Quantbot Technologies LP Purchases 219 Shares of NVR, Inc. $NVR

Quantbot Technologies LP increased its position in NVR, Inc. (NYSE:NVR) by 7,300.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 222 shares of the construction company’s stock after purchasing an additional 219 shares during the period. Quantbot Technologies LP’s holdings in NVR were worth $1,784,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd increased its stake in shares of NVR by 160.7% in the third quarter. Aster Capital Management DIFC Ltd now owns 73 shares of the construction company’s stock worth $587,000 after purchasing an additional 45 shares in the last quarter. Close Asset Management Ltd bought a new position in NVR in the 3rd quarter worth approximately $148,939,000. DNB Asset Management AS grew its stake in NVR by 2.4% in the 3rd quarter. DNB Asset Management AS now owns 552 shares of the construction company’s stock valued at $4,435,000 after buying an additional 13 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in NVR by 0.5% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,635 shares of the construction company’s stock valued at $45,275,000 after acquiring an additional 28 shares during the period. Finally, AlphaCore Capital LLC raised its holdings in NVR by 72.7% during the 3rd quarter. AlphaCore Capital LLC now owns 38 shares of the construction company’s stock valued at $305,000 after acquiring an additional 16 shares during the period. 83.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NVR shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research report on Thursday, January 22nd. Zelman & Associates upgraded NVR from a “sell” rating to a “hold” rating and set a $7,675.00 target price for the company in a research note on Thursday, January 29th. Truist Financial began coverage on NVR in a report on Wednesday. They set a “hold” rating and a $7,700.00 target price for the company. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, UBS Group set a $8,100.00 price target on shares of NVR in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $8,182.83.

Insider Buying and Selling at NVR

In other news, Director Susan Williamson Ross sold 220 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $8,000.00, for a total value of $1,760,000.00. Following the completion of the transaction, the director directly owned 386 shares in the company, valued at approximately $3,088,000. This represents a 36.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matthew B. Kelpy sold 500 shares of the stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the transaction, the chief accounting officer owned 208 shares in the company, valued at $1,684,800. This trade represents a 70.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,120 shares of company stock valued at $9,012,736 over the last quarter. 7.00% of the stock is owned by company insiders.

NVR Stock Down 1.5%

Shares of NYSE NVR opened at $7,253.79 on Thursday. The company has a current ratio of 6.21, a quick ratio of 3.71 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average of $7,567.10 and a 200-day moving average of $7,668.56. The firm has a market capitalization of $20.24 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 2.53 and a beta of 1.04. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $8,618.28.

NVR (NYSE:NVR) last announced its earnings results on Wednesday, January 28th. The construction company reported $121.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $105.42 by $16.12. NVR had a net margin of 13.27% and a return on equity of 34.28%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period in the previous year, the business posted $139.93 earnings per share. NVR’s revenue for the quarter was down 5.2% on a year-over-year basis. Sell-side analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 3.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

About NVR

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.