Inspire Investing LLC Grows Holdings in NVR, Inc. $NVR

Key Points

• Inspire Investing LLC increased its holdings in NVR, Inc. by 144.2% during the first quarter, bringing its total ownership to $2,919,000 for 403 shares.
• Institutional investors now own 83.67% of NVR's stock, with multiple funds, including Spire Wealth Management and Jump Financial LLC, boosting their positions significantly during the same period.
• NVR reported earnings of $108.54 per share for the last quarter, exceeding analysts' expectations and showing a decline in revenue compared to the previous year.

Inspire Investing LLC increased its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 144.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 403 shares of the construction company's stock after purchasing an additional 238 shares during the quarter. Inspire Investing LLC's holdings in NVR were worth $2,919,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Spire Wealth Management boosted its holdings in NVR by 21.2% during the first quarter. Spire Wealth Management now owns 63 shares of the construction company's stock worth $456,000 after purchasing an additional 11 shares during the last quarter. Jump Financial LLC boosted its holdings in NVR by 201.6% during the first quarter. Jump Financial LLC now owns 193 shares of the construction company's stock worth $1,398,000 after purchasing an additional 129 shares during the last quarter. Nomura Holdings Inc. boosted its holdings in NVR by 39.8% during the first quarter. Nomura Holdings Inc. now owns 137 shares of the construction company's stock worth $992,000 after purchasing an additional 39 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in NVR by 12.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 331 shares of the construction company's stock worth $2,377,000 after purchasing an additional 36 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in NVR by 5.2% during the first quarter. Asset Management One Co. Ltd. now owns 1,275 shares of the construction company's stock worth $9,237,000 after purchasing an additional 63 shares during the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Susan Williamson Ross sold 125 shares of the business's 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 value of $981,285.00. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Alexandra A. Jung sold 200 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total transaction of $1,616,488.00. Following the completion of the sale, the director directly owned 75 shares in the company, valued at approximately $606,183. This trade represents 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 quarter. Company insiders own 7.00% of the company's stock.

NVR Stock Performance

NYSE NVR opened at $8,544.93 on Friday. The company's 50 day moving average is $7,926.45 and its 200-day moving average is $7,454.34. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24. The firm has a market cap of $24.52 billion, a P/E ratio of 18.03, a price-to-earnings-growth ratio of 11.59 and a beta of 0.95.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. boosted their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, UBS Group boosted their target price on shares of NVR from $7,900.00 to $8,150.00 and gave the company 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 company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average 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.

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