Timucuan Asset Management Inc. FL Grows Stake in NVR, Inc. $NVR

Key Points

• Timucuan Asset Management Inc. FL has increased its stake in NVR, Inc. by 2.1%, now owning 11,316 shares worth approximately $81.98 million, making it the 17th biggest holding of the fund.
• NVR recently topped analyst earnings estimates with $108.54 earnings per share for the quarter, beating predictions by $3.65.
• NVR has announced a $750 million share buyback program, indicating the board believes that the stock is undervalued.

Timucuan Asset Management Inc. FL raised its stake in NVR, Inc. (NYSE:NVR - Free Report) by 2.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 11,316 shares of the construction company's stock after purchasing an additional 236 shares during the quarter. NVR accounts for 2.5% of Timucuan Asset Management Inc. FL's portfolio, making the stock its 17th biggest position. Timucuan Asset Management Inc. FL owned 0.39% of NVR worth $81,975,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Spire Wealth Management raised its holdings in shares of NVR by 21.2% during the first quarter. Spire Wealth Management now owns 63 shares of the construction company's stock valued at $456,000 after acquiring an additional 11 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in NVR by 12.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 331 shares of the construction company's stock worth $2,377,000 after purchasing an additional 36 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of NVR by 5.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 1,275 shares of the construction company's stock worth $9,237,000 after buying an additional 63 shares during the last quarter. GAMMA Investing LLC increased its position in NVR by 15.8% during the 1st quarter. GAMMA Investing LLC now owns 22 shares of the construction company's stock valued at $159,000 after buying an additional 3 shares in the last quarter. Finally, Quantum Capital Management LLC NJ boosted its holdings in NVR by 60.3% in the first quarter. Quantum Capital Management LLC NJ now owns 10,537 shares of the construction company's stock worth $76,334,000 after acquiring an additional 3,965 shares in the last quarter. Institutional investors own 83.67% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at NVR

In other news, CAO Matthew B. Kelpy sold 600 shares of the 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 sale, the chief accounting officer directly owned 208 shares in the company, valued at approximately $1,684,800. This represents a 74.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Susan Williamson Ross sold 125 shares of the company's stock in a transaction on Monday, August 4th. The shares were 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 $3,030,208.08. This trade represents a 24.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 975 shares of company stock worth $7,869,360 over the last 90 days. Company insiders own 7.00% of the company's stock.

NVR Price Performance

NVR stock traded up $61.09 during midday trading on Friday, reaching $8,135.89. 13,392 shares of the stock traded hands, compared to its average volume of 16,202. The stock's fifty day moving average is $7,763.39 and its 200-day moving average is $7,386.34. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $9,964.77. The stock has a market cap of $23.35 billion, a P/E ratio of 17.17, a PEG ratio of 11.29 and a beta of 0.94. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.46 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%.The company's revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the company earned $120.69 EPS. As a group, equities research analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its board has approved a stock repurchase program on Tuesday, May 6th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 3.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

NVR Company 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.