NVR, Inc. $NVR Holdings Boosted by Quantum Capital Management LLC NJ

Key Points

• Quantum Capital Management LLC NJ increased its stake in NVR, Inc. by 60.3% during the first quarter, making it the firm’s 5th largest position with a total worth of $76.3 million.
• NVR reported quarterly earnings that beat analysts' estimates, with $108.54 EPS, and generated a net revenue of $2.55 billion, although it showed a slight year-over-year decline.
• The company approved a $750 million stock repurchase plan, indicating management's belief that the stock is undervalued, allowing a repurchase of up to 3.6% of its shares.

Quantum Capital Management LLC NJ increased its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 60.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 10,537 shares of the construction company's stock after acquiring an additional 3,965 shares during the period. NVR makes up about 7.9% of Quantum Capital Management LLC NJ's holdings, making the stock its 5th largest holding. Quantum Capital Management LLC NJ owned approximately 0.36% of NVR worth $76,334,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. JDM Financial Group LLC acquired a new position in NVR during the fourth quarter worth $25,000. Olde Wealth Management LLC acquired a new position in NVR during the first quarter worth $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in NVR during the first quarter worth $36,000. Ridgewood Investments LLC lifted its stake in NVR by 150.0% during the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock worth $36,000 after purchasing an additional 3 shares in the last quarter. Finally, SouthState Corp acquired a new position in NVR during the first quarter worth $36,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. UBS Group increased 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. Finally, JPMorgan Chase & Co. increased 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. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $8,783.33.

NVR Stock Up 3.4%

Shares of NYSE NVR traded up $269.9250 during mid-day trading on Friday, hitting $8,223.8250. The company had a trading volume of 17,357 shares, compared to its average volume of 15,754. The company has a market capitalization of $23.60 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 11.42 and a beta of 0.94. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,964.77. The business's 50-day simple moving average is $7,660.46 and its 200 day simple moving average is $7,366.53.

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 business had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.46 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%.The company's revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the firm earned $120.69 earnings per share. On average, analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

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

Insider Buying and Selling at NVR

In related news, CAO Matthew B. Kelpy sold 600 shares of the stock in a transaction 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 transaction, the chief accounting officer 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 filing with the SEC, which is available through this hyperlink. Also, Director Susan Williamson Ross sold 125 shares of the stock in a transaction on 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 completion of the transaction, the director directly owned 386 shares in the company, valued at $3,030,208.08. This trade represents a 24.46% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company's stock.

About NVR

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.