Caxton Associates LLP Makes New Investment in NVR, Inc. $NVR

Key Points

• Caxton Associates LLP acquired 208 shares of NVR, Inc. valued at approximately $1.5 million during the first quarter, indicating strong institutional interest in the construction sector.
• Insiders, including CAO Matthew B. Kelpy and Director Susan Williamson Ross, sold significant amounts of stock recently, with combined sales of 975 shares valued at nearly $8 million over the last quarter.
• Analysts have been optimistic about NVR's stock, with target price increases by firms like UBS and JPMorgan, reflecting a consensus "Hold" rating and an average target price of $8,783.33.

Caxton Associates LLP purchased a new position in shares of NVR, Inc. (NYSE:NVR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 208 shares of the construction company's stock, valued at approximately $1,507,000.

Several other institutional investors have also recently made changes to their positions in the stock. Fred Alger Management LLC increased its position in shares of NVR by 0.7% during the 1st quarter. Fred Alger Management LLC now owns 1,137 shares of the construction company's stock worth $8,237,000 after purchasing an additional 8 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of NVR by 31.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 16,224 shares of the construction company's stock worth $117,533,000 after purchasing an additional 3,915 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of NVR by 217,591.3% during the 1st quarter. Jones Financial Companies Lllp now owns 50,069 shares of the construction company's stock worth $3,758,000 after purchasing an additional 50,046 shares during the last quarter. USS Investment Management Ltd increased its position in shares of NVR by 15.1% during the 1st quarter. USS Investment Management Ltd now owns 639 shares of the construction company's stock worth $4,639,000 after purchasing an additional 84 shares during the last quarter. Finally, UniSuper Management Pty Ltd increased its position in shares of NVR by 8.7% during the 1st quarter. UniSuper Management Pty Ltd now owns 349 shares of the construction company's stock worth $2,528,000 after purchasing an additional 28 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

NVR Price Performance

Shares of NYSE:NVR traded down $109.19 during trading on Friday, reaching $8,423.79. 15,875 shares of the company traded hands, compared to its average volume of 16,811. The company's 50 day moving average is $7,942.46 and its two-hundred day moving average is $7,461.90. The firm has a market capitalization of $24.18 billion, a PE ratio of 17.78, a PEG ratio of 11.86 and a beta of 0.95. 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, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77.

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, beating analysts' consensus estimates of $104.89 by $3.65. The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.46 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%.The company's revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company posted $120.69 EPS. As a group, sell-side analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

Insider Transactions at NVR

In other news, CAO Matthew B. Kelpy sold 600 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the completion of the transaction, the chief accounting officer owned 208 shares of the company's stock, valued at approximately $1,684,800. The trade was a 74.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alexandra A. Jung sold 200 shares of the business's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the transaction, the director directly owned 75 shares of the company's stock, valued at $606,183. This trade represents a 72.73% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 975 shares of company stock valued at $7,869,360. Corporate insiders own 7.00% of the company's stock.

Analyst Upgrades and Downgrades

NVR has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. UBS Group lifted their target price on 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 upgraded 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 assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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.