USS Investment Management Ltd Raises Holdings in NVR, Inc. $NVR

USS Investment Management Ltd boosted its stake in shares of NVR, Inc. (NYSE:NVR) by 15.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 639 shares of the construction company’s stock after acquiring an additional 84 shares during the period. USS Investment Management Ltd’s holdings in NVR were worth $4,639,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. JDM Financial Group LLC purchased a new position in NVR in the fourth quarter valued at $25,000. Olde Wealth Management LLC purchased a new position in NVR in the first quarter valued at $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in NVR in the first quarter valued at $36,000. Ridgewood Investments LLC increased its holdings in NVR by 150.0% in the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company’s stock valued at $36,000 after buying an additional 3 shares during the last quarter. Finally, SouthState Corp purchased a new position in NVR in the first quarter valued at $36,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Price Performance

Shares of NVR opened at $8,497.04 on Monday. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,964.77. The company has a market capitalization of $24.39 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 11.82 and a beta of 0.95. The firm has a 50-day simple moving average of $7,861.59 and a 200-day simple moving average of $7,421.94. 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 announced its earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, topping the consensus estimate of $104.89 by $3.65. The business had revenue of $2.55 billion during 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 quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $120.69 earnings per share. On average, equities research analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on NVR. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. JPMorgan Chase & Co. raised their price objective on NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Finally, UBS Group raised their price objective on NVR from $7,900.00 to $8,150.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $8,783.33.

Insider Activity

In other news, Director Alexandra A. Jung sold 200 shares of NVR stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total transaction of $1,616,488.00. Following the completion of the sale, the director directly owned 75 shares in the company, valued at approximately $606,183. This trade represents a 72.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $981,285.00. Following the transaction, the director owned 386 shares of the company’s stock, valued at $3,030,208.08. This represents a 24.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 975 shares of company stock worth $7,869,360. Company insiders own 7.80% of the company’s stock.

NVR 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.