Banco Bilbao Vizcaya Argentaria S.A. Sells 1,207 Shares of NVR, Inc. $NVR

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. reduced its stake in NVR, Inc. by 82.8%, selling 1,207 shares and now holding 251 shares valued at $1.8 million.
• Multiple institutional investors, including Brighton Jones LLC and Susquehanna International Group LLP, have significantly increased their holdings in NVR during the last quarter, indicating growing interest in the stock.
• NVR recently announced a $750 million share buyback program, which is typically viewed as a sign that the company's management believes its shares are undervalued.

Banco Bilbao Vizcaya Argentaria S.A. decreased its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 82.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 251 shares of the construction company's stock after selling 1,207 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in NVR were worth $1,813,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NVR. Fifth Third Wealth Advisors LLC increased its position in shares of NVR by 1.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 177 shares of the construction company's stock valued at $1,282,000 after acquiring an additional 2 shares in the last quarter. Peak Financial Advisors LLC increased its position in shares of NVR by 1.3% during the first quarter. Peak Financial Advisors LLC now owns 153 shares of the construction company's stock valued at $1,108,000 after acquiring an additional 2 shares in the last quarter. Salvus Wealth Management LLC increased its position in shares of NVR by 0.6% during the first quarter. Salvus Wealth Management LLC now owns 338 shares of the construction company's stock valued at $2,449,000 after acquiring an additional 2 shares in the last quarter. Fifth Third Bancorp increased its position in shares of NVR by 6.9% during the first quarter. Fifth Third Bancorp now owns 31 shares of the construction company's stock valued at $225,000 after acquiring an additional 2 shares in the last quarter. Finally, Ballentine Partners LLC increased its position in shares of NVR by 6.7% during the first quarter. Ballentine Partners LLC now owns 32 shares of the construction company's stock valued at $232,000 after acquiring an additional 2 shares in the last quarter. Institutional investors own 83.67% of the company's stock.

Insiders Place Their Bets

In related news, 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 value of $4,860,000.00. Following the completion of the transaction, the chief accounting officer owned 208 shares of the company's stock, valued at approximately $1,684,800. This represents a 74.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Susan Williamson Ross sold 125 shares of the company's stock in a transaction on Monday, August 4th. The stock was 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. This represents a 24.46% decrease in their position. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

NVR Stock Performance

NVR stock traded up $269.9250 on Friday, hitting $8,223.8250. The company had a trading volume of 17,357 shares, compared to its average volume of 15,989. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. The stock's 50-day simple moving average is $7,660.46 and its 200 day simple moving average is $7,363.94. The stock has a market cap of $23.60 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 11.42 and a beta of 0.94.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the firm posted $120.69 EPS. The company's revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities research analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

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

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.