Quantbot Technologies LP Buys 219 Shares of NVR, Inc. $NVR

Key Points

• Quantbot Technologies LP raised its stake in NVR by 7,300%, buying an additional 219 shares to hold 222 shares worth about $1.784 million at quarter-end.
• NVR beat expectations with quarterly EPS of $121.54 (vs. $105.42 consensus) and revenue of $2.74 billion, though revenue was down ~5.2% year-over-year.
• The company’s Board authorized a $750 million share repurchase (up to ~3.3% of shares), while insiders have sold roughly 1,120 shares valued at about $9.01 million in the past 90 days.

Quantbot Technologies LP lifted its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 7,300.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222 shares of the construction company's stock after purchasing an additional 219 shares during the quarter. Quantbot Technologies LP's holdings in NVR were worth $1,784,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Assetmark Inc. raised its stake in NVR by 50.0% during the 2nd quarter. Assetmark Inc. now owns 6 shares of the construction company's stock worth $44,000 after buying an additional 2 shares during the period. State of Wyoming bought a new stake in shares of NVR during the second quarter valued at approximately $44,000. Zions Bancorporation National Association UT lifted its holdings in shares of NVR by 600.0% in the 3rd quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company's stock worth $56,000 after purchasing an additional 6 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in NVR in the 2nd quarter valued at $59,000. Finally, Financial Gravity Companies Inc. bought a new stake in NVR during the 2nd quarter valued at $66,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Price Performance

NVR stock opened at $7,253.79 on Thursday. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $8,618.28. The company's 50 day moving average price is $7,567.10 and its two-hundred day moving average price is $7,668.56. The stock has a market cap of $20.24 billion, a P/E ratio of 16.59, a P/E/G ratio of 2.53 and a beta of 1.04. The company has a quick ratio of 3.71, a current ratio of 6.21 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The construction company reported $121.54 EPS for the quarter, beating analysts' consensus estimates of $105.42 by $16.12. NVR had a return on equity of 34.28% and a net margin of 13.27%.The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period last year, the business posted $139.93 earnings per share. NVR's revenue was down 5.2% on a year-over-year basis. On average, equities analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to purchase up to 3.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling at NVR

In related news, Director Susan Williamson Ross sold 200 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $7,922.06, for a total transaction of $1,584,412.00. Following the completion of the transaction, the director owned 386 shares in the company, valued at approximately $3,057,915.16. This represents a 34.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matthew B. Kelpy sold 500 shares of NVR stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total transaction of $4,050,000.00. Following the completion of the sale, the chief accounting officer directly owned 208 shares in the company, valued at approximately $1,684,800. This represents a 70.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,120 shares of company stock valued at $9,012,736. Insiders own 7.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NVR shares. Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a research note on Saturday, January 31st. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of NVR in a research report on Thursday, January 22nd. Zelman & Associates raised NVR from a "sell" rating to a "hold" rating and set a $7,675.00 price objective for the company in a report on Thursday, January 29th. Truist Financial assumed coverage on NVR in a report on Wednesday. They issued a "hold" rating and a $7,700.00 target price on the stock. Finally, UBS Group set a $8,100.00 price target on NVR in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $8,182.83.

NVR Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR's homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.

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