NVR, Inc. (NYSE:NVR) Shares Sold by Blueshift Asset Management LLC

Key Points

• Blueshift Asset Management LLC has drastically reduced its stake in NVR, Inc. by 62.9%, now holding just 66 shares valued at $478,000.
• NVR's stock saw a 2.8% increase recently, and it has a current market capitalization of $22.66 billion, with share buyback authorization of up to $750 million.
• Recent earnings results showed NVR exceeded analysts' expectations with an EPS of $108.54, despite a slight 0.5% year-over-year revenue decline.

Blueshift Asset Management LLC reduced its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 62.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66 shares of the construction company's stock after selling 112 shares during the period. Blueshift Asset Management LLC's holdings in NVR were worth $478,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in NVR. JDM Financial Group LLC bought a new position in shares of NVR during the fourth quarter worth $25,000. Olde Wealth Management LLC bought a new position in shares of NVR in the first quarter worth $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of NVR during the first quarter worth $36,000. Ridgewood Investments LLC lifted its position in shares of NVR by 150.0% in the 1st quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock worth $36,000 after purchasing an additional 3 shares during the period. Finally, CX Institutional bought a new position in NVR in the first quarter worth approximately $43,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NVR has been the topic of a number of research reports. Wall Street Zen cut NVR from a "hold" rating to a "sell" rating in a research note on Monday, June 30th. JPMorgan Chase & Co. upped their price objective 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, UBS Group boosted their price target on NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $8,783.33.

NVR Price Performance

Shares of NVR stock traded up $98.60 during trading hours on Monday, hitting $7,859.28. 14,271 shares of the company's stock were exchanged, compared to its average volume of 18,936. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,964.77. The firm has a market cap of $22.95 billion, a P/E ratio of 16.59, a P/E/G ratio of 11.03 and a beta of 0.94. The firm has a 50 day moving average of $7,402.55 and a two-hundred day moving average of $7,372.25. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR - Get Free Report) last released its earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $2.46 billion. During the same period in the prior year, the firm earned $120.69 earnings per share. The business's quarterly revenue was down .5% compared to the same quarter last year. Sell-side analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

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