Plato Investment Management Ltd Purchases New Position in NVR, Inc. (NYSE:NVR)

Plato Investment Management Ltd acquired a new position in NVR, Inc. (NYSE:NVR) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 220 shares of the construction company’s stock, valued at approximately $1,782,000.

A number of other large investors have also added to or reduced their stakes in NVR. Comerica Bank raised its stake in NVR by 22.2% during the first quarter. Comerica Bank now owns 656 shares of the construction company’s stock valued at $5,314,000 after purchasing an additional 119 shares in the last quarter. Tidal Investments LLC raised its position in shares of NVR by 26.9% during the 1st quarter. Tidal Investments LLC now owns 85 shares of the construction company’s stock valued at $686,000 after buying an additional 18 shares in the last quarter. Jane Street Group LLC raised its position in shares of NVR by 1,285.4% during the 1st quarter. Jane Street Group LLC now owns 568 shares of the construction company’s stock valued at $4,601,000 after buying an additional 527 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of NVR by 98.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 17,469 shares of the construction company’s stock valued at $141,498,000 after acquiring an additional 8,684 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in NVR by 7.7% in the first quarter. Janus Henderson Group PLC now owns 406 shares of the construction company’s stock worth $3,283,000 after acquiring an additional 29 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

NVR Trading Down 0.6 %

NVR stock traded down $52.97 during trading on Thursday, hitting $8,554.51. The company had a trading volume of 23,276 shares, compared to its average volume of 19,506. NVR, Inc. has a 52-week low of $5,210.49 and a 52-week high of $8,700.00. The company has a 50 day simple moving average of $7,828.95 and a 200-day simple moving average of $7,666.36. The firm has a market capitalization of $26.78 billion, a P/E ratio of 17.83, a PEG ratio of 2.28 and a beta of 1.17. The company has a quick ratio of 3.32, a current ratio of 5.84 and a debt-to-equity ratio of 0.22.

NVR (NYSE:NVR) last issued its earnings results on Tuesday, July 23rd. The construction company reported $120.69 EPS for the quarter, missing analysts’ consensus estimates of $121.65 by ($0.96). The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.48 billion. NVR had a return on equity of 38.51% and a net margin of 16.83%. As a group, research analysts forecast that NVR, Inc. will post 499.77 earnings per share for the current fiscal year.

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

Insider Buying and Selling at NVR

In related news, CAO Matthew B. Kelpy sold 200 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $7,700.00, for a total value of $1,540,000.00. Following the completion of the sale, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at $1,771,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director William Grady Rosier sold 600 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $7,665.63, for a total value of $4,599,378.00. Following the completion of the transaction, the director now directly owns 1,701 shares of the company’s stock, valued at approximately $13,039,236.63. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Matthew B. Kelpy sold 200 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $7,700.00, for a total value of $1,540,000.00. Following the sale, the chief accounting officer now directly owns 230 shares in the company, valued at approximately $1,771,000. The disclosure for this sale can be found here. Insiders sold a total of 1,548 shares of company stock valued at $12,288,213 in the last ninety days. Corporate insiders own 7.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. UBS Group upped their price objective on 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 upgraded NVR from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th.

About NVR

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.