NVR, Inc. $NVR Shares Sold by Ieq Capital LLC

Key Points

• Ieq Capital LLC reduced its holdings in NVR, Inc. by 68.8% in Q1, owning only 82 shares valued at $594,000 after selling 181 shares.
• NVR reported earnings of $108.54 per share for the last quarter, exceeding expectations, but its year-over-year revenue decreased by 0.5%.
• Institutional investors and hedge funds own 83.67% of NVR's stock, indicating strong institutional interest despite recent selling activity.

Ieq Capital LLC lowered its position in NVR, Inc. (NYSE:NVR - Free Report) by 68.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 82 shares of the construction company's stock after selling 181 shares during the quarter. Ieq Capital LLC's holdings in NVR were worth $594,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. JDM Financial Group LLC bought a new stake in shares of NVR during the 4th quarter worth approximately $25,000. Olde Wealth Management LLC purchased a new position in NVR in the 1st quarter worth about $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in NVR in the 1st quarter worth about $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 valued at $36,000 after buying an additional 3 shares during the period. Finally, SouthState Corp bought a new position in NVR in the 1st quarter worth about $36,000. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Stock Up 1.1%

Shares of NVR stock traded up $89.27 on Friday, reaching $8,497.04. The stock had a trading volume of 13,288 shares, compared to its average volume of 15,839. The company has a 50 day moving average price of $7,861.59 and a 200 day moving average price of $7,418.92. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77. The stock has a market capitalization of $24.39 billion, a P/E ratio of 17.93, a P/E/G ratio of 11.69 and a beta of 0.95.

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

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. raised their price objective on NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. 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 report on Thursday, July 24th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, NVR has an average rating of "Hold" and an average price target of $8,783.33.

Insiders Place Their Bets

In other news, Director Susan Williamson Ross sold 125 shares of NVR 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 completion of the sale, the director directly owned 386 shares in the company, valued at approximately $3,030,208.08. The trade was a 24.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $4,860,000.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 975 shares of company stock valued at $7,869,360. Insiders own 7.00% of the company's stock.

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.