Millennium Management LLC Grows Stock Holdings in NVR, Inc. $NVR

Key Points

• Millennium Management LLC increased its stake in NVR, Inc. by 38.0% in the first quarter, owning 3,885 shares valued at approximately $28.1 million.
• Insider activity showed significant sales, with Director Susan Williamson Ross selling 125 shares and CAO Matthew B. Kelpy selling 600 shares, both resulting in substantial decreases in their respective holdings.
• NVR, Inc. reported an earnings per share (EPS) of $108.54 for the last quarter, surpassing estimates and demonstrating 14.68% net margin despite a slight revenue decline compared to the previous year.

Millennium Management LLC lifted its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 38.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,885 shares of the construction company's stock after buying an additional 1,070 shares during the period. Millennium Management LLC owned about 0.13% of NVR worth $28,144,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of NVR. GAMMA Investing LLC increased its holdings in NVR by 838,726.3% in the 1st quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock worth $1,154,589,000 after purchasing an additional 159,358 shares in the last quarter. Boston Partners increased its holdings in NVR by 14.0% in the 1st quarter. Boston Partners now owns 59,077 shares of the construction company's stock worth $427,962,000 after purchasing an additional 7,233 shares in the last quarter. Siemens Fonds Invest GmbH increased its holdings in NVR by 116,808.2% in the 4th quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock worth $468,528,000 after purchasing an additional 57,236 shares in the last quarter. Principal Financial Group Inc. increased its holdings in NVR by 5.3% in the 1st quarter. Principal Financial Group Inc. now owns 56,352 shares of the construction company's stock worth $408,236,000 after purchasing an additional 2,814 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in NVR by 41.6% in the 1st quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company's stock worth $379,639,000 after purchasing an additional 15,405 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

Insiders Place Their Bets

In other NVR news, CAO Matthew B. Kelpy sold 600 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the completion of the sale, the chief accounting officer directly owned 208 shares of the company's stock, valued at $1,684,800. This trade represents a 74.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Susan Williamson Ross sold 125 shares of the firm's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $7,850.28, for a total value of $981,285.00. Following the completion of the sale, the director directly owned 386 shares of the company's stock, valued at $3,030,208.08. This represents a 24.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 975 shares of company stock valued at $7,869,360 over the last ninety days. 7.80% of the stock is currently owned by insiders.

NVR Stock Performance

Shares of NVR traded down $44.21 on Tuesday, reaching $8,233.74. 7,645 shares of the company's stock traded hands, compared to its average volume of 22,340. 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 cap of $23.63 billion, a PE ratio of 17.36, a PEG ratio of 11.70 and a beta of 0.95. The stock's 50 day simple moving average is $7,956.69 and its two-hundred day simple moving average is $7,473.14. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NVR shares. Wall Street Zen raised NVR from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. JPMorgan Chase & Co. upped their target price on NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Finally, UBS Group upped their target price on NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a report 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 a consensus target price of $8,783.33.

About NVR

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.