Venator Management LLC Acquires 286 Shares of NVR, Inc. $NVR

Key Points

• Venator Management LLC increased its stake in NVR, Inc. by 11.6%, acquiring an additional 286 shares, which now makes NVR the firm's 9th largest holding at approximately $19.89 million.
• NVR reported Q2 earnings with an EPS of $108.54, exceeding estimates, but revenue decreased by 0.5% year-over-year.
• The company has initiated a $750 million stock buyback program, indicating confidence in the stock's value being undervalued.

Venator Management LLC boosted its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 11.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,745 shares of the construction company's stock after buying an additional 286 shares during the period. NVR accounts for approximately 5.9% of Venator Management LLC's holdings, making the stock its 9th largest holding. Venator Management LLC owned approximately 0.09% of NVR worth $19,886,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in NVR. JDM Financial Group LLC acquired a new position in shares of NVR in the 4th quarter valued at about $25,000. Olde Wealth Management LLC acquired a new position in shares of NVR in the 1st quarter valued at about $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of NVR in the 1st quarter valued at about $36,000. Ridgewood Investments LLC lifted its stake in shares of NVR by 150.0% in the 1st quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock valued at $36,000 after purchasing an additional 3 shares in the last quarter. Finally, SouthState Corp acquired a new position in shares of NVR in the 1st quarter valued at about $36,000. 83.67% of the stock is owned by institutional investors and hedge funds.

NVR Stock Performance

Shares of NYSE:NVR opened at $8,019.6020 on Thursday. The company has a market cap of $23.02 billion, a P/E ratio of 16.93, a PEG ratio of 11.47 and a beta of 0.94. 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 one year low of $6,562.85 and a one year high of $9,964.77. The business's 50-day simple moving average is $7,629.46 and its 200 day simple moving average is $7,364.91.

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, beating the consensus estimate of $104.89 by $3.65. The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.46 billion. NVR had a return on equity of 37.35% and a net margin of 14.68%.The company's revenue was down .5% on a year-over-year basis. During the same period last year, the business posted $120.69 EPS. On average, sell-side analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its board has initiated a stock repurchase program on Tuesday, May 6th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase up to 3.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its shares are undervalued.

Insider Activity at NVR

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 sale, the director directly owned 386 shares in the company, valued at $3,030,208.08. The trade was a 24.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the chief accounting officer owned 208 shares in the company, valued at $1,684,800. This represents a 74.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

NVR has been the topic of several research analyst reports. Wall Street Zen raised NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. lifted their price objective 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. Finally, UBS Group lifted their price objective 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. 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, NVR presently has a consensus rating of "Hold" and a consensus target price of $8,783.33.

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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