NVR, Inc. $NVR Shares Bought by USS Investment Management Ltd

Key Points

• USS Investment Management Ltd increased its stake in NVR, Inc. by 15.1%, owning a total of 639 shares valued at approximately $4.6 million at the end of the reporting period.
• Analysts have raised NVR's price targets, with JPMorgan Chase increasing it from $7,200 to $7,600 and UBS raising it to $8,150, with a consensus price target of $8,783.33.
• The company reported $108.54 earnings per share, exceeding estimates and showing a slight revenue decline of 0.5% compared to the previous year’s quarter.

USS Investment Management Ltd raised its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 15.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 639 shares of the construction company's stock after purchasing an additional 84 shares during the period. USS Investment Management Ltd's holdings in NVR were worth $4,639,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fifth Third Wealth Advisors LLC increased its position in NVR by 1.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 177 shares of the construction company's stock worth $1,282,000 after purchasing an additional 2 shares during the last quarter. Peak Financial Advisors LLC increased 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 worth $1,108,000 after purchasing an additional 2 shares during the last quarter. Salvus Wealth Management LLC increased its position in NVR by 0.6% during 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 during the last quarter. Fifth Third Bancorp increased its position in NVR by 6.9% during 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 during the last quarter. Finally, Ballentine Partners LLC increased its position in NVR by 6.7% during 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 during the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

Insider Activity

In other NVR news, Director Alexandra A. Jung sold 200 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total transaction of $1,616,488.00. Following the transaction, the director directly owned 75 shares in the company, valued at $606,183. This represents a 72.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction of $981,285.00. Following the transaction, the director owned 386 shares in the company, valued at $3,030,208.08. This trade represents a 24.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 975 shares of company stock worth $7,869,360. 7.00% of the stock is currently owned by company insiders.

NVR Stock Down 1.3%

Shares of NVR stock traded down $109.19 on Friday, hitting $8,423.79. The stock had a trading volume of 15,875 shares, compared to its average volume of 16,811. The firm has a market capitalization of $24.18 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 11.86 and a beta of 0.95. The stock's 50 day moving average is $7,942.46 and its 200-day moving average is $7,461.90. 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, 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 announced its earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share 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 the consensus estimate of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. The business's quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $120.69 earnings per share. As a group, research analysts expect that NVR, Inc. will post 505.2 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on NVR. UBS Group upped 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. JPMorgan Chase & Co. boosted their price objective 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, Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, NVR has a consensus rating of "Hold" and an average target price of $8,783.33.

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.