Machina Capital S.A.S. Raises Position in NVR, Inc. (NYSE:NVR)

Key Points

• Machina Capital S.A.S. has raised its stake in NVR, Inc. by 115.5%, owning a total of 153 shares valued at $1,108,000 as of their latest SEC filing.
• Analysts have mixed opinions on NVR, with JPMorgan raising the price target to $7,600 and a sell rating from Wall Street Zen, reflecting a consensus average rating of "Hold."
• NVR reported quarterly earnings of $108.54 per share, exceeding estimates, and has authorized a share buyback program for up to $750 million, indicating confidence in its stock valuation.

Machina Capital S.A.S. increased its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 115.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 153 shares of the construction company's stock after buying an additional 82 shares during the period. Machina Capital S.A.S.'s holdings in NVR were worth $1,108,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC grew its stake in shares of NVR by 838,726.3% during the first quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock worth $1,154,589,000 after buying an additional 159,358 shares during the last quarter. Siemens Fonds Invest GmbH grew its stake 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 worth $468,528,000 after buying an additional 57,236 shares during the last quarter. Norges Bank bought a new stake in shares of NVR during the fourth quarter worth $295,643,000. JPMorgan Chase & Co. grew its stake in shares of NVR by 165.8% during the fourth quarter. JPMorgan Chase & Co. now owns 36,999 shares of the construction company's stock worth $302,611,000 after buying an additional 23,079 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of NVR in the fourth quarter worth $118,087,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Trading Up 0.0%

NVR traded up $2.49 during trading on Friday, reaching $7,791.88. 12,659 shares of the stock traded hands, compared to its average volume of 19,937. The stock's 50-day moving average is $7,343.78 and its 200 day moving average is $7,389.45. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $9,964.77. The stock has a market capitalization of $22.75 billion, a PE ratio of 16.45, a P/E/G ratio of 8.75 and a beta of 0.99. The company has a quick ratio of 3.02, a current ratio of 5.79 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR - Get Free Report) last posted its earnings results 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. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. The firm's revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $120.69 EPS. Equities analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its board has authorized a stock buyback plan on Tuesday, May 6th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 3.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

NVR has been the topic of several analyst reports. Wall Street Zen cut shares of NVR from a "hold" rating to a "sell" rating in a research note on Monday, June 30th. UBS Group boosted their price objective 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock 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.