AlphaQuest LLC Buys 58 Shares of NVR, Inc. $NVR

Key Points

• AlphaQuest LLC increased its stake in NVR, Inc. by 26.5%, now holding 277 shares valued at approximately $2,007,000.
• NVR recently reported earnings of $108.54 EPS, exceeding estimates and generating $2.55 billion in revenue for the quarter.
• The company has approved a $750 million stock buyback program, indicating that its leadership considers the stock to be undervalued.

AlphaQuest LLC lifted its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 26.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 277 shares of the construction company's stock after buying an additional 58 shares during the quarter. AlphaQuest LLC's holdings in NVR were worth $2,007,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in shares of NVR by 838,726.3% during the 1st quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock worth $1,154,589,000 after buying an additional 159,358 shares during the last quarter. Boston Partners lifted its stake in shares of NVR by 14.0% during the 1st quarter. Boston Partners now owns 59,077 shares of the construction company's stock worth $427,962,000 after buying an additional 7,233 shares during the last quarter. Siemens Fonds Invest GmbH lifted its stake in shares of NVR by 116,808.2% during the 4th quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock worth $468,528,000 after buying an additional 57,236 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of NVR by 5.3% during the 1st quarter. Principal Financial Group Inc. now owns 56,352 shares of the construction company's stock worth $408,236,000 after buying an additional 2,814 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of 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 buying an additional 15,405 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NVR. Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. raised their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Finally, UBS Group raised 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 report on Thursday, July 24th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $8,783.33.

NVR Stock Performance

NYSE:NVR traded up $269.9250 during mid-day trading on Friday, reaching $8,223.8250. 17,357 shares of the company's stock were exchanged, compared to its average volume of 15,989. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77. The firm 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 business's fifty day simple moving average is $7,660.46 and its two-hundred day simple moving average is $7,363.94. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79.

NVR (NYSE:NVR - Get Free Report) last released 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 business had revenue of $2.55 billion for 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% compared to the same quarter last year. During the same period last year, the firm earned $120.69 earnings per share. Analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has initiated a share repurchase program on Tuesday, May 6th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 3.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

Insider Transactions at NVR

In other NVR 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 sale, the chief accounting officer directly owned 208 shares in the company, valued at $1,684,800. This represents a 74.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Susan Williamson Ross sold 125 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the sale, the director owned 386 shares in the company, valued at $3,030,208.08. The trade was a 24.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 7.80% of the company's stock.

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.