Vident Advisory LLC Raises Holdings in NVR, Inc. $NVR

Key Points

• Vident Advisory LLC significantly increased its holdings in NVR, Inc. by 1,528.0%, owning 407 shares valued at approximately $2.95 million after purchasing 382 additional shares in the first quarter.
• NVR, Inc. recently reported earnings of $108.54 per share for the last quarter, surpassing analyst expectations, with revenue of $2.55 billion, though down 0.5% year-over-year.
• The company has authorized a buyback plan to repurchase up to $750 million in outstanding shares, indicating management's belief that the stock is currently undervalued.

Vident Advisory LLC boosted its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 1,528.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 407 shares of the construction company's stock after buying an additional 382 shares during the period. Vident Advisory LLC's holdings in NVR were worth $2,948,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its stake in NVR by 11.5% during the first quarter. The Manufacturers Life Insurance Company now owns 18,460 shares of the construction company's stock valued at $133,731,000 after purchasing an additional 1,910 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in NVR by 92.3% during the first quarter. Canada Pension Plan Investment Board now owns 6,915 shares of the construction company's stock valued at $50,095,000 after purchasing an additional 3,319 shares in the last quarter. Timucuan Asset Management Inc. FL raised its stake in NVR by 2.1% during the first quarter. Timucuan Asset Management Inc. FL now owns 11,316 shares of the construction company's stock valued at $81,975,000 after purchasing an additional 236 shares in the last quarter. Trexquant Investment LP purchased a new stake in NVR during the first quarter valued at $15,836,000. Finally, OMERS ADMINISTRATION Corp raised its stake in NVR by 19.2% during the first quarter. OMERS ADMINISTRATION Corp now owns 360 shares of the construction company's stock valued at $2,608,000 after purchasing an additional 58 shares in the last quarter. 83.67% of the stock is owned by institutional investors.

Insider Transactions at NVR

In other news, Director Susan Williamson Ross sold 125 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total value of $981,285.00. Following the transaction, the director directly owned 386 shares in the company, valued at approximately $3,030,208.08. This represents a 24.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Alexandra A. Jung sold 200 shares of NVR stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the sale, the director directly owned 75 shares of the company's stock, valued at approximately $606,183. This trade represents a 72.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 975 shares of company stock worth $7,869,360. Insiders own 7.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NVR. JPMorgan Chase & Co. upped their price target on shares of 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 raised NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, UBS Group raised their price objective on NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. 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, NVR presently has a consensus rating of "Hold" and a consensus target price of $8,783.33.

NVR Trading Up 1.1%

Shares of NYSE NVR traded up $89.27 during mid-day trading on Friday, reaching $8,497.04. The company had a trading volume of 13,280 shares, compared to its average volume of 22,512. The business's 50-day moving average is $7,839.55 and its 200-day moving average is $7,410.23. 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 $24.39 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 11.39 and a beta of 0.95. 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 posted its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 EPS for the quarter, topping analysts' consensus estimates of $104.89 by $3.65. The firm 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%. The business's revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the business posted $120.69 earnings per share. Equities analysts expect 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.