Cetera Investment Advisers Sells 84 Shares of NVR, Inc. (NYSE:NVR)

Cetera Investment Advisers lessened its holdings in NVR, Inc. (NYSE:NVR) by 25.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 251 shares of the construction company’s stock after selling 84 shares during the period. Cetera Investment Advisers’ holdings in NVR were worth $2,053,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in shares of NVR by 150.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock worth $41,000 after purchasing an additional 3 shares during the period. Smartleaf Asset Management LLC raised its stake in NVR by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock worth $57,000 after acquiring an additional 3 shares during the period. Wilmington Savings Fund Society FSB raised its stake in NVR by 60.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 8 shares of the construction company’s stock worth $65,000 after acquiring an additional 3 shares during the period. Cullen Frost Bankers Inc. raised its stake in NVR by 122.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 20 shares of the construction company’s stock worth $164,000 after acquiring an additional 11 shares during the period. Finally, Quadrant Capital Group LLC raised its stake in NVR by 11.1% during the 4th quarter. Quadrant Capital Group LLC now owns 20 shares of the construction company’s stock worth $164,000 after acquiring an additional 2 shares during the period. Institutional investors own 83.67% of the company’s stock.

NVR Trading Down 1.0%

Shares of NVR opened at $7,296.82 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77. The company has a 50 day simple moving average of $7,170.42 and a two-hundred day simple moving average of $7,860.67. The firm has a market cap of $21.34 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02.

NVR (NYSE:NVR) last announced its quarterly earnings data on Tuesday, April 22nd. The construction company reported $94.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $107.87 by ($13.04). NVR had a net margin of 16.34% and a return on equity of 39.67%. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.35 billion. On average, equities analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has initiated a share repurchase plan on Tuesday, May 6th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 3.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

NVR has been the topic of a number of recent analyst reports. UBS Group decreased their target price on shares of NVR from $8,900.00 to $7,900.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $9,023.33.

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.