Entropy Technologies LP Purchases New Position in NVR, Inc. (NYSE:NVR)

Key Points

• Entropy Technologies LP acquired a new stake in NVR, Inc., purchasing 130 shares valued at approximately $942,000 during Q1.
• Wall Street analysts recently raised their price target for NVR, with JPMorgan increasing it from $7,200 to $7,600 and UBS from $7,900 to $8,150, reflecting a generally neutral rating.
• NVR reported $108.54 earnings per share for the last quarter, surpassing analyst expectations and noted a decrease in revenue year-over-year.

Entropy Technologies LP acquired a new stake in NVR, Inc. (NYSE:NVR - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 130 shares of the construction company's stock, valued at approximately $942,000.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in NVR by 838,726.3% during the 1st quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock valued at $1,154,589,000 after acquiring an additional 159,358 shares in the last quarter. Siemens Fonds Invest GmbH raised its holdings in NVR by 116,808.2% in the fourth quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock valued at $468,528,000 after acquiring an additional 57,236 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in NVR by 41.6% in the first quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company's stock valued at $379,639,000 after acquiring an additional 15,405 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of NVR during the fourth quarter worth $118,087,000. Finally, Pacer Advisors Inc. grew its position in shares of NVR by 5,411.1% during the first quarter. Pacer Advisors Inc. now owns 14,384 shares of the construction company's stock worth $104,203,000 after acquiring an additional 14,123 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVR

In related news, Director Susan Williamson Ross sold 125 shares of the 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 approximately $3,030,208.08. This represents a 24.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Matthew B. Kelpy sold 600 shares of the 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 sale, the chief accounting officer directly owned 208 shares in the company, valued at $1,684,800. This trade represents a 74.26% decrease in their position. The disclosure for this sale can be found here. Insiders own 7.00% of the company's stock.

NVR Stock Up 0.3%

Shares of NVR stock traded up $28.32 on Friday, reaching $8,226.87. 9,012 shares of the company were exchanged, compared to its average volume of 22,996. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77. The company has a 50-day moving average of $7,554.62 and a 200 day moving average of $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 company has a market capitalization of $23.61 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 11.87 and a beta of 0.94.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 EPS for the quarter, beating analysts' consensus estimates of $104.89 by $3.65. The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.46 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%. The business's revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the firm posted $120.69 earnings per share. On average, equities research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its board has initiated a stock repurchase plan on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. increased 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. Finally, UBS Group increased 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. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, NVR presently has an average rating of "Hold" and a consensus price target of $8,783.33.

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.