Kestra Advisory Services LLC Sells 177 Shares of NVR, Inc. $NVR

Key Points

• Kestra Advisory Services LLC reduced its stake in NVR, Inc. by 48.1%, selling 177 shares to end the quarter with a total of 191 shares valued at $1,384,000.
• Analysts have recently raised the price targets for NVR shares, with UBS and JPMorgan increasing their targets to $8,150.00 and $7,600.00, respectively, while the stock currently has an average target price of $8,783.33.
• NVR, Inc. reported quarterly earnings of $108.54 per share, exceeding estimates, and has initiated a share buyback program allowing $750 million in repurchases, indicating confidence in the stock's value.

Kestra Advisory Services LLC reduced its stake in NVR, Inc. (NYSE:NVR - Free Report) by 48.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 191 shares of the construction company's stock after selling 177 shares during the period. Kestra Advisory Services LLC's holdings in NVR were worth $1,384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. JDM Financial Group LLC acquired a new position in NVR during the fourth quarter worth $25,000. Olde Wealth Management LLC acquired a new stake in shares of NVR during the 1st quarter worth about $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in NVR during the 1st quarter valued at about $36,000. Ridgewood Investments LLC boosted its position in NVR by 150.0% in the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock valued at $36,000 after buying an additional 3 shares in the last quarter. Finally, SouthState Corp bought a new stake in NVR during the first quarter worth about $36,000. Institutional investors own 83.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NVR. JPMorgan Chase & Co. lifted 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. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, UBS Group raised their target price on shares of 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 research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $8,783.33.

NVR Stock Up 1.2%

Shares of NVR traded up $103.98 on Friday, reaching $8,511.75. The company's stock had a trading volume of 3,486 shares, compared to its average volume of 22,483. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,964.77. 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 stock has a market capitalization of $24.43 billion, a PE ratio of 17.95, a PEG ratio of 11.39 and a beta of 0.95. The firm has a fifty day moving average of $7,839.55 and a 200-day moving average of $7,410.23.

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

Insider Buying and Selling at NVR

In other news, Director Susan Williamson Ross sold 125 shares of the company's stock in a transaction on 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 transaction, the director owned 386 shares of the company's stock, valued at $3,030,208.08. This represents a 24.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew B. Kelpy sold 600 shares of the company's 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 sale, the chief accounting officer owned 208 shares in the company, valued at $1,684,800. The trade was a 74.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 975 shares of company stock worth $7,869,360 over the last ninety days. 7.00% of the stock is currently owned by company insiders.

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.