Vanguard Personalized Indexing Management LLC Buys 33 Shares of NVR, Inc. $NVR

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in NVR, Inc. by 12.2%, owning 303 shares valued at approximately $2.24 million as of the latest SEC filing.
• Insider selling has occurred recently, with CAO Matthew B. Kelpy selling 600 shares for around $4.86 million, resulting in a significant decrease in their ownership.
• NVR's stock has a market cap of $21.80 billion, and analysts have set an average price target of $8,250, with mixed ratings ranging from "buy" to "hold."

Vanguard Personalized Indexing Management LLC raised its stake in NVR, Inc. (NYSE:NVR - Free Report) by 12.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 303 shares of the construction company's stock after acquiring an additional 33 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in NVR were worth $2,238,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of NVR. AdvisorNet Financial Inc purchased a new stake in NVR during the second quarter valued at $30,000. Olde Wealth Management LLC purchased a new position in shares of NVR during the first quarter valued at approximately $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in NVR in the 1st quarter valued at $36,000. Ridgewood Investments LLC grew its holdings in shares of NVR by 150.0% in the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock worth $36,000 after purchasing an additional 3 shares during the last quarter. Finally, SouthState Corp purchased a new position in shares of NVR during the first quarter worth approximately $36,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Matthew B. Kelpy sold 600 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total transaction 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. The trade was a 74.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Alexandra A. Jung sold 200 shares of the stock in a transaction dated 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 sale, the director owned 75 shares of the company's stock, valued at approximately $606,183. The trade was a 72.73% 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 in the last 90 days. 7.00% of the stock is owned by insiders.

NVR Trading Down 0.7%

NVR stock opened at $7,595.15 on Friday. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The business's 50-day moving average is $8,070.87 and its 200 day moving average is $7,571.61. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. The stock has a market cap of $21.80 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 10.63 and a beta of 0.94.

NVR (NYSE:NVR - Get Free Report) last released its earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, beating 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 the consensus estimate of $2.46 billion. During the same quarter last year, the business posted $120.69 earnings per share. The business's quarterly revenue was down .5% compared to the same quarter last year. On average, sell-side analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on NVR shares. UBS Group raised their price target on NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. increased their price target on NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Weiss Ratings reiterated a "hold (c+)" rating on shares of NVR in a research note on Wednesday, October 8th. Bank of America dropped their target price on NVR from $9,100.00 to $9,000.00 and set a "buy" rating on the stock in a research report on Friday, October 10th. Finally, Wall Street Zen raised NVR from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, NVR currently has an average rating of "Hold" and an average price target of $8,250.00.

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.

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