Quantbot Technologies LP Grows Position in NVR, Inc. (NYSE:NVR)

Quantbot Technologies LP grew its position in NVR, Inc. (NYSE:NVR) by 10.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 825 shares of the construction company’s stock after acquiring an additional 80 shares during the quarter. Quantbot Technologies LP’s holdings in NVR were worth $6,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. grew its position in NVR by 43.8% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 105 shares of the construction company’s stock worth $850,000 after acquiring an additional 32 shares in the last quarter. Empirical Finance LLC boosted its holdings in shares of NVR by 1.1% in the 1st quarter. Empirical Finance LLC now owns 181 shares of the construction company’s stock worth $1,466,000 after purchasing an additional 2 shares during the period. Duality Advisers LP increased its position in shares of NVR by 2.0% during the 1st quarter. Duality Advisers LP now owns 728 shares of the construction company’s stock valued at $5,897,000 after purchasing an additional 14 shares during the last quarter. Texas Permanent School Fund Corp raised its holdings in NVR by 0.6% during the 1st quarter. Texas Permanent School Fund Corp now owns 660 shares of the construction company’s stock valued at $5,346,000 after buying an additional 4 shares during the period. Finally, Team Hewins LLC lifted its position in NVR by 5.0% in the first quarter. Team Hewins LLC now owns 42 shares of the construction company’s stock worth $340,000 after buying an additional 2 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NVR

In other NVR news, Director David A. Preiser sold 500 shares of NVR stock in a transaction on Monday, April 29th. The stock was sold at an average price of $7,586.21, for a total transaction of $3,793,105.00. Following the completion of the sale, the director now directly owns 239 shares of the company’s stock, valued at approximately $1,813,104.19. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other NVR news, Director David A. Preiser sold 500 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $7,586.21, for a total transaction of $3,793,105.00. Following the transaction, the director now owns 239 shares of the company’s stock, valued at approximately $1,813,104.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Paul C. Saville sold 300 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $7,670.42, for a total transaction of $2,301,126.00. Following the completion of the sale, the chairman now directly owns 106,860 shares of the company’s stock, valued at approximately $819,661,081.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,600 shares of company stock valued at $12,233,609. 7.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group boosted their price objective on shares of NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. StockNews.com raised shares of NVR from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th.

NVR Trading Down 0.1 %

NVR stock traded down $7.62 during midday trading on Friday, reaching $8,062.27. The company’s stock had a trading volume of 23,942 shares, compared to its average volume of 19,334. NVR, Inc. has a 1 year low of $5,210.49 and a 1 year high of $8,243.13. The firm has a market capitalization of $25.23 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 3.17 and a beta of 1.17. The stock has a fifty day simple moving average of $7,577.59 and a two-hundred day simple moving average of $7,517.62. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.97 and a current ratio of 6.52.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, April 23rd. The construction company reported $116.41 EPS for the quarter, topping analysts’ consensus estimates of $103.97 by $12.44. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.25 billion. NVR had a net margin of 17.33% and a return on equity of 38.54%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $99.89 earnings per share. On average, equities research analysts predict that NVR, Inc. will post 493.93 EPS for the current year.

NVR announced that its board has approved a stock buyback plan on Tuesday, May 7th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

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.