NVR, Inc. (NYSE:NVR) Shares Purchased by Headlands Technologies LLC

Key Points

• Headlands Technologies LLC increased its holdings in NVR, Inc. by 34.3%, purchasing an additional 180 shares during the 1st quarter, bringing its total ownership to 705 shares worth over $5 million.
• NVR, Inc. reported $108.54 earnings per share for the last quarter, exceeding estimates, despite a 0.5% decline in revenue year-over-year.
• The company has authorized a $750 million stock buyback plan, indicating the board's belief that its shares are undervalued.

Headlands Technologies LLC increased its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 34.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 705 shares of the construction company's stock after purchasing an additional 180 shares during the period. Headlands Technologies LLC's holdings in NVR were worth $5,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JDM Financial Group LLC purchased a new stake in NVR during the fourth quarter worth $25,000. Olde Wealth Management LLC purchased a new position in NVR in the first quarter valued at $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of NVR in the first quarter worth about $36,000. Ridgewood Investments LLC boosted its stake in shares of NVR by 150.0% during the 1st quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock worth $36,000 after acquiring an additional 3 shares in the last quarter. Finally, CX Institutional purchased a new stake in shares of NVR during the 1st quarter worth about $43,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Stock Down 0.5%

Shares of NYSE NVR opened at $7,869.83 on Thursday. The company's 50-day simple moving average is $7,449.71 and its 200-day simple moving average is $7,375.92. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77. The firm has a market cap of $22.98 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 11.24 and a beta of 0.94. 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 (NYSE:NVR - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, topping 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 firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the firm earned $120.69 EPS. The company's revenue for the quarter was down .5% on a year-over-year basis. Equities analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its board has approved a stock buyback plan on Tuesday, May 6th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Wall Street Zen lowered NVR from a "hold" rating to a "sell" rating in a research note on Monday, June 30th. UBS Group raised their price objective on NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. boosted their price objective 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $8,783.33.

Insider Activity at NVR

In other news, Director Susan Williamson Ross sold 125 shares of the firm's 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 value 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 7.00% of the stock is owned by insiders.

About NVR

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.