SCS Capital Management LLC Takes Position in NVR, Inc. $NVR

Key Points

• SCS Capital Management LLC has acquired a new stake in NVR, Inc., purchasing 59 shares valued at approximately $427,000.
• As of the latest reports, NVR's stock opened at $8,544.93 with a market cap of $24.52 billion and a price-to-earnings ratio of 18.03.
• Analysts have recently adjusted their ratings on NVR, with UBS Group increasing their target price to $8,150.00 and JPMorgan raising their target to $7,600.00, while maintaining a "neutral" rating.

SCS Capital Management LLC acquired a new stake in shares of NVR, Inc. (NYSE:NVR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 59 shares of the construction company's stock, valued at approximately $427,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of NVR. Brighton Jones LLC grew its position in NVR by 68.9% in the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company's stock worth $622,000 after purchasing an additional 31 shares during the last quarter. Baird Financial Group Inc. grew its position in NVR by 6.7% in the 4th quarter. Baird Financial Group Inc. now owns 48 shares of the construction company's stock worth $393,000 after purchasing an additional 3 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in NVR by 176.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 396 shares of the construction company's stock worth $3,239,000 after purchasing an additional 253 shares during the last quarter. LMR Partners LLP bought a new position in NVR in the 4th quarter worth about $294,000. Finally, Nuveen Asset Management LLC grew its position in NVR by 3.7% in the 4th quarter. Nuveen Asset Management LLC now owns 43,554 shares of the construction company's stock worth $356,224,000 after purchasing an additional 1,564 shares during the last quarter. Institutional investors own 83.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on NVR. JPMorgan Chase & Co. upped their target price 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. UBS Group increased their price objective on shares of NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $8,783.33.

NVR Price Performance

Shares of NYSE NVR traded up $64.30 during trading on Wednesday, hitting $8,274.28. The company had a trading volume of 2,978 shares, compared to its average volume of 22,283. The company has a market cap of $23.75 billion, a P/E ratio of 17.46, a PEG ratio of 11.51 and a beta of 0.95. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77. The business's 50-day moving average is $7,970.17 and its 200 day moving average is $7,478.23. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79.

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, beating the consensus estimate of $104.89 by $3.65. The company had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.46 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%.The firm's revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $120.69 earnings per share. Equities research analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Insider Activity 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 shares were sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the completion of the sale, the chief accounting officer owned 208 shares in the company, valued at approximately $1,684,800. This represents a 74.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alexandra A. Jung sold 200 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total transaction of $1,616,488.00. Following the completion of the sale, the director owned 75 shares of the company's stock, valued at approximately $606,183. This trade represents a 72.73% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 975 shares of company stock worth $7,869,360. 7.80% of the stock is owned by corporate insiders.

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.