Baird Financial Group Inc. Increases Stock Position in NVR, Inc. $NVR

Baird Financial Group Inc. lifted its holdings in NVR, Inc. (NYSE:NVR) by 4.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 50 shares of the construction company’s stock after purchasing an additional 2 shares during the period. Baird Financial Group Inc.’s holdings in NVR were worth $362,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of NVR. Vident Advisory LLC raised its stake in shares of NVR by 1,528.0% during the 1st quarter. Vident Advisory LLC now owns 407 shares of the construction company’s stock worth $2,948,000 after acquiring an additional 382 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of NVR by 11.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 18,460 shares of the construction company’s stock worth $133,731,000 after acquiring an additional 1,910 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in NVR by 92.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,915 shares of the construction company’s stock valued at $50,095,000 after purchasing an additional 3,319 shares in the last quarter. Timucuan Asset Management Inc. FL increased its stake in NVR by 2.1% during the 1st quarter. Timucuan Asset Management Inc. FL now owns 11,316 shares of the construction company’s stock valued at $81,975,000 after purchasing an additional 236 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in NVR during the 1st quarter valued at approximately $15,836,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Activity

In related news, Director Susan Williamson Ross sold 125 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director directly owned 386 shares in the company, valued at approximately $3,030,208.08. This trade represents a 24.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 600 shares of the firm’s stock in a transaction dated 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 sale, the chief accounting officer owned 208 shares of the company’s stock, valued at approximately $1,684,800. The trade was a 74.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 975 shares of company stock worth $7,869,360 over the last three months. Insiders own 7.00% of the company’s stock.

NVR Stock Performance

Shares of NYSE NVR opened at $8,544.93 on Friday. The company’s fifty day moving average price is $7,926.45 and its 200 day moving average price is $7,454.34. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77. The company has a market capitalization of $24.52 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 11.59 and a beta of 0.95. 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 (NYSE:NVR) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $104.89 by $3.65. The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate 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 period last year, the firm posted $120.69 earnings per share. On average, research analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NVR. JPMorgan Chase & Co. upped their price target on shares of NVR from $7,200.00 to $7,600.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. UBS Group upped their price target on shares of NVR from $7,900.00 to $8,150.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus 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.