MBB Public Markets I LLC Purchases New Shares in NVR, Inc. $NVR

Key Points

• MBB Public Markets I LLC has acquired a new position in NVR, Inc. during the first quarter, purchasing 43 shares valued at about $312,000.
• Institutional investors now own 83.67% of NVR's stock, with notable increases in stakes from firms like GAMMA Investing LLC and JPMorgan Chase & Co. during the same period.
• NVR reported earnings of $108.54 per share for the last quarter, surpassing estimates, despite a 0.5% decrease in revenue year-over-year.

MBB Public Markets I LLC bought a new position in shares of NVR, Inc. (NYSE:NVR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 43 shares of the construction company's stock, valued at approximately $312,000.

Other large investors have also recently modified their holdings of the company. Spire Wealth Management boosted its holdings in NVR by 21.2% in the 1st quarter. Spire Wealth Management now owns 63 shares of the construction company's stock worth $456,000 after buying an additional 11 shares during the period. Jump Financial LLC lifted its position in shares of 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 acquiring an additional 129 shares in the last quarter. Nomura Holdings Inc. boosted its holdings in shares of NVR by 39.8% in the first quarter. Nomura Holdings Inc. now owns 137 shares of the construction company's stock worth $992,000 after acquiring an additional 39 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of NVR by 12.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 331 shares of the construction company's stock worth $2,377,000 after acquiring an additional 36 shares during the period. Finally, Asset Management One Co. Ltd. grew its position in shares of NVR by 5.2% in the first quarter. Asset Management One Co. Ltd. now owns 1,275 shares of the construction company's stock valued at $9,237,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

Insiders Place Their Bets

In other news, Director Alexandra A. Jung sold 200 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the transaction, the director owned 75 shares of the company's stock, valued at $606,183. This represents a 72.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Matthew B. Kelpy sold 600 shares of NVR stock in a transaction on Wednesday, August 13th. The stock was 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 directly owned 208 shares of the company's stock, valued at $1,684,800. This represents a 74.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 975 shares of company stock valued at $7,869,360 in the last quarter. Corporate insiders own 7.00% of the company's stock.

NVR Price Performance

Shares of NYSE:NVR traded down $109.19 on Friday, hitting $8,423.79. The company's stock had a trading volume of 15,875 shares, compared to its average volume of 16,811. The company has a market capitalization of $24.18 billion, a PE ratio of 17.78, a PEG ratio of 11.86 and a beta of 0.95. 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 company has a 50-day simple moving average of $7,942.46 and a 200 day simple moving average of $7,463.76. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wall Street Zen raised NVR from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. UBS Group increased their price target on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. boosted 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 note on Thursday, July 24th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently 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.