Versor Investments LP Reduces Stake in NVR, Inc. $NVR

Versor Investments LP lowered its position in NVR, Inc. (NYSE:NVR) by 36.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 113 shares of the construction company’s stock after selling 65 shares during the period. Versor Investments LP’s holdings in NVR were worth $835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in NVR. AdvisorNet Financial Inc bought a new stake in NVR in the second quarter worth about $30,000. Olde Wealth Management LLC bought a new stake in NVR in the first quarter worth about $36,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in NVR in the first quarter worth about $36,000. Ridgewood Investments LLC lifted its stake in NVR by 150.0% in the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company’s stock worth $36,000 after purchasing an additional 3 shares during the last quarter. Finally, SouthState Corp bought a new stake in NVR in the first quarter worth about $36,000. Institutional investors own 83.67% of the company’s stock.

NVR Stock Performance

Shares of NYSE:NVR opened at $7,225.62 on Monday. The company has a market capitalization of $20.74 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 9.94 and a beta of 0.94. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,527.85. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $7,944.50 and a 200 day moving average of $7,613.49.

NVR (NYSE:NVR) last issued its quarterly earnings data on Wednesday, October 22nd. The construction company reported $112.33 EPS for the quarter, topping analysts’ consensus estimates of $107.88 by $4.45. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.54 billion. NVR had a net margin of 14.00% and a return on equity of 35.81%. NVR’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $130.50 earnings per share. On average, sell-side analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Alexandra A. Jung sold 200 shares of the business’s 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 value of $1,616,488.00. Following the completion of the transaction, the director owned 75 shares of the company’s stock, valued at $606,183. The trade was a 72.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Matthew B. Kelpy sold 600 shares of NVR stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the completion of the transaction, the chief accounting officer directly owned 208 shares in the company, valued at $1,684,800. This represents a 74.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 850 shares of company stock valued at $6,888,075 in the last three months. 7.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NVR. JPMorgan Chase & Co. raised their price objective on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Bank of America decreased their price objective on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research note on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a research note on Wednesday, October 8th. UBS Group lifted their price target on shares of NVR from $8,150.00 to $8,500.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Finally, Wall Street Zen downgraded shares of NVR from a “hold” rating to a “sell” rating in a research note on Saturday. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, NVR presently has a consensus rating of “Hold” and an average price target of $8,366.67.

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.