B. Metzler seel. Sohn & Co. AG Boosts Stake in NVR, Inc. $NVR

Key Points

• B. Metzler seel. Sohn & Co. AG increased its holdings in NVR, Inc. by 19.8% in the first quarter, with shares valued at $3.02 million.
• NVR reported $108.54 EPS for the last quarter, surpassing analyst estimates, with revenue of $2.55 billion, down 0.5% year-over-year.
• The company has initiated a $750 million share repurchase program, indicating management's belief that its shares are undervalued.

B. Metzler seel. Sohn & Co. AG boosted its stake in NVR, Inc. (NYSE:NVR - Free Report) by 19.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 417 shares of the construction company's stock after buying an additional 69 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in NVR were worth $3,021,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several equities analysts have recently commented on NVR shares. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. UBS Group boosted their price objective on shares of NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. raised their target price on NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. One investment 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 a consensus rating of "Hold" and an average target price of $8,783.33.

Insider Buying and Selling at NVR

In related news, Director Alexandra A. Jung sold 200 shares of the stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the completion of the transaction, the director owned 75 shares of the company's stock, valued at approximately $606,183. This trade represents a 72.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Matthew B. Kelpy sold 600 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was 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 directly owned 208 shares in the company, valued at $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. Insiders sold 975 shares of company stock worth $7,869,360 over the last 90 days. 7.80% of the stock is owned by insiders.

NVR Price Performance

NVR traded up $52.76 during trading on Tuesday, hitting $8,170.41. 7,993 shares of the company traded hands, compared to its average volume of 22,599. The company has a market cap of $23.45 billion, a PE ratio of 17.27, a P/E/G ratio of 11.29 and a beta of 0.95. The stock's 50-day simple moving average is $7,779.25 and its two-hundred day simple moving average is $7,392.12. 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.

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

NVR announced that its board has authorized a stock buyback plan on Tuesday, May 6th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

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.