Credit Agricole S A Trims Holdings in NVR, Inc. $NVR

Key Points

• Credit Agricole S A reduced its stake in NVR, Inc. by 44.2%, holding only 260 shares valued at approximately $1.88 million after selling 206 shares in the first quarter.
• Insider transactions revealed significant sales, including 125 shares sold by Director Susan Williamson Ross and 600 shares sold by CAO Matthew B. Kelpy, indicating a 24.46% and 74.26% decrease in their ownership, respectively.
• Various analysts have adjusted their ratings and price targets for NVR, with JPMorgan raising the target price to $7,600 and UBS increasing it to $8,150, both maintaining a "neutral" rating.

Credit Agricole S A decreased its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 44.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 260 shares of the construction company's stock after selling 206 shares during the period. Credit Agricole S A's holdings in NVR were worth $1,884,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVR. JDM Financial Group LLC purchased a new stake in NVR in the fourth quarter worth $25,000. Olde Wealth Management LLC purchased a new stake in NVR in the first quarter worth $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in NVR in the first quarter worth $36,000. Ridgewood Investments LLC increased its stake in NVR by 150.0% in the first 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 purchased a new stake in NVR in the first quarter worth $36,000. Hedge funds and other institutional investors own 83.67% of the company's stock.

Insider Transactions at NVR

In related news, Director Susan Williamson Ross sold 125 shares of the firm'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 of the company's stock, valued at $3,030,208.08. This trade represents a 24.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Matthew B. Kelpy sold 600 shares of the firm'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 directly 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. 7.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NVR. JPMorgan Chase & Co. increased their target price on NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, UBS Group raised their price target on NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $8,783.33.

NVR Stock Performance

Shares of NVR stock opened at $8,223.8250 on Monday. The firm has a market cap of $23.60 billion, a P/E ratio of 17.36, a P/E/G ratio of 11.42 and a beta of 0.94. 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 12 month low of $6,562.85 and a 12 month high of $9,964.77. The stock's fifty day moving average price is $7,660.46 and its 200-day moving average price is $7,363.94.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings data 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. 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 the consensus estimate of $2.46 billion. During the same quarter last year, the company earned $120.69 earnings per share. The firm's revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

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

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.

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