of 31.82%. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the previous year, the firm posted $94.83 EPS. The company's revenue for the quarter was down 21.7% compared to the same quarter last year. Analysts predict that NVR, Inc. will post 393.81 EPS for the current fiscal year.

NVR announced that its board has approved a stock buyback plan on Wednesday, February 11th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to purchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its shares are undervalued.

NVR Company Profile

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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