BNP Paribas Financial Markets Raises Stock Position in NVR, Inc. $NVR

Key Points

• BNP Paribas Financial Markets has increased its stake in NVR, Inc. by 8.8%, owning a total of 7,029 shares valued at approximately $50.9 million as of the latest SEC filing.
• Several institutional investors have significantly increased their positions in NVR, with GAMMA Investing LLC raising its stake by over 838,000%, now owning 159,377 shares, valued at approximately $1.15 billion.
• NVR reported earnings of $108.54 per share for the last quarter, exceeding estimates, while also announcing a stock buyback program of $750 million indicating management's belief in the stock's undervalued status.

BNP Paribas Financial Markets increased its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 8.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,029 shares of the construction company's stock after buying an additional 568 shares during the period. BNP Paribas Financial Markets owned about 0.24% of NVR worth $50,921,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC increased its holdings in NVR by 838,726.3% during the first quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock worth $1,154,589,000 after buying an additional 159,358 shares during the last quarter. Boston Partners grew its stake in NVR by 14.0% during the first quarter. Boston Partners now owns 59,077 shares of the construction company's stock valued at $427,962,000 after acquiring an additional 7,233 shares in the last quarter. Siemens Fonds Invest GmbH grew its stake in NVR by 116,808.2% during the fourth quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock valued at $468,528,000 after acquiring an additional 57,236 shares in the last quarter. Principal Financial Group Inc. grew its stake in NVR by 5.3% during the first quarter. Principal Financial Group Inc. now owns 56,352 shares of the construction company's stock valued at $408,236,000 after acquiring an additional 2,814 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in NVR by 41.6% during the first quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company's stock valued at $379,639,000 after acquiring an additional 15,405 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

Insider Transactions at NVR

In other news, CAO Matthew B. Kelpy sold 600 shares of the business's stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 208 shares in the company, valued at approximately $1,684,800. The trade was a 74.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Alexandra A. Jung sold 200 shares of the business'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 transaction of $1,616,488.00. Following the completion of the sale, the director owned 75 shares of the company's stock, valued at approximately $606,183. The trade was a 72.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 975 shares of company stock worth $7,869,360. 7.80% of the stock is currently owned by insiders.

NVR Trading Up 2.3%

Shares of NVR traded up $186.67 during mid-day trading on Thursday, reaching $8,376.90. The company's stock had a trading volume of 9,772 shares, compared to its average volume of 22,547. The stock has a market cap of $24.04 billion, a PE ratio of 17.66, a P/E/G ratio of 11.29 and a beta of 0.95. 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 52 week low of $6,562.85 and a 52 week high of $9,964.77. The company's fifty day moving average price is $7,817.14 and its two-hundred day moving average price is $7,403.05.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. The business's quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business posted $120.69 EPS. On average, analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. UBS Group lifted their target price 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. lifted 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 report on Thursday, July 24th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $8,783.33.

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.