Los Angeles Capital Management LLC Has $4.60 Million Stake in NVR, Inc. (NYSE:NVR)

Los Angeles Capital Management LLC lowered its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 52.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 635 shares of the construction company's stock after selling 689 shares during the period. Los Angeles Capital Management LLC's holdings in NVR were worth $4,600,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in NVR. GAMMA Investing LLC lifted 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 purchasing an additional 159,358 shares during the last quarter. Siemens Fonds Invest GmbH lifted its holdings 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 valued at $468,528,000 after purchasing an additional 57,236 shares during the last quarter. Norges Bank bought a new position in NVR during the 4th quarter valued at about $295,643,000. JPMorgan Chase & Co. lifted its holdings in NVR by 165.8% during the 4th quarter. JPMorgan Chase & Co. now owns 36,999 shares of the construction company's stock valued at $302,611,000 after purchasing an additional 23,079 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in NVR in the 4th quarter valued at about $118,087,000. Institutional investors and hedge funds own 83.67% of the company's stock.

NVR Trading Down 1.5%

Shares of NYSE:NVR traded down $119.38 during trading on Thursday, hitting $7,780.47. 10,253 shares of the company's stock were exchanged, compared to its average volume of 23,883. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,964.77. The firm has a 50-day moving average price of $7,309.11 and a two-hundred day moving average price of $7,391.97. The company has a current ratio of 5.37, a quick ratio of 3.02 and a debt-to-equity ratio of 0.23. The firm has a market cap of $22.72 billion, a P/E ratio of 16.00, a PEG ratio of 8.88 and a beta of 0.99.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, topping the consensus estimate of $104.89 by $3.65. NVR had a net margin of 15.33% and a return on equity of 38.32%. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter last year, the firm earned $120.69 EPS. NVR's quarterly revenue was down .5% compared to the same quarter last year. Equities analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its Board of Directors has approved a share buyback program on Tuesday, May 6th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NVR. UBS Group raised their price objective on shares of NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research report on Thursday. Wall Street Zen cut shares of NVR from a "hold" rating to a "sell" rating in a research report on Monday, June 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus 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.