NVR, Inc. (NYSE:NVR) Shares Acquired by LPL Financial LLC

LPL Financial LLC raised its holdings in shares of NVR, Inc. (NYSE:NVR) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 483 shares of the construction company’s stock after acquiring an additional 4 shares during the period. LPL Financial LLC’s holdings in NVR were worth $3,495,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. JDM Financial Group LLC purchased a new position in shares of NVR during the 4th quarter valued at approximately $25,000. Olde Wealth Management LLC purchased a new position in shares of NVR during the 1st quarter valued at approximately $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of NVR during the 1st quarter valued at approximately $36,000. CX Institutional purchased a new position in shares of NVR during the 1st quarter valued at approximately $43,000. Finally, Franchise Capital Ltd purchased a new position in shares of NVR during the 1st quarter valued at approximately $51,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NVR

In related news, Director Susan Williamson Ross sold 125 shares of the business’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total value of $981,285.00. Following the completion of the sale, the director owned 386 shares of the company’s stock, valued at approximately $3,030,208.08. The trade was a 24.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Matthew B. Kelpy sold 600 shares of the business’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the completion of the sale, the chief accounting officer directly owned 208 shares of the company’s stock, valued at approximately $1,684,800. The trade was a 74.26% decrease in their position. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NVR. UBS Group lifted their target price on shares of NVR from $7,900.00 to $8,150.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, JPMorgan Chase & Co. lifted their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $8,783.33.

NVR Price Performance

Shares of NYSE NVR opened at $8,226.78 on Friday. The firm has a market cap of $23.61 billion, a PE ratio of 17.36, a PEG ratio of 11.73 and a beta of 0.94. The firm has a fifty day moving average of $7,577.10 and a 200 day moving average of $7,362.78. 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.

NVR (NYSE:NVR) last issued its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 EPS for the quarter, topping the consensus estimate of $104.89 by $3.65. The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. The firm’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $120.69 EPS. As a group, research analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

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

NVR 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.