Dimensional Fund Advisors LP Grows Position in NVR, Inc. $NVR

Key Points

• Dimensional Fund Advisors LP has increased its stake in NVR, Inc. by 4.0% in Q1, acquiring an additional 1,197 shares to hold a total of 31,186 shares valued at approximately $225.9 million.
• JPMorgan Chase raised its target price for NVR to $7,600, while UBS Group increased it to $8,150, with analysts currently rating the stock as a "Hold."
• NVR reported quarterly earnings of $108.54 per share, exceeding estimates, despite a slight year-over-year revenue decline of 0.5%, and announced a $750 million share repurchase program indicating potential undervaluation.

Dimensional Fund Advisors LP lifted its stake in NVR, Inc. (NYSE:NVR - Free Report) by 4.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,186 shares of the construction company's stock after acquiring an additional 1,197 shares during the quarter. Dimensional Fund Advisors LP owned 1.07% of NVR worth $225,907,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Fifth Third Wealth Advisors LLC boosted its holdings in shares of NVR by 1.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 177 shares of the construction company's stock worth $1,282,000 after buying an additional 2 shares during the last quarter. Peak Financial Advisors LLC boosted its holdings in shares of NVR by 1.3% in the first quarter. Peak Financial Advisors LLC now owns 153 shares of the construction company's stock worth $1,108,000 after buying an additional 2 shares during the last quarter. Salvus Wealth Management LLC boosted its holdings in shares of NVR by 0.6% in the first quarter. Salvus Wealth Management LLC now owns 338 shares of the construction company's stock worth $2,449,000 after buying an additional 2 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of NVR by 6.9% in the first quarter. Fifth Third Bancorp now owns 31 shares of the construction company's stock worth $225,000 after buying an additional 2 shares during the last quarter. Finally, Ballentine Partners LLC boosted its holdings in shares of NVR by 6.7% in the first quarter. Ballentine Partners LLC now owns 32 shares of the construction company's stock worth $232,000 after buying an additional 2 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

Insider Activity at NVR

In other NVR news, Director Susan Williamson Ross sold 125 shares of NVR stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the transaction, the director owned 386 shares of the company's stock, valued at $3,030,208.08. The trade was 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 the SEC website. Also, CAO Matthew B. Kelpy sold 600 shares of NVR stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the transaction, the chief accounting officer directly owned 208 shares in the company, valued at $1,684,800. This represents a 74.26% decrease in their position. The disclosure for this sale can be found here. 7.00% of the stock is owned by insiders.

NVR Price Performance

NYSE:NVR traded up $269.9250 during trading hours on Friday, hitting $8,223.8250. 17,357 shares of the stock traded hands, compared to its average volume of 15,754. 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 1 year low of $6,562.85 and a 1 year high of $9,964.77. The company has a market cap of $23.60 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 11.42 and a beta of 0.94. The stock has a 50 day moving average price of $7,660.46 and a 200 day moving average price of $7,366.53.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share 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 business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the previous year, the firm earned $120.69 earnings per share. The company's revenue for the quarter was down .5% on a year-over-year basis. Sell-side analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its board has approved a stock repurchase 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 buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

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