SCS Capital Management LLC Makes New $427,000 Investment 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 position in NVR, Inc. (NYSE:NVR - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 59 shares of the construction company's stock, valued at approximately $427,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JDM Financial Group LLC purchased a new stake in NVR during the fourth quarter worth approximately $25,000. Olde Wealth Management LLC acquired a new position in shares of NVR during the 1st quarter valued at $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in NVR during the 1st quarter worth $36,000. Ridgewood Investments LLC increased its holdings in NVR by 150.0% in the 1st quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock valued at $36,000 after purchasing an additional 3 shares in the last quarter. Finally, SouthState Corp acquired a new stake in NVR in the 1st quarter valued at $36,000. Institutional investors and hedge funds own 83.67% of the company's stock.

Insider Buying and Selling

In related news, Director Susan Williamson Ross sold 125 shares of NVR stock in a transaction dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 600 shares of NVR stock in a transaction dated 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 completion of the transaction, the chief accounting officer owned 208 shares of the company's stock, valued at $1,684,800. This trade represents a 74.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 975 shares of company stock worth $7,869,360. Corporate insiders own 7.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NVR shares. Wall Street Zen raised NVR from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. 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 report on Thursday, July 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, NVR currently has an average rating of "Hold" and an average price target of $8,783.33.

NVR Stock Down 0.4%

NVR traded down $32.93 during trading on Tuesday, hitting $8,245.03. The company had a trading volume of 8,658 shares, compared to its average volume of 22,344. The company has a market cap of $23.66 billion, a PE ratio of 17.40, a P/E/G ratio of 11.70 and a beta of 0.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,964.77. The business has a 50-day moving average of $7,956.69 and a 200-day moving average of $7,473.14.

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

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.