SG Americas Securities LLC Has $30.86 Million Stock Position in NVR, Inc. $NVR

Key Points

• SG Americas Securities LLC boosted its NVR stake by 669.5% in Q4 to 4,232 shares valued at $30.86 million, representing about 0.15% of the company amid overall institutional ownership of roughly 83.7%.
• Company insiders have sold 1,120 shares totaling $9.01 million in the past 90 days — including CAO Matthew Kelpy and Director Susan Williamson Ross — leaving insiders with about 7.0% ownership.
• NVR beat Q4 expectations (EPS $121.54 vs. $105.42; revenue $2.74B vs. $2.41B) and authorized a $750 million share buyback (about 3.3% of outstanding shares), while analysts' consensus is a "Hold" with a $8,182.83 price target.

SG Americas Securities LLC boosted its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 669.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,232 shares of the construction company's stock after purchasing an additional 3,682 shares during the quarter. SG Americas Securities LLC owned about 0.15% of NVR worth $30,863,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Assenagon Asset Management S.A. boosted its holdings in shares of NVR by 104.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 15,318 shares of the construction company's stock worth $111,711,000 after buying an additional 7,831 shares in the last quarter. Bennett Selby Investments LP boosted its stake in NVR by 15.0% during the fourth quarter. Bennett Selby Investments LP now owns 176 shares of the construction company's stock worth $1,284,000 after acquiring an additional 23 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in NVR by 6.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 381 shares of the construction company's stock worth $2,761,000 after acquiring an additional 24 shares in the last quarter. Nordea Investment Management AB grew its holdings in NVR by 368.4% in the fourth quarter. Nordea Investment Management AB now owns 4,394 shares of the construction company's stock worth $32,182,000 after purchasing an additional 3,456 shares during the period. Finally, GAMMA Investing LLC grew its holdings in NVR by 13.6% in the fourth quarter. GAMMA Investing LLC now owns 25 shares of the construction company's stock worth $182,000 after purchasing an additional 3 shares during the period. 83.67% of the stock is currently owned by institutional investors.

Insider Transactions at NVR

In related news, CAO Matthew B. Kelpy sold 500 shares of the firm's stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the transaction, the chief accounting officer owned 208 shares of the company's stock, valued at approximately $1,684,800. This trade represents a 70.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Williamson Ross sold 200 shares of NVR stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $7,922.06, for a total value of $1,584,412.00. Following the transaction, the director owned 386 shares of the company's stock, valued at $3,057,915.16. This trade represents a 34.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,120 shares of company stock worth $9,012,736 in the last 90 days. 7.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. BTIG Research assumed coverage on shares of NVR in a report on Monday, December 1st. They set a "buy" rating and a $9,022.00 price objective on the stock. 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 note on Thursday, January 29th. UBS Group set a $8,100.00 target price on NVR in a research report on Friday, February 13th. Truist Financial assumed coverage on NVR in a research note on Wednesday, March 4th. They set a "hold" rating and a $7,700.00 price target on the stock. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of NVR in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $8,182.83.

NVR Stock Performance

Shares of NVR stock opened at $6,548.11 on Thursday. The company has a current ratio of 6.21, a quick ratio of 3.71 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $7,335.78 and a two-hundred day simple moving average of $7,506.14. NVR, Inc. has a 12 month low of $6,301.02 and a 12 month high of $8,618.28. The firm has a market capitalization of $18.20 billion, a PE ratio of 14.98, a price-to-earnings-growth ratio of 2.21 and a beta of 1.04.

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

NVR declared that its Board of Directors has initiated a stock buyback plan 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 plans are typically an indication that the company's leadership 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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