Graham Capital Management L.P. Takes Position in NVR, Inc. $NVR

Key Points

• Graham Capital Management L.P. has purchased 225 shares of NVR, Inc. valued at approximately $1.63 million, indicating institutional confidence in the construction company's stock.
• Analysts have recently raised their price targets for NVR, with JPMorgan increasing their target from $7,200 to $7,600 and UBS raising theirs from $7,900 to $8,150, reflecting a consensus rating of "Hold."
• NVR announced a $750 million share repurchase plan, which suggests that the board believes the company's stock may be undervalued, alongside a reported earnings per share of $108.54 for the last quarter.

Graham Capital Management L.P. purchased a new position in NVR, Inc. (NYSE:NVR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 225 shares of the construction company's stock, valued at approximately $1,630,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in NVR by 838,726.3% in the first quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock worth $1,154,589,000 after purchasing an additional 159,358 shares in the last quarter. Siemens Fonds Invest GmbH boosted its position in shares of NVR by 116,808.2% during the fourth quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock valued at $468,528,000 after buying an additional 57,236 shares during the last quarter. Nuveen LLC purchased a new stake in shares of NVR during the first quarter valued at $334,981,000. JPMorgan Chase & Co. boosted its position in NVR by 41.6% in the first quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company's stock worth $379,639,000 after purchasing an additional 15,405 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in NVR in the fourth quarter worth about $118,087,000. Hedge funds and other institutional investors own 83.67% of the company's stock.

Insider Buying and Selling

In related news, Director Alexandra A. Jung sold 200 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total transaction of $1,616,488.00. Following the sale, the director directly owned 75 shares of the company's stock, valued at $606,183. This trade represents a 72.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan Williamson Ross sold 125 shares of the stock in a transaction that occurred on 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 transaction, the director owned 386 shares in the company, valued at $3,030,208.08. This represents a 24.46% 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. Company insiders own 7.00% of the company's stock.

NVR Stock Up 1.1%

Shares of NVR stock traded up $89.27 during mid-day trading on Friday, hitting $8,497.04. The stock had a trading volume of 13,288 shares, compared to its average volume of 15,839. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. The firm has a market capitalization of $24.39 billion, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 11.82 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 firm's 50-day moving average is $7,861.59 and its two-hundred day moving average is $7,420.74.

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, topping 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 firm had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.46 billion. During the same period in the prior year, the business posted $120.69 EPS. The firm's quarterly revenue was down .5% on a year-over-year basis. On average, analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on NVR shares. JPMorgan Chase & Co. lifted their price objective on NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, 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 note on Thursday, July 24th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus 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.