Mraz Amerine & Associates Inc. Grows Stake in NVR, Inc. $NVR

Key Points

• Mraz Amerine & Associates Inc. has increased its stake in NVR, Inc. by 10.5%, now holding 494 shares valued at approximately $3.65 million.
• Other institutional investors such as JPMorgan Chase & Co. and Boston Partners have also significantly increased their holdings in NVR this year.
• NVR reported $108.54 EPS for the last quarter, exceeding estimates, and its revenue was slightly down by 0.5% year-over-year.

Mraz Amerine & Associates Inc. lifted its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 10.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 494 shares of the construction company's stock after acquiring an additional 47 shares during the period. NVR accounts for approximately 0.6% of Mraz Amerine & Associates Inc.'s investment portfolio, making the stock its 25th biggest holding. Mraz Amerine & Associates Inc.'s holdings in NVR were worth $3,649,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Boston Partners raised its holdings in NVR by 14.0% during the first 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. Principal Financial Group Inc. grew its position in shares of NVR by 5.3% in the 1st quarter. Principal Financial Group Inc. now owns 56,352 shares of the construction company's stock valued at $408,236,000 after buying an additional 2,814 shares during the last quarter. JPMorgan Chase & Co. raised its stake in NVR by 41.6% during the 1st quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company's stock worth $379,639,000 after acquiring an additional 15,405 shares in the last quarter. Jones Financial Companies Lllp lifted its position in NVR by 217,591.3% in the first quarter. Jones Financial Companies Lllp now owns 50,069 shares of the construction company's stock valued at $3,758,000 after acquiring an additional 50,046 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its position in NVR by 9,358.6% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 48,239 shares of the construction company's stock valued at $356,277,000 after acquiring an additional 47,729 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NVR

In related news, CAO Matthew B. Kelpy sold 600 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alexandra A. Jung sold 200 shares of the firm's stock in a transaction dated 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 sale, the director owned 75 shares of the company's stock, valued at approximately $606,183. The trade was a 72.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 975 shares of company stock worth $7,869,360 over the last ninety days. 7.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on NVR. Weiss Ratings reissued a "hold (c+)" rating on shares of NVR in a report on Saturday, September 27th. JPMorgan Chase & Co. boosted their price objective on NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, 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 research note on Thursday, July 24th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, NVR has a consensus rating of "Hold" and an average target price of $8,783.33.

NVR Price Performance

NVR stock opened at $8,078.00 on Tuesday. 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 business has a 50 day simple moving average of $8,090.96 and a 200-day simple moving average of $7,554.82. 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 $23.18 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 11.37 and a beta of 0.94.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, beating 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 was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $120.69 EPS. Equities analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

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.

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