178 Shares in NVR, Inc. $NVR Bought by Versor Investments LP

Key Points

• Versor Investments LP acquired 178 shares of NVR, Inc. during Q1, valued at approximately $1.29 million, reflecting growing interest from institutional investors.
• Recent insider trading revealed significant sales: CAO Matthew B. Kelpy sold 600 shares for $4.86 million, indicating a 74.26% reduction in his position.
• NVR's performance included a Q2 earnings report showing an EPS of $108.54, surpassing estimates, although revenue was down 0.5% year-over-year.

Versor Investments LP acquired a new position in shares of NVR, Inc. (NYSE:NVR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 178 shares of the construction company's stock, valued at approximately $1,290,000.

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

Wall Street Analysts Forecast Growth

NVR has been the subject of several recent research reports. Wall Street Zen raised NVR from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. UBS Group boosted 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. Finally, JPMorgan Chase & Co. lifted their target price on NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research 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, the stock presently has a consensus rating of "Hold" and an average target price of $8,783.33.

NVR Stock Performance

NVR traded up $269.9250 during trading on Friday, hitting $8,223.8250. The stock had a trading volume of 17,329 shares, compared to its average volume of 22,887. The firm has a market cap of $23.60 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 11.17 and a beta of 0.94. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. The company has a 50 day moving average price of $7,640.31 and a 200-day moving average price of $7,366.35. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, topping analysts' consensus estimates 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 in the previous year, the company posted $120.69 EPS. NVR's quarterly revenue was down .5% compared to the same quarter last year. As a group, research analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its Board of Directors has approved a share repurchase program on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 3.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

Insider Activity

In related news, CAO Matthew B. Kelpy sold 600 shares of the company's 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 transaction of $4,860,000.00. Following the sale, the chief accounting officer directly owned 208 shares in the company, valued at approximately $1,684,800. This represents a 74.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Susan Williamson Ross sold 125 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the transaction, the director directly owned 386 shares in the company, valued at approximately $3,030,208.08. This represents a 24.46% decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.00% of the company's stock.

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.