Banque Cantonale Vaudoise Takes $268,000 Position in NVR, Inc. (NYSE:NVR)

Key Points

• Banque Cantonale Vaudoise acquired a new position in NVR, Inc. during Q1, purchasing 37 shares valued at approximately $268,000.
• Other institutional investors have significantly increased their stakes in NVR, resulting in 83.67% of the company's stock being held by this group.
• NVR's quarterly earnings exceeded expectations with an EPS of $108.54 and initiated a $750 million share buyback plan indicating management's belief that the stock is undervalued.

Banque Cantonale Vaudoise purchased a new stake in shares of NVR, Inc. (NYSE:NVR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 37 shares of the construction company's stock, valued at approximately $268,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NVR. JDM Financial Group LLC bought a new position in shares of NVR in the 4th quarter worth approximately $25,000. Olde Wealth Management LLC purchased a new stake in NVR in the 1st quarter worth approximately $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in NVR in the 1st quarter worth $36,000. Ridgewood Investments LLC boosted its stake in shares of NVR by 150.0% in the first 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 period. Finally, CX Institutional purchased a new position in NVR in the 1st quarter worth approximately $43,000. Institutional investors own 83.67% of the company's stock.

Analyst Upgrades and Downgrades

NVR has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. UBS Group raised their price objective on 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, Wall Street Zen cut NVR from a "hold" rating to a "sell" rating in a report on Monday, June 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, NVR presently has an average rating of "Hold" and an average price target of $8,783.33.

NVR Price Performance

NVR stock traded down $37.08 during trading on Wednesday, hitting $7,869.83. 11,785 shares of the company's stock traded hands, compared to its average volume of 23,394. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77. The stock has a market capitalization of $23.01 billion, a price-to-earnings ratio of 16.61, a P/E/G ratio of 11.19 and a beta of 0.94. The business has a fifty day simple moving average of $7,432.61 and a 200 day simple moving average of $7,372.49. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79.

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 firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. The firm's revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the firm earned $120.69 EPS. As a group, research analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its board has initiated a share buyback plan on Tuesday, May 6th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to buy up to 3.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at NVR

In other news, Director Susan Williamson Ross sold 125 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total value of $981,285.00. Following the completion of the sale, the director owned 386 shares in the company, valued at approximately $3,030,208.08. This trade represents a 24.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.00% of the company's stock.

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.