Walleye Capital LLC Sells 330 Shares of NVR, Inc. $NVR

Key Points

• Walleye Capital LLC has reduced its holdings in NVR, Inc. by 23.8%, selling 330 shares, bringing its total to 1,057 shares valued at approximately $7.7 million.
• Recent analyst upgrades include a shift from a "sell" to a "hold" rating by Wall Street Zen, while JPMorgan Chase & Co. and UBS Group have also raised their price targets, indicating positive sentiment around the stock.
• NVR's stock has experienced a slight decline of 1.1%, trading at about $8,126, with a market cap of $23.32 billion and a recent earnings report showing a net margin of 14.68%.

Walleye Capital LLC reduced its stake in NVR, Inc. (NYSE:NVR - Free Report) by 23.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,057 shares of the construction company's stock after selling 330 shares during the period. Walleye Capital LLC's holdings in NVR were worth $7,657,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Jump Financial LLC boosted its stake in shares of NVR by 201.6% in the first quarter. Jump Financial LLC now owns 193 shares of the construction company's stock valued at $1,398,000 after buying an additional 129 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of NVR by 271.4% in the first quarter. Smartleaf Asset Management LLC now owns 26 shares of the construction company's stock valued at $187,000 after buying an additional 19 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of NVR by 9.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 70 shares of the construction company's stock valued at $507,000 after buying an additional 6 shares during the period. AlphaQuest LLC boosted its stake in shares of NVR by 26.5% in the first quarter. AlphaQuest LLC now owns 277 shares of the construction company's stock valued at $2,007,000 after buying an additional 58 shares during the period. Finally, Allstate Corp boosted its stake in shares of NVR by 5.7% in the first quarter. Allstate Corp now owns 92 shares of the construction company's stock valued at $666,000 after buying an additional 5 shares during the period. 83.67% of the stock is currently owned by institutional investors.

Insider Transactions at NVR

In other news, CAO Matthew B. Kelpy sold 600 shares of NVR stock in a transaction dated 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. This trade represents a 74.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan Williamson Ross sold 125 shares of NVR stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $7,850.28, for a total value of $981,285.00. Following the completion of the transaction, the director directly owned 386 shares of the company's stock, valued at approximately $3,030,208.08. This trade represents a 24.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 975 shares of company stock valued at $7,869,360. Corporate insiders own 7.00% of the company's stock.

NVR Price Performance

Shares of NVR traded up $61.09 during trading hours on Friday, reaching $8,135.89. The stock had a trading volume of 13,392 shares, compared to its average volume of 22,695. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $9,964.77. The stock has a market capitalization of $23.35 billion, a PE ratio of 17.17, a PEG ratio of 11.17 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. The company's 50-day moving average is $7,743.71 and its two-hundred day moving average is $7,381.22.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, beating analysts' consensus estimates of $104.89 by $3.65. The business had revenue of $2.55 billion during 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%.NVR's quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business posted $120.69 earnings per share. Research analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its board has authorized a stock buyback program on Tuesday, May 6th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NVR shares. JPMorgan Chase & Co. boosted 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. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, UBS Group upped their target price on NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $8,783.33.

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.