abrdn plc Has $11.55 Million Stock Position in NVR, Inc. (NYSE:NVR)

abrdn plc lifted its stake in NVR, Inc. (NYSE:NVR) by 46.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,650 shares of the construction company’s stock after purchasing an additional 520 shares during the quarter. abrdn plc owned 0.05% of NVR worth $11,551,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of NVR. AE Wealth Management LLC boosted its position in NVR by 5.7% during the 3rd quarter. AE Wealth Management LLC now owns 37 shares of the construction company’s stock worth $221,000 after acquiring an additional 2 shares during the period. Greenleaf Trust boosted its position in NVR by 4.9% during the 4th quarter. Greenleaf Trust now owns 43 shares of the construction company’s stock worth $301,000 after acquiring an additional 2 shares during the period. Castleview Partners LLC boosted its position in NVR by 4.3% during the 3rd quarter. Castleview Partners LLC now owns 72 shares of the construction company’s stock worth $429,000 after acquiring an additional 3 shares during the period. Brighton Jones LLC boosted its position in NVR by 8.1% during the 3rd quarter. Brighton Jones LLC now owns 40 shares of the construction company’s stock worth $239,000 after acquiring an additional 3 shares during the period. Finally, Deseret Mutual Benefit Administrators boosted its position in NVR by 14.3% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 24 shares of the construction company’s stock worth $143,000 after acquiring an additional 3 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Down 0.9 %

NVR opened at $7,725.00 on Friday. NVR, Inc. has a fifty-two week low of $5,210.49 and a fifty-two week high of $8,211.40. The business has a 50-day moving average of $7,736.86 and a 200-day moving average of $6,966.46. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.52 and a quick ratio of 3.90. The company has a market capitalization of $24.72 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 2.82 and a beta of 1.13.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share for the quarter, topping analysts’ consensus estimates of $103.97 by $12.44. NVR had a return on equity of 38.54% and a net margin of 17.33%. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same period last year, the business earned $99.89 EPS. The business’s quarterly revenue was up 7.3% on a year-over-year basis. Equities research analysts forecast that NVR, Inc. will post 502.66 EPS for the current fiscal year.

NVR declared that its Board of Directors has approved a stock buyback program on Wednesday, February 14th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have commented on NVR shares. StockNews.com upgraded NVR from a “hold” rating to a “buy” rating in a research report on Wednesday. UBS Group raised their price target on NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a research note on Wednesday.

Insider Activity at NVR

In related news, CAO Matthew B. Kelpy sold 200 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $7,325.00, for a total value of $1,465,000.00. Following the transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at approximately $1,684,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Matthew B. Kelpy sold 200 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $7,325.00, for a total value of $1,465,000.00. Following the transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at approximately $1,684,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Daniel David Malzahn sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $7,252.83, for a total value of $14,505,660.00. Following the completion of the transaction, the chief financial officer now directly owns 13,209 shares in the company, valued at $95,802,631.47. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,981 shares of company stock valued at $59,155,947. Corporate insiders own 7.00% of the company’s stock.

NVR Company 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.