NVR, Inc. (NYSE:NVR) Shares Sold by Prescott Group Capital Management L.L.C.

Key Points

• Prescott Group Capital Management L.L.C. has reduced its stake in NVR, Inc. by 33.3%, holding only 666 shares valued at $4.83 million after selling 333 shares.
• Some institutional investors increased their positions in NVR, with Spire Wealth Management boosting its stake by 21.2% during the same quarter.
• NVR reported quarterly earnings per share of $108.54, surpassing expectations, although its revenue showed a slight year-over-year decline of 0.5% to $2.55 billion.

Prescott Group Capital Management L.L.C. decreased its stake in NVR, Inc. (NYSE:NVR - Free Report) by 33.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 666 shares of the construction company's stock after selling 333 shares during the period. Prescott Group Capital Management L.L.C.'s holdings in NVR were worth $4,825,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Spire Wealth Management increased its position in NVR by 21.2% in the 1st quarter. Spire Wealth Management now owns 63 shares of the construction company's stock valued at $456,000 after buying an additional 11 shares in the last quarter. OLD Mission Capital LLC bought a new position in NVR during the fourth quarter valued at approximately $1,701,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of NVR by 12.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 331 shares of the construction company's stock valued at $2,377,000 after acquiring an additional 36 shares during the period. Asset Management One Co. Ltd. raised its holdings in NVR by 5.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 1,275 shares of the construction company's stock worth $9,237,000 after purchasing an additional 63 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in NVR by 15.8% in the first quarter. GAMMA Investing LLC now owns 22 shares of the construction company's stock worth $159,000 after acquiring an additional 3 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on NVR. Wall Street Zen cut shares of NVR from a "hold" rating to a "sell" rating in a research note on Monday, June 30th. JPMorgan Chase & Co. increased their price target on shares of NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a report on Thursday. Finally, UBS Group upped their target price on NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $8,783.33.

NVR Price Performance

Shares of NYSE NVR traded up $2.49 during mid-day trading on Friday, reaching $7,791.88. The company's stock had a trading volume of 12,659 shares, compared to its average volume of 19,937. The stock has a market capitalization of $22.75 billion, a P/E ratio of 16.45, a P/E/G ratio of 8.75 and a beta of 0.99. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.02 and a current ratio of 5.79. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,964.77. The stock has a 50-day moving average of $7,343.78 and a two-hundred day moving average of $7,389.45.

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

NVR declared that its Board of Directors has authorized a share repurchase plan on Tuesday, May 6th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 3.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

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.