OMERS ADMINISTRATION Corp Raises Stock Holdings in NVR, Inc. $NVR

Key Points

• OMERS ADMINISTRATION Corp increased its stake in NVR, Inc. by 19.2% during Q1, now holding 360 shares valued at approximately $2.6 million.
• Multiple investors like GAMMA Investing LLC and JPMorgan Chase & Co. made significant increases in their holdings of NVR during the first quarter, with overall investor ownership at 83.67%.
• NVR's earnings for the last quarter exceeded expectations, reporting $108.54 EPS against a consensus estimate of $104.89, but revenue declined by 0.5% year-over-year.

OMERS ADMINISTRATION Corp increased its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 19.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 360 shares of the construction company's stock after buying an additional 58 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in NVR were worth $2,608,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in NVR by 838,726.3% during the 1st quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock worth $1,154,589,000 after buying an additional 159,358 shares in the last quarter. Boston Partners increased its holdings in NVR by 14.0% in the first quarter. Boston Partners now owns 59,077 shares of the construction company's stock valued at $427,962,000 after purchasing an additional 7,233 shares during the last quarter. Siemens Fonds Invest GmbH lifted its stake in NVR by 116,808.2% in the fourth quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock valued at $468,528,000 after buying an additional 57,236 shares during the period. Principal Financial Group Inc. boosted its holdings in NVR by 5.3% during the first quarter. Principal Financial Group Inc. now owns 56,352 shares of the construction company's stock worth $408,236,000 after buying an additional 2,814 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of NVR by 41.6% during the 1st quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company's stock worth $379,639,000 after buying an additional 15,405 shares during the period. Institutional investors own 83.67% of the company's stock.

Insider Transactions at NVR

In related news, CAO Matthew B. Kelpy sold 600 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the transaction, the chief accounting officer owned 208 shares in the company, valued at approximately $1,684,800. This represents a 74.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alexandra A. Jung sold 200 shares of the firm's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the completion of the sale, the director directly owned 75 shares of the company's stock, valued at $606,183. This represents a 72.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 975 shares of company stock worth $7,869,360 in the last ninety days. Company insiders own 7.80% of the company's stock.

NVR Stock Up 0.7%

NVR stock traded up $53.57 during trading on Tuesday, reaching $8,171.22. 18,450 shares of the stock were exchanged, compared to its average volume of 22,669. The firm has a market cap of $23.45 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 11.29 and a beta of 0.95. The firm's 50 day moving average is $7,779.25 and its 200 day moving average is $7,392.12. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. 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 earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, topping analysts' consensus estimates of $104.89 by $3.65. The company had revenue of $2.55 billion for 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%. The firm's revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $120.69 EPS. As a group, research analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

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

Analyst Upgrades and Downgrades

NVR has been the topic of a number of research reports. UBS Group boosted their price target on NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, JPMorgan Chase & Co. raised 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. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $8,783.33.

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.