239 Shares in NVR, Inc. $NVR Bought by Kovitz Investment Group Partners LLC

Key Points

• Kovitz Investment Group Partners LLC acquired a new position in NVR, Inc., purchasing 239 shares valued at approximately $1.7 million in the first quarter.
• Multiple institutional investors, including Brighton Jones LLC and Jump Financial LLC, significantly increased their shares in NVR during the 4th quarter, indicating growing institutional interest.
• NVR recently reported earnings of $108.54 per share for the last quarter, surpassing expectations, despite a slight decrease in revenue compared to the previous year.

Kovitz Investment Group Partners LLC bought a new stake in shares of NVR, Inc. (NYSE:NVR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 239 shares of the construction company's stock, valued at approximately $1,732,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Spire Wealth Management grew its position in shares of NVR by 21.2% in the 1st quarter. Spire Wealth Management now owns 63 shares of the construction company's stock worth $456,000 after buying an additional 11 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of NVR by 12.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 331 shares of the construction company's stock worth $2,377,000 after buying an additional 36 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in NVR by 5.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 1,275 shares of the construction company's stock worth $9,237,000 after purchasing an additional 63 shares in the last quarter. GAMMA Investing LLC boosted its stake in NVR by 15.8% in the 1st quarter. GAMMA Investing LLC now owns 22 shares of the construction company's stock worth $159,000 after purchasing an additional 3 shares in the last quarter. Finally, Vise Technologies Inc. boosted its stake in NVR by 105.7% in the 4th quarter. Vise Technologies Inc. now owns 109 shares of the construction company's stock worth $892,000 after purchasing an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Stock Performance

NYSE NVR traded up $269.9250 on Friday, hitting $8,223.8250. 17,357 shares of the company's stock traded hands, compared to its average volume of 15,754. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,964.77. The firm's 50-day moving average price is $7,660.46 and its two-hundred day moving average price is $7,369.45. The firm has a market capitalization of $23.60 billion, a PE ratio of 17.36, a P/E/G ratio of 11.06 and a beta of 0.94.

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

NVR declared that its board has authorized a stock repurchase plan on Tuesday, May 6th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to repurchase up to 3.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms recently commented on NVR. Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. lifted their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Finally, UBS Group lifted their target price on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, NVR currently has an average rating of "Hold" and an average price target of $8,783.33.

Insider Activity at NVR

In other news, Director Susan Williamson Ross sold 125 shares of NVR stock in a transaction that occurred 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 of the company's stock, valued at $3,030,208.08. The trade was a 24.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew B. Kelpy sold 600 shares of NVR stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 208 shares of the company's stock, valued at approximately $1,684,800. This trade represents a 74.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.