CX Institutional Takes Position in NVR, Inc. (NYSE:NVR)

CX Institutional bought a new position in shares of NVR, Inc. (NYSE:NVR) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6 shares of the construction company’s stock, valued at approximately $43,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NVR. JDM Financial Group LLC bought a new stake in NVR during the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC increased its position in shares of NVR by 150.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock valued at $41,000 after acquiring an additional 3 shares during the period. Smartleaf Asset Management LLC raised its position in NVR by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock valued at $57,000 after purchasing an additional 3 shares during the last quarter. Franchise Capital Ltd bought a new position in shares of NVR during the first quarter valued at approximately $51,000. Finally, Versant Capital Management Inc raised its holdings in NVR by 80.0% in the 1st quarter. Versant Capital Management Inc now owns 9 shares of the construction company’s stock worth $65,000 after purchasing an additional 4 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

NVR Price Performance

NYSE NVR opened at $6,986.94 on Wednesday. The stock has a market capitalization of $20.40 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 3.93 and a beta of 0.99. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.37 and a quick ratio of 3.02. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,964.77. The business’s fifty day moving average price is $7,158.32 and its 200-day moving average price is $7,577.03.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, April 22nd. The construction company reported $94.83 EPS for the quarter, missing analysts’ consensus estimates of $107.87 by ($13.04). The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.35 billion. NVR had a net margin of 15.33% and a return on equity of 38.32%. On average, equities analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wall Street Zen cut NVR from a “hold” rating to a “sell” rating in a research note on Saturday. UBS Group cut their price target on shares of NVR from $8,900.00 to $7,900.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $9,023.33.

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.