NVR, Inc. $NVR Shares Sold by Epoch Investment Partners Inc.

Key Points

• Epoch Investment Partners Inc. reduced its stake in NVR, Inc. by 2.4%, selling 522 shares and now owning 0.73% of the company worth approximately $155 million.
• Director Susan Williamson Ross sold 125 shares of NVR, reflecting a 24.46% decrease in ownership, while CAO Matthew B. Kelpy sold 600 shares, a 74.26% decrease in their holdings.
• Several analysts have recent upgrades and new price targets for NVR, with a consensus target price of $8,783.33 and three analysts issuing a Hold rating.

Epoch Investment Partners Inc. cut its position in NVR, Inc. (NYSE:NVR - Free Report) by 2.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,402 shares of the construction company's stock after selling 522 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.73% of NVR worth $155,044,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of NVR. JDM Financial Group LLC acquired a new position in shares of NVR during the fourth quarter valued at about $25,000. Olde Wealth Management LLC purchased a new stake in NVR in the 1st quarter worth approximately $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in NVR in the 1st quarter worth approximately $36,000. Ridgewood Investments LLC boosted its position in 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 purchasing an additional 3 shares in the last quarter. Finally, SouthState Corp purchased a new position in shares of NVR during the 1st quarter valued at approximately $36,000. Institutional investors and hedge funds own 83.67% of the company's stock.

NVR Price Performance

NYSE:NVR traded up $61.09 during trading hours on Friday, hitting $8,135.89. The company's stock had a trading volume of 13,392 shares, compared to its average volume of 22,695. The business's 50-day moving average is $7,743.71 and its two-hundred day moving average is $7,381.22. The company has a market capitalization of $23.35 billion, a PE ratio of 17.17, a PEG ratio of 11.17 and a beta of 0.94. 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, 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 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 company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.46 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%.NVR's revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $120.69 earnings per share. As a group, research analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its board has approved a share repurchase plan on Tuesday, May 6th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 3.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NVR. JPMorgan Chase & Co. increased their target price on NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research report 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 stock a "neutral" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, NVR currently has a consensus rating of "Hold" and a consensus target price of $8,783.33.

Insider Buying and Selling at NVR

In other NVR news, Director Alexandra A. Jung sold 200 shares of the company's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the sale, the director owned 75 shares of the company's stock, valued at approximately $606,183. This represents a 72.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Matthew B. Kelpy sold 600 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the completion of the sale, the chief accounting officer directly owned 208 shares in the company, valued at $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 90 days, insiders have sold 975 shares of company stock valued at $7,869,360. Insiders own 7.00% 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.