IFM Investors Pty Ltd Raises Position in NVR, Inc. (NYSE:NVR)

IFM Investors Pty Ltd grew its holdings in shares of NVR, Inc. (NYSE:NVRGet Rating) by 13.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 535 shares of the construction company’s stock after purchasing an additional 63 shares during the period. IFM Investors Pty Ltd’s holdings in NVR were worth $2,390,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NVR. TFO TDC LLC acquired a new position in shares of NVR in the 1st quarter valued at $27,000. Retirement Planning Co of New England Inc. acquired a new position in shares of NVR in the 4th quarter valued at $35,000. Johnson Financial Group Inc. acquired a new position in shares of NVR in the 4th quarter valued at $35,000. Confluence Wealth Services Inc. acquired a new position in shares of NVR in the 4th quarter valued at $59,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of NVR in the 4th quarter valued at $65,000. Hedge funds and other institutional investors own 97.53% of the company’s stock.

Wall Street Analyst Weigh In

NVR has been the topic of several research reports. UBS Group upped their target price on NVR from $4,100.00 to $4,300.00 and gave the company a “neutral” rating in a research report on Wednesday, July 27th. JPMorgan Chase & Co. cut their price target on NVR from $4,900.00 to $4,330.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 12th. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Wells Fargo & Company increased their price target on NVR to $4,580.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $4,577.50.

Insider Transactions at NVR

In other news, CFO Daniel David Malzahn sold 1,155 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $4,436.88, for a total transaction of $5,124,596.40. Following the sale, the chief financial officer now directly owns 3,315 shares of the company’s stock, valued at approximately $14,708,257.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 10.60% of the company’s stock.

NVR Trading Down 0.5 %

NVR stock opened at $4,359.73 on Friday. The company’s 50-day simple moving average is $4,239.80 and its 200-day simple moving average is $4,543.11. The company has a quick ratio of 2.26, a current ratio of 5.04 and a debt-to-equity ratio of 0.31. NVR, Inc. has a 52-week low of $3,576.01 and a 52-week high of $5,982.44. The firm has a market cap of $14.34 billion, a P/E ratio of 10.49 and a beta of 0.99.

NVR (NYSE:NVRGet Rating) last posted its earnings results on Tuesday, July 26th. The construction company reported $123.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $126.82 by ($3.17). NVR had a return on equity of 52.01% and a net margin of 16.18%. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the previous year, the company earned $82.45 earnings per share. The company’s revenue was up 17.3% compared to the same quarter last year. As a group, equities analysts forecast that NVR, Inc. will post 512.93 EPS for the current fiscal year.

NVR declared that its Board of Directors has authorized a share buyback plan on Wednesday, May 4th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 3.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

About NVR

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NVR, Inc operates as a homebuilder in the United States. The company operates in two segments, Homebuilding and Mortgage Banking. 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.

Further Reading

Institutional Ownership by Quarter for NVR (NYSE:NVR)

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