GAMMA Investing LLC Lowers Stock Holdings in NVR, Inc. $NVR

GAMMA Investing LLC trimmed its position in NVR, Inc. (NYSE:NVR) by 13.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19 shares of the construction company’s stock after selling 3 shares during the quarter. GAMMA Investing LLC’s holdings in NVR were worth $140,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Olde Wealth Management LLC purchased a new stake in shares of NVR in the first quarter worth about $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of NVR in the first quarter worth about $36,000. Ridgewood Investments LLC lifted its holdings in shares of NVR by 150.0% in the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company’s stock worth $36,000 after buying an additional 3 shares in the last quarter. SouthState Corp purchased a new stake in shares of NVR in the first quarter worth about $36,000. Finally, CX Institutional purchased a new stake in shares of NVR in the first quarter worth about $43,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Trading Down 0.7%

NVR stock opened at $8,042.11 on Wednesday. The company has a market capitalization of $23.08 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 11.26 and a beta of 0.95. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77. The company’s 50 day moving average price is $8,070.33 and its two-hundred day moving average price is $7,528.38. 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 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 firm 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 business’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. As a group, analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other NVR news, CAO Matthew B. Kelpy sold 600 shares of NVR stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Susan Williamson Ross sold 125 shares of NVR stock in a transaction that occurred 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 transaction, the director directly owned 386 shares in the company, valued at $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. Over the last ninety days, insiders have sold 975 shares of company stock valued at $7,869,360. 7.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NVR has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. raised their target price 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. Finally, UBS Group raised their target price 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. 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.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.