NVR, Inc. (NYSE:NVR) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its stake in NVR, Inc. (NYSE:NVR) by 71.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,681 shares of the construction company’s stock after purchasing an additional 700 shares during the quarter. Los Angeles Capital Management LLC owned about 0.05% of NVR worth $13,616,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in NVR during the fourth quarter worth $35,000. Criterion Capital Advisors LLC acquired a new stake in NVR during the fourth quarter worth $42,000. Allworth Financial LP increased its stake in NVR by 100.0% during the fourth quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock worth $56,000 after acquiring an additional 4 shares during the last quarter. USA Financial Formulas acquired a new stake in NVR during the fourth quarter worth $63,000. Finally, GAMMA Investing LLC acquired a new stake in NVR during the fourth quarter worth $78,000. Institutional investors and hedge funds own 83.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. UBS Group raised their price target on NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. StockNews.com upgraded NVR from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th.

NVR Trading Down 1.9 %

NVR opened at $7,539.76 on Thursday. NVR, Inc. has a 52 week low of $5,210.49 and a 52 week high of $8,211.40. The business has a fifty day simple moving average of $7,611.20 and a 200-day simple moving average of $7,422.33. The firm has a market cap of $23.60 billion, a P/E ratio of 15.72, a P/E/G ratio of 3.13 and a beta of 1.16. The company has a quick ratio of 3.97, a current ratio of 6.52 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR) last released its earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $103.97 by $12.44. The firm had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.25 billion. NVR had a return on equity of 38.54% and a net margin of 17.33%. NVR’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business posted $99.89 earnings per share. On average, equities analysts expect that NVR, Inc. will post 493.93 earnings per share for the current year.

NVR announced that its Board of Directors has initiated a share buyback program on Tuesday, May 7th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at NVR

In related news, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $7,700.00, for a total value of $1,540,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at $1,771,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $7,700.00, for a total value of $1,540,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at $1,771,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Paul C. Saville sold 300 shares of NVR stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $7,670.42, for a total value of $2,301,126.00. Following the sale, the chairman now directly owns 106,860 shares of the company’s stock, valued at $819,661,081.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,600 shares of company stock worth $12,233,609. Company insiders own 7.00% of the company’s stock.

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.