First Sabrepoint Capital Management LP Has $3.12 Million Holdings in NVR, Inc. $NVR

Key Points

• First Sabrepoint Capital Management LP reduced its stake in NVR, Inc. by 38.6%, now holding just 430 shares, which accounts for 1.2% of its total holdings.
• Analysts have recently upgraded NVR's rating, with the consensus now at "Hold" and a target price of $8,783.33.
• Insiders sold 975 shares of NVR stock in the last 90 days, indicating potential caution about the company's future performance amid current market conditions.

First Sabrepoint Capital Management LP decreased its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 38.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 430 shares of the construction company's stock after selling 270 shares during the period. NVR comprises about 1.2% of First Sabrepoint Capital Management LP's investment portfolio, making the stock its 24th biggest holding. First Sabrepoint Capital Management LP's holdings in NVR were worth $3,115,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NVR. Nomura Holdings Inc. grew its holdings in shares of NVR by 39.8% in the first quarter. Nomura Holdings Inc. now owns 137 shares of the construction company's stock valued at $992,000 after purchasing an additional 39 shares in the last quarter. Baird Financial Group Inc. increased its holdings in shares of NVR by 4.2% in the first quarter. Baird Financial Group Inc. now owns 50 shares of the construction company's stock valued at $362,000 after purchasing an additional 2 shares during the period. Vident Advisory LLC lifted its stake in shares of NVR by 1,528.0% in the 1st quarter. Vident Advisory LLC now owns 407 shares of the construction company's stock valued at $2,948,000 after purchasing an additional 382 shares during the period. The Manufacturers Life Insurance Company lifted its stake in NVR by 11.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 18,460 shares of the construction company's stock valued at $133,731,000 after buying an additional 1,910 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted 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 worth $50,095,000 after buying an additional 3,319 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. 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. Finally, UBS Group increased their target price 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 analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $8,783.33.

Insider Activity

In other news, CAO Matthew B. Kelpy sold 600 shares of the firm's 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 completion of the transaction, the chief accounting officer owned 208 shares in the company, valued at approximately $1,684,800. This trade represents a 74.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Susan Williamson Ross sold 125 shares of NVR stock in a transaction that occurred on 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 completion of the transaction, the director owned 386 shares in the company, valued at approximately $3,030,208.08. This trade represents a 24.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 975 shares of company stock worth $7,869,360 over the last 90 days. 7.80% of the stock is currently owned by company insiders.

NVR Stock Performance

Shares of NVR stock traded up $29.37 on Wednesday, hitting $8,199.22. 15,720 shares of the stock traded hands, compared to its average volume of 15,406. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,964.77. The company has a market capitalization of $23.53 billion, a PE ratio of 17.31, a PEG ratio of 11.29 and a beta of 0.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. The company's fifty day moving average is $7,797.01 and its 200 day moving average is $7,397.53.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 EPS for the quarter, beating the consensus estimate of $104.89 by $3.65. NVR had a net margin of 14.68% and a return on equity of 37.35%. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter last year, the business earned $120.69 earnings per share. NVR's revenue was down .5% compared to the same quarter last year. On average, equities research analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has authorized a share repurchase plan on Tuesday, May 6th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to buy up to 3.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

NVR Company 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.