Townsquare Capital LLC Acquires 30 Shares of NVR, Inc. (NYSE:NVR)

Townsquare Capital LLC lifted its position in NVR, Inc. (NYSE:NVR) by 81.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67 shares of the construction company’s stock after purchasing an additional 30 shares during the quarter. Townsquare Capital LLC’s holdings in NVR were worth $485,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in shares of NVR by 838,726.3% during the first quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company’s stock valued at $1,154,589,000 after acquiring an additional 159,358 shares during the period. Capital Research Global Investors increased its position in shares of NVR by 11.7% during the 4th quarter. Capital Research Global Investors now owns 107,606 shares of the construction company’s stock worth $880,099,000 after purchasing an additional 11,274 shares in the last quarter. Siemens Fonds Invest GmbH lifted its holdings in NVR by 116,808.2% during the 4th quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company’s stock valued at $468,528,000 after purchasing an additional 57,236 shares during the last quarter. Principal Financial Group Inc. boosted its position in NVR by 5.3% in the first quarter. Principal Financial Group Inc. now owns 56,352 shares of the construction company’s stock valued at $408,236,000 after buying an additional 2,814 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in NVR by 3.7% in the fourth quarter. Nuveen Asset Management LLC now owns 43,554 shares of the construction company’s stock valued at $356,224,000 after buying an additional 1,564 shares in the last quarter. 83.67% of the stock is owned by institutional investors.

NVR Price Performance

Shares of NVR stock opened at $8,226.78 on Friday. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $7,577.10 and its 200-day moving average is $7,358.48. The firm has a market capitalization of $23.61 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 11.78 and a beta of 0.94.

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, 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 return on equity of 37.35% and a net margin of 14.68%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $120.69 EPS. Sell-side analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its Board of Directors has initiated a share repurchase plan on Tuesday, May 6th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at NVR

In other NVR news, CAO Matthew B. Kelpy sold 600 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,684,800. This represents a 74.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 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 position. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

NVR has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. UBS Group raised their price target on NVR from $7,900.00 to $8,150.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, NVR 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.