Campbell & CO Investment Adviser LLC Sells 86 Shares of NVR, Inc. $NVR

Key Points

• Campbell & CO Investment Adviser LLC reduced its holdings in NVR, Inc. by 22%, selling 86 shares, resulting in ownership of 305 shares valued at $2.21 million.
• Multiple institutional investors, including Jump Financial LLC and Smartleaf Asset Management LLC, significantly increased their positions in NVR during the first quarter, reflecting strong interest in the company.
• NVR’s stock price increased by 3.4% and it recently reported better-than-expected earnings, with an EPS of $108.54, beating estimates and maintaining a high return on equity of 37.35%.

Campbell & CO Investment Adviser LLC lowered its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 22.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 305 shares of the construction company's stock after selling 86 shares during the period. Campbell & CO Investment Adviser LLC's holdings in NVR were worth $2,210,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Jump Financial LLC grew its position in NVR by 201.6% during the 1st quarter. Jump Financial LLC now owns 193 shares of the construction company's stock worth $1,398,000 after acquiring an additional 129 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of NVR by 271.4% in the 1st quarter. Smartleaf Asset Management LLC now owns 26 shares of the construction company's stock valued at $187,000 after buying an additional 19 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of NVR by 9.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 70 shares of the construction company's stock valued at $507,000 after buying an additional 6 shares during the last quarter. AlphaQuest LLC grew its position in shares of NVR by 26.5% in the 1st quarter. AlphaQuest LLC now owns 277 shares of the construction company's stock valued at $2,007,000 after buying an additional 58 shares during the last quarter. Finally, Allstate Corp grew its position in shares of NVR by 5.7% in the 1st quarter. Allstate Corp now owns 92 shares of the construction company's stock valued at $666,000 after buying an additional 5 shares during the last quarter. Institutional investors own 83.67% of the company's stock.

Insider Activity

In related news, Director Susan Williamson Ross sold 125 shares of the company's stock in a transaction dated 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 owned 386 shares in the company, valued at $3,030,208.08. This represents a 24.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew B. Kelpy sold 600 shares of the company's stock in a transaction dated 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 sale, the chief accounting officer owned 208 shares in the company, valued at approximately $1,684,800. The trade was a 74.26% decrease in their position. The disclosure for this sale can be found here. 7.00% of the stock is owned by corporate insiders.

NVR Stock Up 3.4%

Shares of NVR stock opened at $8,223.8250 on Monday. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. The stock's 50-day moving average is $7,660.46 and its 200 day moving average is $7,363.94. The firm has a market cap of $23.60 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 11.42 and a beta of 0.94.

NVR (NYSE:NVR - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The construction company reported $108.54 EPS for the quarter, beating the consensus estimate of $104.89 by $3.65. NVR had a return on equity of 37.35% and a net margin of 14.68%.The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the prior year, the company earned $120.69 EPS. The firm's revenue for the quarter was down .5% compared to the same quarter last year. Equities research analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its Board of Directors has approved a stock repurchase plan on Tuesday, May 6th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. UBS Group upped their price target 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, JPMorgan Chase & Co. upped their price target on 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 research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, NVR presently has a consensus rating of "Hold" and an average price target of $8,783.33.

NVR Company 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.

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