Candriam S.C.A. Buys 147 Shares of NVR, Inc. $NVR

Key Points

• Candriam S.C.A. has increased its stake in NVR, Inc. by 86.5%, now holding 317 shares valued at approximately $2.296 million.
• Several hedge funds have added new positions or increased their stakes in NVR, showing significant institutional interest with 83.67% of the stock owned by these entities.
• Equities analysts have raised their price targets for NVR, with consensus ratings shifting towards a "Hold", reflecting cautious optimism about the stock's performance.

Candriam S.C.A. grew its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 86.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 317 shares of the construction company's stock after buying an additional 147 shares during the quarter. Candriam S.C.A.'s holdings in NVR were worth $2,296,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of NVR. JDM Financial Group LLC acquired a new position in shares of NVR during the 4th quarter worth $25,000. Olde Wealth Management LLC acquired a new position in shares of NVR during the 1st quarter worth $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of NVR during the 1st quarter worth $36,000. Ridgewood Investments LLC grew its stake in shares of NVR by 150.0% during 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, SouthState Corp acquired a new position in shares of NVR during the 1st quarter worth $36,000. Hedge funds and other institutional investors own 83.67% of the company's stock.

Insiders Place Their Bets

In other NVR news, Director Alexandra A. Jung sold 50 shares of NVR stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $8,231.74, for a total value of $411,587.00. Following the completion of the transaction, the director owned 75 shares of the company's stock, valued at $617,380.50. The trade was a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Susan Williamson Ross sold 125 shares of the firm's stock in a transaction on 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 $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 sold a total of 775 shares of company stock valued at $6,252,872 over the last 90 days. 7.80% of the stock is owned by company insiders.

NVR Trading Down 0.6%

Shares of NVR stock traded down $47.45 during trading hours on Tuesday, hitting $8,079.26. 35,418 shares of the company were exchanged, compared to its average volume of 15,742. The firm has a market cap of $23.19 billion, a PE ratio of 17.05, a PEG ratio of 11.30 and a beta of 0.94. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average of $7,700.60 and a 200 day moving average of $7,372.84.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly 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 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 quarter last year, the firm posted $120.69 earnings per share. NVR's revenue for the quarter was down .5% compared to the same quarter last year. Analysts expect that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its board has authorized a share buyback program on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NVR. JPMorgan Chase & Co. upped their price target on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. UBS Group upped their price target 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. Finally, Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock 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.