Verus Capital Partners LLC Buys 3 Shares of NVR, Inc. (NYSE:NVR)

Verus Capital Partners LLC lifted its stake in NVR, Inc. (NYSE:NVR) by 3.7% during the 1st quarter, Holdings Channel reports. The firm owned 84 shares of the construction company’s stock after acquiring an additional 3 shares during the period. Verus Capital Partners LLC’s holdings in NVR were worth $680,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in NVR. Sei Investments Co. raised its stake in NVR by 89.6% during the 1st quarter. Sei Investments Co. now owns 2,653 shares of the construction company’s stock worth $21,489,000 after buying an additional 1,254 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in NVR during the first quarter worth about $1,944,000. Benedetti & Gucer Inc. grew its holdings in NVR by 5.3% during the first quarter. Benedetti & Gucer Inc. now owns 79 shares of the construction company’s stock worth $640,000 after purchasing an additional 4 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in NVR by 5.0% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,219 shares of the construction company’s stock worth $17,974,000 after purchasing an additional 106 shares during the period. Finally, SG Americas Securities LLC grew its holdings in NVR by 647.9% during the first quarter. SG Americas Securities LLC now owns 905 shares of the construction company’s stock worth $7,330,000 after purchasing an additional 784 shares during the period. 83.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on NVR. 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 report on Wednesday, April 24th. StockNews.com upgraded NVR from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th.

NVR Stock Performance

Shares of NYSE:NVR traded up $322.02 during trading on Tuesday, reaching $8,390.98. 3,465 shares of the stock were exchanged, compared to its average volume of 19,202. The company has a current ratio of 6.52, a quick ratio of 3.97 and a debt-to-equity ratio of 0.21. NVR, Inc. has a 12 month low of $5,210.49 and a 12 month high of $8,418.02. The stock has a 50-day moving average price of $7,595.50 and a 200-day moving average price of $7,539.95. The firm has a market cap of $26.26 billion, a PE ratio of 16.82, a PEG ratio of 3.35 and a beta of 1.17.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share for the quarter, beating analysts’ consensus estimates of $103.97 by $12.44. NVR had a net margin of 17.33% and a return on equity of 38.54%. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same period in the previous year, the business earned $99.89 earnings per share. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. Research analysts expect that NVR, Inc. will post 493.93 EPS for the current fiscal year.

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

Insider Activity

In other NVR news, Director William Grady Rosier sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $7,665.63, for a total transaction of $4,599,378.00. Following the completion of the transaction, the director now directly owns 1,701 shares in the company, valued at $13,039,236.63. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other NVR news, Director William Grady Rosier sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $7,665.63, for a total transaction of $4,599,378.00. Following the completion of the transaction, the director now directly owns 1,701 shares in the company, valued at $13,039,236.63. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David A. Preiser sold 500 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $7,586.21, for a total transaction of $3,793,105.00. Following the transaction, the director now owns 239 shares of the company’s stock, valued at $1,813,104.19. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,600 shares of company stock worth $12,233,609. Corporate insiders own 7.00% of the company’s stock.

About NVR

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.