First Hawaiian Bank Lowers Holdings in NVR, Inc. $NVR

Key Points

• First Hawaiian Bank reduced its holdings in NVR, Inc. by 62.6%, selling 67 shares, leaving it with 40 shares valued at approximately $290,000.
• Insider transactions showed significant sales, including a director selling 125 shares for nearly $1 million and the CAO selling 600 shares for about $4.86 million, reflecting a 24.46% and 74.26% decrease in their respective positions.
• Research analysts have raised price targets for NVR stock, with UBS increasing it from $7,900 to $8,150, and the company currently holds a consensus rating of "Hold" with a price target of $8,783.33.

First Hawaiian Bank trimmed its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 62.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40 shares of the construction company's stock after selling 67 shares during the quarter. First Hawaiian Bank's holdings in NVR were worth $290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of NVR. GAMMA Investing LLC grew its position in NVR by 838,726.3% during the 1st quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock worth $1,154,589,000 after acquiring an additional 159,358 shares during the last quarter. Siemens Fonds Invest GmbH grew its position in NVR by 116,808.2% during the 4th quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock worth $468,528,000 after acquiring an additional 57,236 shares during the last quarter. Jones Financial Companies Lllp grew its position in 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 acquiring an additional 50,046 shares during the last quarter. Nuveen LLC bought a new position in NVR during the 1st quarter worth approximately $334,981,000. Finally, JPMorgan Chase & Co. grew its position in NVR by 41.6% during the 1st quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company's stock worth $379,639,000 after acquiring an additional 15,405 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

NVR Stock Down 0.9%

Shares of NVR traded down $74.57 on Friday, reaching $8,103.91. The stock had a trading volume of 45,304 shares, compared to its average volume of 16,944. The company has a 50-day simple moving average of $7,998.04 and a 200-day simple moving average of $7,495.91. The firm has a market capitalization of $23.26 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 11.37 and a beta of 0.95. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $104.89 by $3.65. The business had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.46 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%.The firm's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $120.69 earnings per share. Sell-side analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

Insider Activity

In other NVR news, CAO Matthew B. Kelpy sold 600 shares of the business'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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alexandra A. Jung sold 200 shares of NVR 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 completion of the sale, the director directly owned 75 shares of the company's stock, valued at $606,183. The trade was a 72.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 975 shares of company stock valued at $7,869,360 over the last ninety days. 7.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective 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 price objective on NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, NVR presently 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.