AG2R LA Mondiale Gestion D Actifs Invests $854,000 in NVR, Inc. $NVR

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired a new position in NVR, Inc. worth approximately $854,000 by purchasing 120 shares during the first quarter.
• Brokerages have recently raised their price targets for NVR, with UBS increasing its target from $7,900 to $8,150, while maintaining a "neutral" rating.
• NVR's quarterly earnings exceeded analyst expectations, reporting $108.54 earnings per share against an estimate of $104.89, despite a 0.5% decline in revenue from the previous year.

AG2R LA Mondiale Gestion D Actifs purchased a new position in shares of NVR, Inc. (NYSE:NVR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 120 shares of the construction company's stock, valued at approximately $854,000.

A number of other institutional investors have also recently bought and sold shares of NVR. JDM Financial Group LLC bought a new position in NVR in the 4th quarter valued at $25,000. Olde Wealth Management LLC purchased a new stake in shares of NVR in the 1st quarter valued at about $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of NVR during the 1st quarter valued at about $36,000. Ridgewood Investments LLC grew its position in NVR by 150.0% during the 1st quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock worth $36,000 after acquiring an additional 3 shares during the last quarter. Finally, SouthState Corp bought a new position in NVR during the 1st quarter worth approximately $36,000. Institutional investors own 83.67% of the company's stock.

NVR Stock Performance

Shares of NYSE NVR traded down $71.75 during trading on Tuesday, reaching $8,206.20. 17,104 shares of the company traded hands, compared to its average volume of 16,697. 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 12-month low of $6,562.85 and a 12-month high of $9,964.77. The firm's fifty day simple moving average is $7,970.17 and its 200 day simple moving average is $7,478.23. The stock has a market cap of $23.55 billion, a P/E ratio of 17.32, a PEG ratio of 11.51 and a beta of 0.95.

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at NVR

In related news, Director Alexandra A. Jung sold 200 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total transaction of $1,616,488.00. Following the completion of the transaction, the director owned 75 shares in the company, valued at approximately $606,183. The trade was a 72.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Matthew B. Kelpy sold 600 shares of the 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 transaction, the chief accounting officer directly owned 208 shares in the company, valued at $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. Insiders have sold a total of 975 shares of company stock valued at $7,869,360 over the last quarter. 7.80% of the stock is owned by company insiders.

NVR Company 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.