Liontrust Investment Partners LLP Cuts Position in NVR, Inc. $NVR

Key Points

• Liontrust Investment Partners LLP has reduced its holdings in NVR, Inc. by 3.8%, now owning 15,876 shares valued at approximately $115 million.
• NVR, Inc. announced a $750 million stock buyback plan, signifying its belief that the stock is undervalued.
• The company reported earnings per share of $108.54 for the last quarter, exceeding estimates, though revenue decreased by 0.5% year-over-year.

Liontrust Investment Partners LLP lessened its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 3.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 15,876 shares of the construction company's stock after selling 629 shares during the period. NVR comprises 1.8% of Liontrust Investment Partners LLP's holdings, making the stock its 18th biggest position. Liontrust Investment Partners LLP owned 0.54% of NVR worth $115,012,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. JDM Financial Group LLC purchased a new stake in NVR during the fourth quarter worth $25,000. Olde Wealth Management LLC bought a new position in shares of NVR in the 1st quarter worth $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of NVR during the 1st quarter worth $36,000. Ridgewood Investments LLC boosted its position in NVR by 150.0% during the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock valued at $36,000 after purchasing an additional 3 shares in the last quarter. Finally, SouthState Corp bought a new stake in NVR during the first quarter valued at about $36,000. 83.67% of the stock is currently owned by institutional investors.

Insider Activity at NVR

In other news, CAO Matthew B. Kelpy sold 600 shares of the firm's stock in a transaction that occurred on 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 sale, the chief accounting officer owned 208 shares of the company's stock, valued at $1,684,800. This trade represents a 74.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan Williamson Ross sold 125 shares of NVR stock in a transaction that occurred 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 transaction, the director directly owned 386 shares of the company's stock, valued at approximately $3,030,208.08. This trade represents a 24.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by company insiders.

NVR Stock Performance

Shares of NYSE NVR traded down $227.2880 during mid-day trading on Wednesday, hitting $8,019.6020. The stock had a trading volume of 17,843 shares, compared to its average volume of 16,575. The firm has a market cap of $23.02 billion, a PE ratio of 16.93, a PEG ratio of 11.47 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. The company has a 50 day moving average of $7,629.46 and a two-hundred day moving average of $7,364.91. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. NVR's revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the firm posted $120.69 EPS. Research analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NVR shares. Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. lifted their price target on shares of 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 upped their price target 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 assigned a Hold rating to the company. According to data from MarketBeat.com, NVR has a consensus rating of "Hold" and a consensus target price of $8,783.33.

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.