Natixis Invests $7.91 Million in NVR, Inc. (NYSE:NVR)

Natixis bought a new position in shares of NVR, Inc. (NYSE:NVR) during the first quarter, according to its most recent filing with the SEC. The fund bought 977 shares of the construction company’s stock, valued at approximately $7,914,000.

A number of other hedge funds also recently made changes to their positions in NVR. Bessemer Group Inc. raised its stake in NVR by 356.5% in the 1st quarter. Bessemer Group Inc. now owns 388 shares of the construction company’s stock valued at $3,143,000 after acquiring an additional 303 shares during the period. PYA Waltman Capital LLC raised its stake in NVR by 1.4% in the 1st quarter. PYA Waltman Capital LLC now owns 430 shares of the construction company’s stock valued at $3,483,000 after acquiring an additional 6 shares during the period. UniSuper Management Pty Ltd raised its stake in NVR by 312.5% in the 1st quarter. UniSuper Management Pty Ltd now owns 165 shares of the construction company’s stock valued at $1,336,000 after acquiring an additional 125 shares during the period. Seven Eight Capital LP raised its stake in NVR by 26.4% in the 1st quarter. Seven Eight Capital LP now owns 187 shares of the construction company’s stock valued at $1,515,000 after acquiring an additional 39 shares during the period. Finally, Acadian Asset Management LLC raised its stake in NVR by 321.1% in the 1st quarter. Acadian Asset Management LLC now owns 14,371 shares of the construction company’s stock valued at $116,389,000 after acquiring an additional 10,958 shares during the period. 83.67% of the stock is currently owned by institutional investors.

NVR Price Performance

Shares of NVR stock traded up $55.49 on Thursday, reaching $8,459.98. The company’s stock had a trading volume of 21,305 shares, compared to its average volume of 19,510. The company has a market capitalization of $26.48 billion, a P/E ratio of 17.63, a PEG ratio of 2.59 and a beta of 1.17. NVR, Inc. has a 12-month low of $5,210.49 and a 12-month high of $8,695.00. The stock’s 50 day simple moving average is $7,724.94 and its 200-day simple moving average is $7,615.63. The company has a quick ratio of 3.97, a current ratio of 6.52 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, July 23rd. The construction company reported $120.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $121.65 by ($0.96). The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.48 billion. NVR had a net margin of 16.83% and a return on equity of 38.16%. As a group, equities analysts predict that NVR, Inc. will post 494.69 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has initiated a stock buyback program on Tuesday, May 7th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at NVR

In related news, Director William Grady Rosier sold 600 shares of NVR stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $7,665.63, for a total transaction of $4,599,378.00. Following the completion of the sale, the director now owns 1,701 shares of the company’s stock, valued at $13,039,236.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other NVR news, Director William Grady Rosier sold 600 shares of NVR stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $7,665.63, for a total transaction of $4,599,378.00. Following the completion of the sale, the director now owns 1,701 shares of the company’s stock, valued at $13,039,236.63. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David A. Preiser sold 500 shares of NVR stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $7,586.21, for a total value of $3,793,105.00. Following the sale, the director now directly owns 239 shares of the company’s stock, valued at approximately $1,813,104.19. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,600 shares of company stock valued at $12,233,609. Company insiders own 7.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NVR. StockNews.com upgraded NVR from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. UBS Group upped their price target 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.

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.