Boston Partners Buys 7,233 Shares of NVR, Inc. (NYSE:NVR)

Key Points

• Boston Partners has increased its stake in NVR, Inc. by 14.0% this quarter, acquiring an additional 7,233 shares, bringing their total ownership to 59,077 shares valued at approximately $427.96 million.
• Insider trading activity includes Director Susan Williamson Ross selling 125 shares at an average price of $7,850.28, resulting in a decrease of her ownership by 24.46%.
• Analysts have recently updated price targets for NVR, with targets now ranging between $7,600 and $8,150, while the consensus rating remains a "Hold".

Boston Partners lifted its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 14.0% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 59,077 shares of the construction company's stock after buying an additional 7,233 shares during the quarter. Boston Partners owned about 2.02% of NVR worth $427,962,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in NVR by 838,726.3% in the 1st quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock worth $1,154,589,000 after purchasing an additional 159,358 shares in the last quarter. Siemens Fonds Invest GmbH raised its stake in NVR by 116,808.2% in the 4th quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock worth $468,528,000 after purchasing an additional 57,236 shares in the last quarter. Nuveen LLC acquired a new stake in NVR in the 1st quarter worth about $334,981,000. JPMorgan Chase & Co. raised its stake in NVR by 41.6% in the 1st quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company's stock worth $379,639,000 after purchasing an additional 15,405 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in NVR in the 4th quarter worth about $118,087,000. Institutional investors and hedge funds own 83.67% of the company's stock.

NVR Price Performance

Shares of NVR stock traded up $28.23 during midday trading on Friday, hitting $8,226.78. 14,918 shares of the company traded hands, compared to its average volume of 16,915. The stock has a market cap of $23.61 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 11.78 and a beta of 0.94. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79. The firm's fifty day moving average price is $7,577.10 and its 200-day moving average price is $7,358.48. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last posted 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 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, sell-side analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

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

Insider Buying and Selling

In other NVR 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 transaction of $4,860,000.00. Following the sale, the chief accounting officer directly owned 208 shares of the company's stock, valued at $1,684,800. The trade was a 74.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan Williamson Ross sold 125 shares of the business's stock in a transaction that occurred 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 sale, the director directly owned 386 shares in the company, valued at $3,030,208.08. The trade was a 24.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 7.00% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NVR. UBS Group lifted their price objective on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, JPMorgan Chase & Co. lifted their price target on shares of NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $8,783.33.

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.