IMS Capital Management Boosts Stock Holdings in NVR, Inc. (NYSE:NVR)

IMS Capital Management raised its holdings in shares of NVR, Inc. (NYSE:NVR) by 4.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 258 shares of the construction company’s stock after buying an additional 10 shares during the period. IMS Capital Management’s holdings in NVR were worth $2,090,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Valued Wealth Advisors LLC raised its stake in shares of NVR by 100.0% during the first quarter. Valued Wealth Advisors LLC now owns 4 shares of the construction company’s stock valued at $32,000 after acquiring an additional 2 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of NVR during the fourth quarter valued at about $35,000. Criterion Capital Advisors LLC bought a new position in shares of NVR during the fourth quarter valued at about $42,000. Allworth Financial LP raised its stake in shares of NVR by 100.0% during the fourth quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock valued at $56,000 after acquiring an additional 4 shares during the last quarter. Finally, USA Financial Formulas bought a new position in shares of NVR during the fourth quarter valued at about $63,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NVR. UBS Group increased their price target on shares of NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. StockNews.com raised shares of NVR from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th.

Insider Activity

In related news, Director William Grady Rosier sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $7,665.63, for a total value of $4,599,378.00. Following the sale, the director now owns 1,701 shares in the company, valued at $13,039,236.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other NVR news, Director William Grady Rosier sold 600 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $7,665.63, for a total value of $4,599,378.00. Following the transaction, the director now directly owns 1,701 shares in the company, valued at $13,039,236.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alfred E. Festa sold 148 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $8,585.95, for a total transaction of $1,270,720.60. Following the completion of the transaction, the director now owns 173 shares in the company, valued at $1,485,369.35. The disclosure for this sale can be found here. Insiders have sold a total of 1,548 shares of company stock worth $12,288,213 over the last 90 days. 7.00% of the stock is currently owned by insiders.

NVR Stock Down 0.1 %

NVR traded down $8.25 during midday trading on Friday, reaching $8,546.26. The company’s stock had a trading volume of 20,502 shares, compared to its average volume of 20,555. The firm has a market capitalization of $26.75 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 2.25 and a beta of 1.17. The company has a current ratio of 5.84, a quick ratio of 3.32 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 1 year low of $5,210.49 and a 1 year high of $8,700.00. The stock’s 50-day moving average is $7,851.55 and its 200-day moving average is $7,679.25.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, July 23rd. The construction company reported $120.69 earnings per share for the quarter, missing analysts’ consensus estimates of $121.65 by ($0.96). The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations 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 expect that NVR, Inc. will post 499.77 EPS for the current year.

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

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.