NVR, Inc. $NVR Shares Bought by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP increased its stake in NVR, Inc. by 7.5%, now owning approximately 1.64% of the company valued at $347.7 million.
• NVR recently announced a $750 million share buyback program, indicating management's belief that its shares are undervalued.
• The company reported earnings per share of $108.54 for the last quarter, exceeding estimates, but showed a slight revenue decline of 0.5% year-over-year.

Wellington Management Group LLP increased its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 7.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,995 shares of the construction company's stock after acquiring an additional 3,363 shares during the quarter. Wellington Management Group LLP owned about 1.64% of NVR worth $347,694,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings in shares of NVR by 838,726.3% during the 1st quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock valued at $1,154,589,000 after purchasing an additional 159,358 shares during the last quarter. Boston Partners lifted its position in shares of NVR by 14.0% in the first quarter. Boston Partners now owns 59,077 shares of the construction company's stock worth $427,962,000 after buying an additional 7,233 shares in the last quarter. Siemens Fonds Invest GmbH lifted its position in shares of NVR by 116,808.2% in the fourth quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock worth $468,528,000 after buying an additional 57,236 shares in the last quarter. Principal Financial Group Inc. boosted its stake in NVR by 5.3% during the first quarter. Principal Financial Group Inc. now owns 56,352 shares of the construction company's stock valued at $408,236,000 after buying an additional 2,814 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in NVR by 41.6% during the 1st quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company's stock valued at $379,639,000 after buying an additional 15,405 shares in the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NVR

In related news, Director Susan Williamson Ross sold 125 shares of the company's stock in a transaction 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 completion of the sale, the director directly owned 386 shares in the company, valued at $3,030,208.08. This represents a 24.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Matthew B. Kelpy sold 600 shares of NVR stock in a transaction dated Wednesday, August 13th. The shares were 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 owned 208 shares in the company, valued at $1,684,800. This trade represents a 74.26% decrease in their position. The disclosure for this sale can be found here. Insiders own 7.00% of the company's stock.

NVR Stock Up 3.4%

Shares of NVR stock traded up $269.9250 during trading on Friday, hitting $8,223.8250. 17,357 shares of the stock traded hands, compared to its average volume of 15,754. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77. 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 firm has a market cap of $23.60 billion, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 11.42 and a beta of 0.94. The stock's fifty day simple moving average is $7,660.46 and its 200 day simple moving average is $7,366.53.

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

NVR announced that its board has approved a share buyback plan on Tuesday, May 6th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to reacquire up to 3.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms have issued reports on NVR. JPMorgan Chase & Co. upped their price objective on NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, UBS Group increased their price objective on shares of 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 analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average 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.