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

Los Angeles Capital Management LLC trimmed its stake in shares of NVR, Inc. (NYSE:NVRGet Rating) by 13.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,805 shares of the construction company’s stock after selling 572 shares during the period. Los Angeles Capital Management LLC owned about 0.11% of NVR worth $16,998,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. TFO TDC LLC acquired a new stake in shares of NVR during the 1st quarter worth approximately $27,000. Retirement Planning Co of New England Inc. acquired a new stake in shares of NVR during the 4th quarter worth approximately $35,000. Johnson Financial Group Inc. acquired a new stake in shares of NVR during the 4th quarter worth approximately $35,000. Confluence Wealth Services Inc. acquired a new stake in shares of NVR during the 4th quarter worth approximately $59,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of NVR during the 4th quarter worth approximately $65,000. 97.53% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NVR news, CFO Daniel David Malzahn sold 1,793 shares of NVR stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $4,435.03, for a total transaction of $7,952,008.79. Following the sale, the chief financial officer now owns 2,470 shares of the company’s stock, valued at approximately $10,954,524.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 10.60% of the stock is currently owned by corporate insiders.

NVR Price Performance

NVR stock opened at $4,359.73 on Friday. The company’s fifty day moving average price is $4,239.80 and its 200 day moving average price is $4,543.11. NVR, Inc. has a 1 year low of $3,576.01 and a 1 year high of $5,982.44. The stock has a market capitalization of $14.30 billion, a P/E ratio of 10.49 and a beta of 0.99. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.26 and a current ratio of 5.04.

NVR (NYSE:NVRGet Rating) last announced 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 business had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the firm earned $82.45 EPS. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, equities research analysts anticipate that NVR, Inc. will post 512.93 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has initiated a stock repurchase program on Wednesday, May 4th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 3.2% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NVR. UBS Group raised their price objective on shares of NVR from $4,100.00 to $4,300.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Company lifted their price target on shares of NVR to $4,580.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. Finally, JPMorgan Chase & Co. dropped their price target on shares of NVR from $4,900.00 to $4,330.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 12th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $4,577.50.

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.

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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