September 5, 2023
Dimensional Fund Advisors LP Increases Stake in NVR, Inc.
Dimensional Fund Advisors LP, an institutional investor, has recently announced a boost in its position in NVR, Inc. (NYSE:NVR) during the first quarter of this year. According to the Securities and Exchange Commission (SEC) filing, Dimensional Fund Advisors LP acquired an additional 228 shares of the construction company’s stock, resulting in a total ownership of 27,733 shares. This increase represents a 0.8% growth in their stake.
As of the most recent SEC filing, Dimensional Fund Advisors LP now holds approximately 0.85% of NVR’s outstanding shares which amounts to a market value of $154,507,000. The firm’s commitment towards enhancing its position in NVR indicates its confidence in the future prospects of the construction industry and specifically NVR as a potential investment opportunity.
In other news related to NVR’s financial activities, Chief Financial Officer Daniel David Malzahn executed a stock sale on Tuesday, August 8th. The transaction involved selling 546 shares at an average price per share of $6,335.01. As a result, the total value of this sale amounted to $3,458,915.46. Following this transaction, Mr. Malzahn held 9,658 shares directly which are valued at approximately $61,183,526.58.
The disclosure for this particular stock sale was filed with the SEC and can be accessed through the provided hyperlink on their official website.
Furthermore, Director Susan Williamson Ross also participated in selling company stock on Wednesday, August 2nd. In this transaction, she sold 125 shares at an average price per share of $6,300.00 resulting in a total value of $787,
4500DollarKPIFollowing this saleMs.+2501500750Ross now owns 405 shares of NVR’s stock, valued at approximately $2,551,500.
Combining these insider sales activities, it has been observed that over the last ninety days insiders have sold a total of 7,767 shares of NVR’s stock with a worth of $49,139,940. This represents 8.60% ownership by corporate insiders.
These recent developments in NVR’s stock activity and insider transactions provide valuable insights for investors and market analysts to evaluate the company’s financial standing and potential future performance. Investors should carefully consider such information before making any investment decisions in order to make informed choices based on transparent market data.
Overall, Dimensional Fund Advisors LP’s increased position in NVR demonstrates their confidence in the construction industry and their belief in NVR as a solid investment opportunity. It will be interesting to monitor how these developments influence the company’s future trajectory in the coming months.
NVR (NYSE:NVR) Latest Research Report
Updated on: 03/03/2024
Debt to equity ratio: Sell
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
ROE: Strong Buy
We did not find social sentiment data for this stock
|Analyst / firm
NVR Construction Company: Increase in Institutional Investors and Hedge Funds, Analysts Weigh In, Notable Insider Trading, Share Price Data, Quarterly Earnings Report, Stock Buyback Program
September 5, 2023
NVR Sees Increase in Institutional Investors and Hedge Funds
In recent months, several institutional investors and hedge funds have made significant changes to their stakes in NVR, the construction company. Envestnet Asset Management Inc., for instance, saw its holdings in NVR grow by a whopping 22,694.4% in the first quarter, acquiring an additional 1,371,424 shares. This brought its total number of shares to 1,377,467 with a value of $37,378,000. Smead Capital Management Inc. also increased its stake by 9.4%, owning a total of 52,553 shares worth $242,405,000.
Moreover, FMR LLC boosted its holdings by 24.6% during the first quarter and now possesses 41,220 shares valued at $229,686,000. Northern Trust Corp displayed a more modest growth rate of 1.4%, bringing their share count to 36,216.
Meanwhile, Norges Bank took advantage of the market conditions during the fourth quarter and purchased a new position in NVR valued at approximately $138,433,000. Overall, hedge funds and other institutional investors hold an impressive 84.49% of the company’s stock.
Analysts Weigh In on NVR Stock
Research analysts have been examining NVR stock closely and sharing their perspectives on its performance. StockNews.com downgraded their rating from “buy” to “hold” recently while Bank of America raised their price target from $6,500 to $7,m2000.
Deutsche Bank Aktiengesellschaft initiated coverage on NVR earlier this year with a “sell” rating and set a price objective of $4,g4000 for the company’s stock.
On the other handt Seaport Res Ptn has reaffirmed its “buy” rating on NVR, expressing confidence in the company’s potential.
In light of these varied opinions, Bloomberg reports that the consensus rating for NVR stands at “hold” with a consensus target price of $5,650.
Notable Insider Trading Activity
CFO Daniel David Malzahn recently made headlines when he sold 546 shares of NVR stock on Tuesday, August 8th. With an average price per share of $6,335.01, the total value of his transaction reached $3,458,915.46. Following this sale, Malzahn now has a direct ownership stake of 9,658 shares valued at $61,183,526.58.
Another noteworthy insider transaction involved Director Susan Williamson Ross selling 125 shares on Wednesday, August 2nd at an average price of $6,g30000 per share. This resulted in a total value of $787,g500.
Overall,t insiders have sold a significant amount of company stock over the past three months – specifically estimated to be around 7,m767 shares valued at $49,m139940. Clearlytntly corporate insiders own 8.60% of NVR’s outstanding stock.
Share Price and Company Data
NVR stock opened at $6,g50935 on Tuesday and currently maintains a market capitalizationg422 billion.t It has a price-to-earnings ratio g13,p90% and a beta factor of google1,p04.the The company’s fifty-day and two-hundred-day simple moving averages are g6,g25463 and g5,g83488 respectively.
NVR has displayed impressive growth over the past year,h with its highest recorded closing price being g6,g52500t.and Its lowest recorded closing price was g3,g81655g..
Quarterly Earnings Report
OnTuesday,y July 25th,t Nvr issued its quarterly earnings report revealing earnings per share (EPS) of $116,g54. This surpassed analysts’ consensus estimates by $12,g78. NVR also demonstrated a strong return on equity at 44,26%, and a net margin of 16,a44%.
However,t although the company reported $2,g28 billion in revenue for that quarter,c this figure fell short of analysts’ expectations of $2,g39 billiont -down 12a5% compared to the previous year’s performance.
Looking ahead,h industry analysts anticipate that NVR will post earnings per share of $440ag88 for the current year.
Stock Buyback Program
Additionally, it was announced by NVR on Wednesday, August 2nd that its board has authorized a stock buyback program. The program enables the construction company to repurchase up to $500m00 million worth of outstanding shares through open market purchases. Stock repurchase programs are typically an indication that management believes the shares are undervalued.
In conclusion, NVR has attracted attention from institutional investors and hedge funds alikeed due to its impressive growth potential. With changes in stakes, various analyst opinions,r undeniable insider trading activity, and promising financial results,NN VR continues continue to be an intriguing choice for investors in the construction industry.
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