1832 Asset Management L.P. Purchases 79 Shares of NVR, Inc. $NVR

Key Points

• 1832 Asset Management L.P. increased its stake in NVR, Inc. by 17.9% by acquiring an additional 79 shares, bringing its total ownership to 520 shares valued at approximately $3.77 million.
• Several institutional investors have also significantly boosted their holdings in NVR, with GAMMA Investing LLC increasing its position by an astonishing 838,726.3% during the first quarter.
• NVR, Inc. reported earnings of $108.54 per share for its latest quarter, surpassing expectations, while announcing a $750 million stock repurchase program, indicating management's belief that the shares are undervalued.

1832 Asset Management L.P. boosted its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 17.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 520 shares of the construction company's stock after acquiring an additional 79 shares during the period. 1832 Asset Management L.P.'s holdings in NVR were worth $3,767,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of NVR by 838,726.3% during the 1st quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock valued at $1,154,589,000 after purchasing an additional 159,358 shares during the last quarter. Siemens Fonds Invest GmbH increased its position in NVR by 116,808.2% during the 4th quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock valued at $468,528,000 after buying an additional 57,236 shares in the last quarter. Nuveen LLC purchased a new stake in NVR in the first quarter valued at about $334,981,000. JPMorgan Chase & Co. boosted its holdings in NVR by 41.6% in the first quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company's stock worth $379,639,000 after acquiring an additional 15,405 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in NVR in the fourth quarter worth about $118,087,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Trading Up 3.4%

NVR stock opened at $8,223.8250 on Monday. The stock has a 50-day moving average price of $7,660.46 and a 200 day moving average price of $7,363.94. The company has a market capitalization of $23.60 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 11.42 and a beta of 0.94. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, topping the consensus estimate of $104.89 by $3.65. NVR had a net margin of 14.68% and a return on equity of 37.35%. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the company earned $120.69 EPS. NVR's quarterly revenue was down .5% on a year-over-year basis. Sell-side analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its board has approved a stock repurchase program on Tuesday, May 6th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 3.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NVR shares. Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. UBS Group upped their price target on shares of NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $8,783.33.

Insider Buying and Selling at NVR

In related news, Director Susan Williamson Ross sold 125 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the completion of the transaction, the director directly owned 386 shares in the company, valued at $3,030,208.08. The trade was a 24.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Matthew B. Kelpy sold 600 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the completion of the sale, the chief accounting officer directly owned 208 shares in the company, valued at approximately $1,684,800. The trade was a 74.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 7.80% 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.

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