Tudor Investment Corp ET AL Has $8.11 Million Position in NVR, Inc. $NVR

Key Points

• Tudor Investment Corp boosted its stake in NVR by 1,245.3% in Q3 to 1,009 shares, valued at about $8.11 million, and institutional investors/hedge funds now own roughly 83.67% of the stock.
• NVR beat expectations with Q results — EPS $121.54 vs. $105.42 estimate and revenue $2.74B vs. $2.41B estimate — although revenue was down 5.2% year‑over‑year, and the board authorized a $750 million share repurchase (≈3.3% of shares).
• Analysts have an average rating of "Hold" with an average price target of about $8,182.83; the company has a market cap of $18.17 billion and a one‑year trading range of $6,301.02–$8,618.28.

Tudor Investment Corp ET AL grew its stake in NVR, Inc. (NYSE:NVR - Free Report) by 1,245.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,009 shares of the construction company's stock after acquiring an additional 934 shares during the quarter. Tudor Investment Corp ET AL's holdings in NVR were worth $8,107,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of NVR. Principal Financial Group Inc. boosted its position in shares of NVR by 4.0% during the third quarter. Principal Financial Group Inc. now owns 60,307 shares of the construction company's stock worth $484,546,000 after purchasing an additional 2,331 shares in the last quarter. Nordea Investment Management AB increased its position in shares of NVR by 262.2% in the 3rd quarter. Nordea Investment Management AB now owns 938 shares of the construction company's stock valued at $7,522,000 after buying an additional 679 shares in the last quarter. iA Global Asset Management Inc. bought a new stake in shares of NVR in the 3rd quarter valued at $691,000. American Century Companies Inc. raised its stake in NVR by 17.0% during the 3rd quarter. American Century Companies Inc. now owns 6,370 shares of the construction company's stock worth $51,181,000 after buying an additional 925 shares during the period. Finally, Alberta Investment Management Corp acquired a new stake in NVR during the 3rd quarter worth $4,017,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Stock Performance

NVR opened at $6,535.68 on Tuesday. The company has a market capitalization of $18.17 billion, a price-to-earnings ratio of 14.95, a P/E/G ratio of 2.17 and a beta of 1.04. The business's 50-day moving average price is $7,379.78 and its two-hundred day moving average price is $7,526.94. NVR, Inc. has a 1 year low of $6,301.02 and a 1 year high of $8,618.28. The company has a debt-to-equity ratio of 0.24, a current ratio of 6.21 and a quick ratio of 3.71.

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 company had revenue of $2.74 billion during 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%.NVR's revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $139.93 earnings per share. Equities analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its board has authorized a share repurchase plan on Wednesday, February 11th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to reacquire up to 3.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Insider Activity at NVR

In other news, Director Susan Williamson Ross sold 200 shares of NVR stock in a transaction that occurred on 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 sale, the director directly owned 386 shares in the company, valued at $3,057,915.16. This trade represents a 34.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew B. Kelpy sold 500 shares of the business's stock in a transaction 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 completion of the sale, the chief accounting officer directly owned 208 shares in the company, valued at approximately $1,684,800. This represents a 70.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,120 shares of company stock worth $9,012,736 in the last 90 days. Company insiders own 7.80% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on NVR. Truist Financial initiated coverage on NVR in a research note on Wednesday, March 4th. They issued a "hold" rating and a $7,700.00 target price for the company. UBS Group set a $8,100.00 price target on NVR in a research report on Friday, February 13th. Weiss Ratings reiterated a "hold (c+)" rating on shares of NVR in a research report on Thursday, January 22nd. BTIG Research initiated coverage on NVR in a research note on Monday, December 1st. They set a "buy" rating and a $9,022.00 target price for the company. Finally, Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a report on Saturday, January 31st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, NVR presently has an average rating of "Hold" and an average price target of $8,182.83.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.