NBC Securities Inc. Takes $159,000 Position in NVR, Inc. (NYSE:NVR)

NBC Securities Inc. acquired a new stake in NVR, Inc. (NYSE:NVR) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 22 shares of the construction company’s stock, valued at approximately $159,000.

Several other large investors have also modified their holdings of the company. Proficio Capital Partners LLC acquired a new stake in shares of NVR in the fourth quarter valued at approximately $3,277,825,000. Vanguard Group Inc. boosted its holdings in shares of NVR by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 342,460 shares of the construction company’s stock valued at $2,800,946,000 after acquiring an additional 1,147 shares during the period. GAMMA Investing LLC boosted its holdings in shares of NVR by 838,726.3% in the first quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company’s stock valued at $1,154,589,000 after acquiring an additional 159,358 shares during the period. Capital Research Global Investors boosted its holdings in shares of NVR by 11.7% in the fourth quarter. Capital Research Global Investors now owns 107,606 shares of the construction company’s stock valued at $880,099,000 after acquiring an additional 11,274 shares during the period. Finally, Siemens Fonds Invest GmbH raised its stake in shares of NVR by 116,808.2% during the fourth quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company’s stock worth $468,528,000 after purchasing an additional 57,236 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NVR has been the subject of several analyst reports. UBS Group cut their price target on NVR from $8,900.00 to $7,900.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 24th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $9,023.33.

NVR Price Performance

NVR stock opened at $7,126.25 on Tuesday. The business has a 50 day simple moving average of $7,129.60 and a 200-day simple moving average of $7,648.59. The stock has a market capitalization of $20.84 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 2.39 and a beta of 0.99. 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 12 month low of $6,562.85 and a 12 month high of $9,964.77.

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

NVR declared that its board has initiated a stock buyback program on Tuesday, May 6th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to buy up to 3.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is 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.