UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Increases Stock Holdings in NVR, Inc. $NVR

Key Points

• UBS AM increased its holdings in NVR, Inc. by 1.6% to own 25,891 shares, valued at approximately $187.57 million.
• Several large investors, including GAMMA Investing LLC and JPMorgan Chase & Co., significantly boosted their stakes in NVR during the first quarter, reflecting strong institutional interest.
• NVR reported earnings of $108.54 per share for the last quarter, exceeding consensus estimates and achieving a net margin of 14.68%, despite a year-over-year revenue decline of 0.5%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 1.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,891 shares of the construction company's stock after purchasing an additional 412 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.89% of NVR worth $187,565,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors 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 valued at $622,000 after acquiring an additional 31 shares in 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 valued at $393,000 after acquiring an additional 3 shares in 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 valued at $3,239,000 after acquiring an additional 253 shares in the last quarter. LMR Partners LLP acquired a new position in NVR in the 4th quarter valued at 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 valued at $356,224,000 after acquiring an additional 1,564 shares in the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NVR shares. UBS Group lifted their target price 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. JPMorgan Chase & Co. boosted their price objective 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. Finally, Wall Street Zen raised NVR from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $8,783.33.

Insiders Place Their Bets

In other NVR news, Director Susan Williamson Ross sold 125 shares of NVR 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 transaction, the director owned 386 shares of the company's stock, valued at $3,030,208.08. The trade was a 24.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Matthew B. Kelpy sold 600 shares of NVR 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 directly owned 208 shares in the company, valued at approximately $1,684,800. This trade represents a 74.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 975 shares of company stock valued at $7,869,360 over the last quarter. Company insiders own 7.80% of the company's stock.

NVR Stock Up 0.8%

Shares of NYSE NVR traded up $64.30 during midday trading on Wednesday, hitting $8,274.28. 2,978 shares of the company's stock were exchanged, compared to its average volume of 22,283. 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 twelve month low of $6,562.85 and a twelve month high of $9,964.77. The company has a market cap of $23.75 billion, a PE ratio of 17.46, a P/E/G ratio of 11.51 and a beta of 0.95. The firm's fifty day simple moving average is $7,970.17 and its 200-day simple moving average is $7,478.23.

NVR (NYSE:NVR - Get Free Report) last issued 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 business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter last year, the company earned $120.69 EPS. The business's quarterly revenue was down .5% on a year-over-year basis. Research analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

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.