NVR, Inc. (NYSE:NVR) Holdings Raised by IMS Capital Management

IMS Capital Management lifted its stake in shares of NVR, Inc. (NYSE:NVR) by 4.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 258 shares of the construction company’s stock after purchasing an additional 10 shares during the quarter. IMS Capital Management’s holdings in NVR were worth $2,090,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of NVR. International Assets Investment Management LLC grew its holdings in NVR by 626,255.3% during the fourth quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company’s stock worth $1,666,212,000 after acquiring an additional 237,977 shares during the period. Principal Financial Group Inc. grew its holdings in NVR by 0.4% during the first quarter. Principal Financial Group Inc. now owns 52,451 shares of the construction company’s stock worth $424,851,000 after acquiring an additional 191 shares during the period. Smead Capital Management Inc. grew its holdings in NVR by 0.7% during the fourth quarter. Smead Capital Management Inc. now owns 39,481 shares of the construction company’s stock worth $276,385,000 after acquiring an additional 277 shares during the period. Norges Bank acquired a new position in NVR during the fourth quarter worth about $246,031,000. Finally, Schroder Investment Management Group grew its holdings in NVR by 3.1% during the fourth quarter. Schroder Investment Management Group now owns 32,140 shares of the construction company’s stock worth $224,994,000 after acquiring an additional 963 shares during the period. 83.67% of the stock is currently owned by institutional investors.

NVR Trading Down 0.1 %

NVR traded down $8.25 during trading on Friday, reaching $8,546.26. The company had a trading volume of 20,502 shares, compared to its average volume of 20,555. The firm’s 50-day simple moving average is $7,851.55 and its 200 day simple moving average is $7,679.25. The company has a market cap of $26.75 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 2.25 and a beta of 1.17. NVR, Inc. has a 12-month low of $5,210.49 and a 12-month high of $8,700.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.32 and a current ratio of 5.84.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, July 23rd. The construction company reported $120.69 EPS for the quarter, missing analysts’ consensus estimates of $121.65 by ($0.96). The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.48 billion. NVR had a return on equity of 38.51% and a net margin of 16.83%. Equities research analysts anticipate that NVR, Inc. will post 499.77 earnings per share for the current year.

NVR announced that its Board of Directors has approved a stock repurchase program on Tuesday, May 7th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to buy up to 3.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

NVR has been the topic of a number of research analyst reports. StockNews.com raised NVR from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. UBS Group lifted 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, April 24th.

Insider Activity

In other NVR news, Director Alfred E. Festa sold 148 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $8,585.95, for a total transaction of $1,270,720.60. Following the completion of the sale, the director now owns 173 shares of the company’s stock, valued at $1,485,369.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Matthew B. Kelpy sold 200 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $7,700.00, for a total value of $1,540,000.00. Following the completion of the sale, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at $1,771,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alfred E. Festa sold 148 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $8,585.95, for a total value of $1,270,720.60. Following the completion of the transaction, the director now owns 173 shares of the company’s stock, valued at $1,485,369.35. The disclosure for this sale can be found here. Insiders sold a total of 1,548 shares of company stock worth $12,288,213 in the last three months. 7.00% of the stock is owned by insiders.

NVR 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.