Deutsche Bank AG Grows Stake in NVR, Inc. (NYSE:NVR)

Deutsche Bank AG grew its stake in NVR, Inc. (NYSE:NVR - Free Report) by 0.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,889 shares of the construction company's stock after acquiring an additional 51 shares during the quarter. Deutsche Bank AG owned 0.43% of NVR worth $93,373,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. JDM Financial Group LLC bought a new stake in NVR in the fourth quarter worth $25,000. Olde Wealth Management LLC bought a new stake in NVR in the first quarter worth $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in NVR in the first quarter worth $36,000. Ridgewood Investments LLC boosted its holdings 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 acquiring an additional 3 shares in the last quarter. Finally, CX Institutional bought a new position in shares of NVR during the first quarter valued at $43,000. 83.67% of the stock is owned by institutional investors.

NVR Stock Performance

NVR stock traded up $8.00 during trading on Friday, reaching $8,206.55. The stock had a trading volume of 3,172 shares, compared to its average volume of 22,960. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77. The stock's 50 day moving average is $7,554.62 and its two-hundred day moving average is $7,361.57. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. The firm has a market cap of $23.55 billion, a PE ratio of 17.30, a PEG ratio of 11.87 and a beta of 0.94.

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, 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 in the prior year, the company earned $120.69 earnings per share. NVR's revenue was down .5% on a year-over-year basis. As a group, equities analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its Board of Directors has approved a share repurchase program on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 3.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NVR shares. Wall Street Zen raised NVR from a "sell" rating to a "hold" rating in a 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 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 report on Thursday, July 24th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $8,783.33.

Insider Transactions at NVR

In other NVR 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 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. This represents a 24.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 600 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the completion of the sale, 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 disclosure for this sale can be found here. 7.00% of the stock is currently owned by corporate insiders.

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.