70 Shares in NVR, Inc. $NVR Purchased by United Services Automobile Association

Key Points

• The United Services Automobile Association acquired a new stake in NVR, Inc. during the 1st quarter, purchasing 70 shares valued at approximately $503,000.
• Institutional investors now own 83.67% of NVR's stock, with several firms increasing their holdings recently.
• NVR's earnings per share surpassed expectations, reporting $108.54 for the last quarter, while revenue declined by 0.5% year-over-year.

United Services Automobile Association bought a new stake in NVR, Inc. (NYSE:NVR - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 70 shares of the construction company's stock, valued at approximately $503,000.

A number of other hedge funds also recently made changes to their positions in NVR. Fifth Third Wealth Advisors LLC boosted its holdings in NVR by 1.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 177 shares of the construction company's stock valued at $1,282,000 after acquiring an additional 2 shares during the last quarter. Peak Financial Advisors LLC lifted its stake in shares of NVR by 1.3% in the 1st quarter. Peak Financial Advisors LLC now owns 153 shares of the construction company's stock valued at $1,108,000 after purchasing an additional 2 shares in the last quarter. Salvus Wealth Management LLC increased its position in NVR by 0.6% during the 1st quarter. Salvus Wealth Management LLC now owns 338 shares of the construction company's stock worth $2,449,000 after purchasing an additional 2 shares in the last quarter. Fifth Third Bancorp raised its holdings in NVR by 6.9% in the first quarter. Fifth Third Bancorp now owns 31 shares of the construction company's stock valued at $225,000 after buying an additional 2 shares during the period. Finally, Ballentine Partners LLC raised its holdings in NVR by 6.7% in the first quarter. Ballentine Partners LLC now owns 32 shares of the construction company's stock valued at $232,000 after buying an additional 2 shares during the period. Institutional investors and hedge funds own 83.67% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NVR shares. JPMorgan Chase & Co. increased their price objective on shares of 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 NVR from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, UBS Group raised 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 investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, NVR has a consensus rating of "Hold" and an average price target of $8,783.33.

NVR Stock Down 1.3%

Shares of NYSE NVR traded down $109.19 during midday trading on Friday, reaching $8,423.79. 15,875 shares of the company's stock were exchanged, compared to its average volume of 16,811. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77. The business's fifty day moving average price is $7,942.46 and its two-hundred day moving average price is $7,463.76. The stock has a market capitalization of $24.18 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 11.86 and a beta of 0.95.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $104.89 by $3.65. NVR had a net margin of 14.68% and a return on equity of 37.35%. The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the firm earned $120.69 earnings per share. The business's revenue was down .5% compared to the same quarter last year. Analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

Insider Activity at NVR

In other NVR news, Director Alexandra A. Jung sold 200 shares of NVR stock in a transaction 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 sale, the director owned 75 shares of the company's stock, valued at $606,183. The trade was a 72.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Matthew B. Kelpy sold 600 shares of the stock in a transaction 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 completion of the transaction, the chief accounting officer directly owned 208 shares of the company's stock, valued at approximately $1,684,800. The trade was a 74.26% decrease in their position. 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. 7.00% of the stock is currently owned by company insiders.

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.