Nomura Holdings Inc. Grows Stock Holdings in NVR, Inc. $NVR

Key Points

• Nomura Holdings Inc. increased its stake in NVR, Inc. by 39.8% during the first quarter, holding a total of 137 shares valued at approximately $992,000.
• Multiple institutional investors have also boosted their positions in NVR, indicating strong interest, with 83.67% of the company's stock now owned by institutional investors.
• Analysts have set an average price target of $8,783.33 for NVR stock, with recent upgrades from brokerages including UBS Group and JPMorgan Chase & Co..

Nomura Holdings Inc. lifted its stake in NVR, Inc. (NYSE:NVR - Free Report) by 39.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 137 shares of the construction company's stock after buying an additional 39 shares during the quarter. Nomura Holdings Inc.'s holdings in NVR were worth $992,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of NVR. JDM Financial Group LLC bought a new position in NVR in the 4th quarter worth $25,000. Olde Wealth Management LLC bought a new position in shares of NVR during the 1st quarter valued at approximately $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in NVR during the first quarter valued at $36,000. Ridgewood Investments LLC grew its stake in shares of NVR by 150.0% in the 1st quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock worth $36,000 after buying an additional 3 shares in the last quarter. Finally, SouthState Corp bought a new stake in shares of NVR in the 1st quarter worth about $36,000. 83.67% of the stock is currently owned by institutional investors.

NVR Trading Up 1.1%

NVR traded up $89.27 during trading hours on Friday, reaching $8,497.04. 13,288 shares of the company's stock traded hands, compared to its average volume of 15,839. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $7,861.59 and a 200 day moving average price of $7,420.74. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77. The firm has a market capitalization of $24.39 billion, a PE ratio of 17.93, a PEG ratio of 11.82 and a beta of 0.95.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $104.89 by $3.65. The firm 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%. The business's 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. As a group, sell-side analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

Insider Transactions at NVR

In other 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 completion of the sale, the director owned 386 shares of the company's stock, valued at approximately $3,030,208.08. The trade was a 24.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 600 shares of the 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 value of $4,860,000.00. Following the completion of the transaction, the chief accounting officer directly owned 208 shares in the company, valued at approximately $1,684,800. This trade represents a 74.26% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 975 shares of company stock valued at $7,869,360. 7.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on NVR. Wall Street Zen raised NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. UBS Group boosted their target price on 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, JPMorgan Chase & Co. raised their price target on NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $8,783.33.

NVR Company 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.