NVR, Inc. $NVR Holdings Boosted by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

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 boosted its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 1.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,891 shares of the construction company's stock after acquiring an additional 412 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.89% of NVR worth $187,565,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NVR. JDM Financial Group LLC bought a new stake in shares of NVR during the fourth quarter valued at approximately $25,000. Olde Wealth Management LLC bought a new stake in shares of NVR during the first quarter valued at approximately $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of NVR during the first quarter valued at approximately $36,000. Ridgewood Investments LLC raised its holdings in shares of NVR by 150.0% during the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock valued at $36,000 after buying an additional 3 shares during the last quarter. Finally, SouthState Corp bought a new stake in shares of NVR during the first quarter valued at approximately $36,000. Institutional investors own 83.67% of the company's stock.

NVR Price Performance

NYSE:NVR traded down $32.93 during midday trading on Tuesday, hitting $8,245.03. 8,658 shares of the stock were exchanged, compared to its average volume of 22,344. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77. The company has a market capitalization of $23.66 billion, a price-to-earnings ratio of 17.40, a P/E/G ratio of 11.70 and a beta of 0.95. The business has a 50-day moving average price of $7,956.69 and a two-hundred day moving average price of $7,473.14. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR - Get Free Report) last announced its 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 firm had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.46 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%.The firm's quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $120.69 earnings per share. Sell-side analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NVR. Wall Street Zen raised NVR from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. UBS Group lifted their price target on NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, 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. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $8,783.33.

Insiders Place Their Bets

In other NVR news, CAO Matthew B. Kelpy sold 600 shares of NVR stock in a transaction that occurred on Wednesday, August 13th. The shares were 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 in the company, valued at approximately $1,684,800. The trade was a 74.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Alexandra A. Jung sold 200 shares of NVR stock in a transaction that occurred on Tuesday, August 26th. The stock was 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 in the company, valued at approximately $606,183. This trade represents a 72.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 975 shares of company stock worth $7,869,360. 7.80% of the stock is owned by insiders.

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.