Mizuho Securities USA LLC Sells 51 Shares of NVR, Inc. (NYSE:NVR)

Key Points

• Mizuho Securities USA LLC reduced its holdings in NVR, Inc. by 17.6%, selling 51 shares and now owning 239 shares valued at approximately $1.73 million.
• Analysts have raised their target prices for NVR, with UBS Group increasing it to $8,150.00 and JPMorgan Chase boosting it to $7,600.00, while maintaining a "neutral" rating.
• NVR, Inc. reported earnings of $108.54 per share for the last quarter, exceeding expectations and with a revenue of $2.55 billion, despite a 0.5% year-over-year decline.

Mizuho Securities USA LLC lowered its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 17.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 239 shares of the construction company's stock after selling 51 shares during the quarter. Mizuho Securities USA LLC's holdings in NVR were worth $1,731,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Spire Wealth Management boosted its position in NVR by 21.2% during the 1st quarter. Spire Wealth Management now owns 63 shares of the construction company's stock worth $456,000 after acquiring an additional 11 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in NVR by 12.2% during the 1st 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. Asset Management One Co. Ltd. boosted its position in NVR by 5.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 1,275 shares of the construction company's stock worth $9,237,000 after acquiring an additional 63 shares during the period. GAMMA Investing LLC boosted its position in NVR by 15.8% during the 1st quarter. GAMMA Investing LLC now owns 22 shares of the construction company's stock worth $159,000 after acquiring an additional 3 shares during the period. Finally, Vise Technologies Inc. boosted its position in NVR by 105.7% during the 4th quarter. Vise Technologies Inc. now owns 109 shares of the construction company's stock worth $892,000 after acquiring an additional 56 shares during the period. Institutional investors and hedge funds own 83.67% of the company's stock.

NVR Trading Up 0.3%

Shares of NVR stock traded up $28.23 on Friday, reaching $8,226.78. 14,918 shares of the company were exchanged, compared to its average volume of 16,915. The stock has a fifty day moving average price of $7,577.10 and a 200-day moving average price of $7,362.78. The firm has a market capitalization of $23.61 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 11.73 and a beta of 0.94. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last posted 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 firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.46 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%. NVR's quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $120.69 earnings per share. On average, analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its Board of Directors has approved a share repurchase plan on Tuesday, May 6th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 3.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at NVR

In other NVR news, Director Susan Williamson Ross sold 125 shares of the business's stock in a transaction dated 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 transaction, the director owned 386 shares in the company, valued at $3,030,208.08. The trade was a 24.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Matthew B. Kelpy sold 600 shares of the business's stock in a transaction dated 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 trade represents a 74.26% decrease in their position. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on NVR. JPMorgan Chase & Co. boosted their price objective on NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. UBS Group boosted their price objective on 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, Wall Street Zen raised NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, NVR currently has a consensus 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.