Kays Financial Advisory Corp ADV grew its holdings in NVR, Inc. (NYSE:NVR) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,146 shares of the construction company’s stock after purchasing an additional 12 shares during the period. NVR makes up 0.7% of Kays Financial Advisory Corp ADV’s portfolio, making the stock its 24th biggest position. Kays Financial Advisory Corp ADV’s holdings in NVR were worth $3,863,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of NVR by 4.0% in the first quarter. BlackRock Inc. now owns 371,681 shares of the construction company’s stock valued at $1,028,440,000 after buying an additional 14,276 shares during the period. Impala Asset Management LLC lifted its position in NVR by 4.7% in the 1st quarter. Impala Asset Management LLC now owns 52,370 shares of the construction company’s stock valued at $144,908,000 after acquiring an additional 2,359 shares in the last quarter. Northern Trust Corp lifted its position in NVR by 6.8% in the 1st quarter. Northern Trust Corp now owns 43,987 shares of the construction company’s stock valued at $121,712,000 after acquiring an additional 2,793 shares in the last quarter. Geode Capital Management LLC increased its stake in NVR by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 38,759 shares of the construction company’s stock valued at $94,401,000 after buying an additional 2,058 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of NVR during the 4th quarter worth about $86,433,000. Institutional investors own 79.31% of the company’s stock.
Shares of NVR stock opened at $3,404.29 on Friday. The company has a market cap of $12.01 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 1.51 and a beta of 0.65. The stock has a 50-day moving average price of $3,397.74. NVR, Inc. has a 1 year low of $2,040.71 and a 1 year high of $3,582.99. The company has a current ratio of 4.29, a quick ratio of 2.14 and a debt-to-equity ratio of 0.32.
NVR declared that its board has initiated a stock buyback plan on Thursday, May 2nd that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 2.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.
A number of analysts have recently weighed in on NVR shares. Evercore ISI initiated coverage on shares of NVR in a report on Thursday, June 6th. They set an “in-line” rating and a $3,467.00 price target for the company. Zacks Investment Research upgraded shares of NVR from a “hold” rating to a “strong-buy” rating and set a $3,642.00 price target for the company in a report on Thursday, July 11th. ValuEngine cut shares of NVR from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Wells Fargo & Co raised their price objective on shares of NVR from $3,500.00 to $3,725.00 and gave the company a “market perform” rating in a research note on Monday, July 22nd. They noted that the move was a valuation call. Finally, Buckingham Research raised their price target on shares of NVR from $3,580.00 to $3,860.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $3,440.67.
In other NVR news, insider Jeffrey D. Martchek sold 1,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $3,296.00, for a total transaction of $3,296,000.00. Following the transaction, the insider now owns 5,158 shares in the company, valued at approximately $17,000,768. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Paul C. Saville sold 3,000 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $3,342.38, for a total transaction of $10,027,140.00. Following the transaction, the chief executive officer now owns 113,770 shares in the company, valued at approximately $380,262,572.60. The disclosure for this sale can be found here. Insiders have sold a total of 21,520 shares of company stock worth $70,869,876 in the last 90 days. Company insiders own 11.10% of the company’s stock.
NVR Company Profile
NVR, Inc operates as a homebuilder in the United States. It primarily constructs and sells 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.
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