Sepio Capital LP Reduces Stock Position in NVR, Inc. $NVR

Sepio Capital LP lessened its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 47.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 158 shares of the construction company's stock after selling 141 shares during the period. Sepio Capital LP's holdings in NVR were worth $1,145,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of NVR. Brighton Jones LLC raised its stake in NVR by 68.9% during the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company's stock worth $622,000 after buying an additional 31 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in NVR in the fourth quarter valued at $5,619,000. Baird Financial Group Inc. increased its stake in NVR by 6.7% in the fourth quarter. Baird Financial Group Inc. now owns 48 shares of the construction company's stock valued at $393,000 after purchasing an additional 3 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in NVR by 25.4% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 178 shares of the construction company's stock valued at $1,456,000 after purchasing an additional 36 shares in the last quarter. Finally, Deutsche Bank AG increased its position in shares of NVR by 15.8% during the fourth quarter. Deutsche Bank AG now owns 12,838 shares of the construction company's stock worth $105,001,000 after acquiring an additional 1,750 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. UBS Group upped their price objective 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. upped 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 report on Thursday, July 24th. Finally, Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, NVR has a consensus rating of "Hold" and a consensus price target of $8,783.33.

NVR Stock Performance

NVR traded down $109.19 during midday trading on Friday, reaching $8,423.79. The company had a trading volume of 15,875 shares, compared to its average volume of 16,811. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79. The stock has a market cap of $24.18 billion, a PE ratio of 17.78, a P/E/G ratio of 11.86 and a beta of 0.95. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The business has a 50-day moving average price of $7,942.46 and a two-hundred day moving average price of $7,463.76.

NVR (NYSE:NVR - Get Free Report) last released its earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, beating analysts' consensus estimates of $104.89 by $3.65. The firm had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. The company's quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $120.69 earnings per share. On average, sell-side analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Insider Buying and Selling at NVR

In other NVR news, Director Alexandra A. Jung sold 200 shares of the business's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the transaction, the director directly owned 75 shares in the company, valued at $606,183. The trade was a 72.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew B. Kelpy sold 600 shares of the business'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. The trade was a 74.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 975 shares of company stock worth $7,869,360 over the last three months. 7.00% of the stock is currently owned by insiders.

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.