Sprott Inc. Has $674,000 Stake in NVR, Inc. $NVR

Key Points

• Sprott Inc. increased its holdings in NVR, Inc. by 121.4% during the first quarter, now owning 93 shares valued at $674,000.
• Analysts have raised their price targets for NVR, with UBS increasing it from $7,900 to $8,150 and JPMorgan from $7,200 to $7,600, giving it a consensus rating of Hold.
• NVR reported quarterly earnings on July 23, posting an EPS of $108.54, surpassing expectations, despite a year-over-year revenue decline of 0.5%.

Sprott Inc. grew its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 121.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93 shares of the construction company's stock after buying an additional 51 shares during the quarter. Sprott Inc.'s holdings in NVR were worth $674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in NVR. Brighton Jones LLC lifted its holdings in shares of NVR by 68.9% during the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company's stock valued at $622,000 after buying an additional 31 shares during the last quarter. Jump Financial LLC lifted its holdings in shares of NVR by 39.1% during the 4th quarter. Jump Financial LLC now owns 64 shares of the construction company's stock valued at $523,000 after buying an additional 18 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of NVR by 157.1% during the 4th quarter. TD Waterhouse Canada Inc. now owns 36 shares of the construction company's stock valued at $295,000 after buying an additional 22 shares during the last quarter. Susquehanna International Group LLP lifted its holdings in shares of NVR by 128.6% during the 4th quarter. Susquehanna International Group LLP now owns 1,833 shares of the construction company's stock valued at $14,992,000 after buying an additional 1,031 shares during the last quarter. Finally, Dark Forest Capital Management LP lifted its holdings in shares of NVR by 157.7% during the 4th quarter. Dark Forest Capital Management LP now owns 67 shares of the construction company's stock valued at $548,000 after buying an additional 41 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Susan Williamson Ross sold 125 shares of the company'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 transaction of $981,285.00. Following the completion of the transaction, the director directly owned 386 shares in the company, valued at $3,030,208.08. The trade was a 24.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $4,860,000.00. Following the transaction, the chief accounting officer owned 208 shares of the company's stock, valued at approximately $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. 7.80% of the stock is owned by insiders.

Analyst Ratings Changes

NVR has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. UBS Group boosted their target price on NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, NVR has an average rating of "Hold" and an average target price of $8,783.33.

NVR Stock Performance

NVR traded up $269.9250 on Friday, hitting $8,223.8250. The company had a trading volume of 17,357 shares, compared to its average volume of 15,989. The company's fifty day moving average price is $7,660.46 and its 200 day moving average price is $7,363.94. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,964.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. The stock has a market cap of $23.60 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 11.42 and a beta of 0.94.

NVR (NYSE:NVR - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share 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 during the quarter, compared to analyst estimates of $2.46 billion. During the same period in the previous year, the company earned $120.69 EPS. The company's revenue for the quarter was down .5% on a year-over-year basis. Equities analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

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

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.