NVR, Inc. $NVR Shares Sold by Royal Bank of Canada

Key Points

• Royal Bank of Canada reduced its stake in NVR, Inc. by 6.7%, now holding 15,372 shares valued at approximately $111.36 million.
• Several institutional investors, such as GAMMA Investing LLC and JPMorgan Chase & Co., increased their stakes in NVR, indicating strong interest in the stock despite mixed analyst ratings.
• NVR's recent earnings report showed an EPS of $108.54, exceeding expectations, although revenue fell 0.5% year-over-year.

Royal Bank of Canada lessened its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 6.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,372 shares of the construction company's stock after selling 1,101 shares during the quarter. Royal Bank of Canada owned 0.53% of NVR worth $111,360,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in shares of NVR by 838,726.3% in the first quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock valued at $1,154,589,000 after purchasing an additional 159,358 shares during the period. Siemens Fonds Invest GmbH increased its stake in NVR by 116,808.2% during the 4th quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock worth $468,528,000 after buying an additional 57,236 shares during the period. Nuveen LLC acquired a new position in NVR in the 1st quarter worth $334,981,000. JPMorgan Chase & Co. boosted its position in NVR by 41.6% in the 1st quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company's stock valued at $379,639,000 after buying an additional 15,405 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of NVR during the fourth quarter valued at about $118,087,000. Hedge funds and other institutional investors own 83.67% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on NVR shares. UBS Group boosted their price target on NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. increased their target price on NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $8,783.33.

NVR Stock Up 1.1%

Shares of NVR stock traded up $89.27 during mid-day trading on Friday, reaching $8,497.04. 13,288 shares of the company were exchanged, compared to its average volume of 15,839. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,964.77. 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 market capitalization of $24.39 billion, a P/E ratio of 17.93, a P/E/G ratio of 11.82 and a beta of 0.95. The business's 50 day simple moving average is $7,861.59 and its 200 day simple moving average is $7,420.74.

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

Insider Buying and Selling

In other 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 transaction of $4,860,000.00. Following the completion of the transaction, the chief accounting officer directly owned 208 shares of the company's stock, 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 can be accessed through the SEC website. Also, 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 completion of the sale, the director directly owned 386 shares in the company, valued at approximately $3,030,208.08. This trade represents a 24.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 975 shares of company stock worth $7,869,360 over the last ninety days. 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.