AQR Capital Management LLC Lowers Stock Holdings in NVR, Inc. $NVR

Key Points

• AQR Capital Management LLC reduced its stake in NVR, Inc. by 50.3%, owning about 0.33% of NVR worth approximately $69.8 million after selling nearly 10,000 shares.
• Several institutional investors have increased their stakes in NVR, with Brighton Jones LLC raising its position by 68.9% and Ameriprise Financial Inc. increasing theirs by 9.5% in the fourth quarter.
• NVR's recent earnings report showed a profit of $108.54 per share, above analyst expectations, but revenue has declined by 0.5% year-over-year.

AQR Capital Management LLC reduced its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 50.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,730 shares of the construction company's stock after selling 9,834 shares during the quarter. AQR Capital Management LLC owned about 0.33% of NVR worth $69,823,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. JDM Financial Group LLC acquired a new stake in shares of NVR during the fourth quarter worth about $25,000. Olde Wealth Management LLC acquired a new stake in shares of NVR in the first quarter valued at approximately $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of NVR during the first quarter worth approximately $36,000. Ridgewood Investments LLC increased its holdings in shares of NVR by 150.0% in the 1st quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock valued at $36,000 after acquiring an additional 3 shares during the period. Finally, SouthState Corp acquired a new position in NVR in the first quarter valued at $36,000. Institutional investors and hedge funds own 83.67% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NVR shares. JPMorgan Chase & Co. upped their price target on NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. UBS Group increased their target price 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 equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $8,783.33.

Insider Buying and Selling

In related news, Director Alexandra A. Jung sold 200 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the sale, the director owned 75 shares of the company's stock, valued at approximately $606,183. This represents a 72.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $4,860,000.00. Following the sale, the chief accounting officer owned 208 shares in the company, valued at approximately $1,684,800. This trade represents a 74.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold 975 shares of company stock worth $7,869,360 in the last ninety days. Insiders own 7.00% of the company's stock.

NVR Price Performance

Shares of NVR stock traded up $209.04 on Thursday, hitting $8,544.93. The company's stock had a trading volume of 22,439 shares, compared to its average volume of 16,406. 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. The firm has a fifty day moving average price of $7,926.45 and a 200-day moving average price of $7,454.34. The company has a market capitalization of $24.52 billion, a P/E ratio of 18.03, a price-to-earnings-growth ratio of 11.59 and a beta of 0.95.

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. NVR had a net margin of 14.68% and a return on equity of 37.35%. The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same period last year, the firm posted $120.69 EPS. The firm's revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

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.