MetLife Investment Management LLC Has $5.63 Million Stake in NVR, Inc. $NVR

Key Points

• MetLife Investment Management LLC has reduced its stake in NVR, Inc. by 4.2% to 777 shares, valued at approximately $5.63 million, following a sale of 34 shares during the first quarter.
• Several institutional investors, such as Quantum Capital Management LLC, have significantly increased their holdings in NVR, with Quantum raising its stake by 60.3% to over 10,500 shares valued at around $76.33 million.
• NVR's recent quarterly earnings exceeded analyst expectations with $108.54 EPS and a revenue of $2.55 billion, although revenue was down by 0.5% year-over-year.

MetLife Investment Management LLC cut its position in NVR, Inc. (NYSE:NVR - Free Report) by 4.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 777 shares of the construction company's stock after selling 34 shares during the period. MetLife Investment Management LLC's holdings in NVR were worth $5,629,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jump Financial LLC boosted its position in NVR by 201.6% in the first quarter. Jump Financial LLC now owns 193 shares of the construction company's stock valued at $1,398,000 after buying an additional 129 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of NVR by 271.4% in the first quarter. Smartleaf Asset Management LLC now owns 26 shares of the construction company's stock worth $187,000 after acquiring an additional 19 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of NVR by 9.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 70 shares of the construction company's stock worth $507,000 after acquiring an additional 6 shares during the last quarter. AlphaQuest LLC raised its stake in shares of NVR by 26.5% in the first quarter. AlphaQuest LLC now owns 277 shares of the construction company's stock worth $2,007,000 after acquiring an additional 58 shares during the last quarter. Finally, Allstate Corp raised its stake in shares of NVR by 5.7% in the first quarter. Allstate Corp now owns 92 shares of the construction company's stock worth $666,000 after acquiring an additional 5 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, 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 value of $4,860,000.00. Following the completion of the transaction, the chief accounting officer owned 208 shares in the company, valued at $1,684,800. This represents a 74.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alexandra A. Jung sold 200 shares of the company'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 transaction, the director owned 75 shares of the company's stock, valued at $606,183. This trade represents a 72.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold 975 shares of company stock worth $7,869,360 over the last quarter. 7.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on NVR. Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. UBS Group boosted 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. Finally, JPMorgan Chase & Co. boosted their target price 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, July 24th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $8,783.33.

NVR Trading Up 0.9%

NYSE:NVR traded up $71.73 during trading hours on Tuesday, hitting $8,189.38. The stock had a trading volume of 6,858 shares, compared to its average volume of 22,595. The company has a market cap of $23.50 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 11.29 and a beta of 0.95. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79. The business's 50 day moving average is $7,779.25 and its 200-day moving average is $7,392.12.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share 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 analysts' expectations of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. The business's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $120.69 earnings per share. Sell-side analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its Board of Directors has approved a stock buyback program on Tuesday, May 6th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

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.