Trexquant Investment LP Invests $15.84 Million in NVR, Inc. $NVR

Key Points

• Trexquant Investment LP has acquired a new stake in NVR, Inc., purchasing 2,186 shares valued at approximately $15.8 million, representing roughly 0.07% ownership as per its recent SEC filing.
• Several institutional investors, including GAMMA Investing LLC and Siemens Fonds Invest GmbH, have significantly increased their holdings in NVR, which is currently predominantly owned (83.67%) by hedge funds and institutional investors.
• NVR's latest earnings report shows a fiscal quarter net margin of 14.68% with $108.54 earnings per share, exceeding analyst expectations and despite a slight year-over-year revenue decline.

Trexquant Investment LP purchased a new position in NVR, Inc. (NYSE:NVR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,186 shares of the construction company's stock, valued at approximately $15,836,000. Trexquant Investment LP owned approximately 0.07% of NVR at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC boosted its stake in NVR by 838,726.3% during the first quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock worth $1,154,589,000 after buying an additional 159,358 shares during the period. Siemens Fonds Invest GmbH lifted its stake in NVR by 116,808.2% in the fourth quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock worth $468,528,000 after purchasing an additional 57,236 shares during the last quarter. Nuveen LLC purchased a new position in shares of NVR during the first quarter valued at approximately $334,981,000. JPMorgan Chase & Co. raised its holdings in shares of NVR by 41.6% in the first quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company's stock worth $379,639,000 after buying an additional 15,405 shares during the period. Finally, Citadel Advisors LLC purchased a new position in NVR during the 4th quarter valued at $118,087,000. 83.67% of the stock is owned by institutional investors.

NVR Stock Up 0.8%

NYSE NVR traded up $61.09 during midday trading on Monday, hitting $8,135.89. 13,392 shares of the company traded hands, compared to its average volume of 16,120. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77. The company's 50-day simple moving average is $7,763.39 and its 200-day simple moving average is $7,386.69. The company has a market cap of $23.35 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 11.29 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 (NYSE:NVR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, beating analysts' consensus estimates of $104.89 by $3.65. NVR had a return on equity of 37.35% and a net margin of 14.68%.The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter last year, the company earned $120.69 earnings per share. The firm's revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its Board of Directors has approved a stock repurchase program on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NVR shares. JPMorgan Chase & Co. lifted their target price 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. UBS Group lifted their price target on shares of NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen raised 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $8,783.33.

Insider Buying and Selling

In related news, Director Susan Williamson Ross sold 125 shares of the firm's stock in a transaction dated 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 sale, the director directly owned 386 shares of the company's stock, valued at $3,030,208.08. This trade represents a 24.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alexandra A. Jung sold 200 shares of the business's stock in a transaction 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 transaction, the director owned 75 shares of the company's stock, valued at approximately $606,183. This represents a 72.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 975 shares of company stock worth $7,869,360 in the last 90 days. Insiders own 7.80% of the company's stock.

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.