National Pension Service Boosts Holdings in NVR, Inc. $NVR

Key Points

• The National Pension Service increased its stake in NVR, Inc. by 15.2%, now owning 5,647 shares valued at approximately $40.9 million.
• Multiple institutional investors also adjusted their positions in NVR, indicating growing confidence in the company among large shareholders.
• NVR recently reported earnings of $108.54 per share, surpassing analyst expectations and generating a revenue of $2.55 billion for the quarter.

National Pension Service lifted its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 15.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,647 shares of the construction company's stock after acquiring an additional 747 shares during the period. National Pension Service owned 0.19% of NVR worth $40,909,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Fifth Third Wealth Advisors LLC raised its holdings in shares of NVR by 1.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 177 shares of the construction company's stock valued at $1,282,000 after purchasing an additional 2 shares during the last quarter. Peak Financial Advisors LLC grew its position in NVR by 1.3% during the first quarter. Peak Financial Advisors LLC now owns 153 shares of the construction company's stock valued at $1,108,000 after buying an additional 2 shares during the period. Salvus Wealth Management LLC increased its stake in shares of NVR by 0.6% in the first quarter. Salvus Wealth Management LLC now owns 338 shares of the construction company's stock worth $2,449,000 after purchasing an additional 2 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of NVR by 6.9% in the first quarter. Fifth Third Bancorp now owns 31 shares of the construction company's stock worth $225,000 after purchasing an additional 2 shares in the last quarter. Finally, Ballentine Partners LLC increased its stake in shares of NVR by 6.7% in the first quarter. Ballentine Partners LLC now owns 32 shares of the construction company's stock worth $232,000 after purchasing an additional 2 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

Analyst Upgrades and Downgrades

NVR has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised 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 report on Thursday, July 24th. UBS Group raised their price objective on shares of NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $8,783.33.

Insider Activity at NVR

In other NVR news, Director Susan Williamson Ross sold 125 shares of NVR stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the transaction, the director directly owned 386 shares of the company's stock, valued at approximately $3,030,208.08. This trade represents a 24.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew B. Kelpy sold 600 shares of NVR stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 208 shares in the company, valued at $1,684,800. This trade represents a 74.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 7.80% of the company's stock.

NVR Price Performance

NVR stock traded down $176.13 during mid-day trading on Wednesday, hitting $8,070.76. 6,993 shares of the company traded hands, compared to its average volume of 22,919. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77. The stock has a market cap of $23.16 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 11.33 and a beta of 0.94. 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 stock has a fifty day moving average price of $7,615.04 and a 200-day moving average price of $7,360.37.

NVR (NYSE:NVR - Get Free Report) last announced its earnings results 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 business had revenue of $2.55 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business posted $120.69 earnings per share. On average, equities analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its board has approved a stock repurchase program on Tuesday, May 6th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 3.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board 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.