Spire Wealth Management Has $456,000 Stake in NVR, Inc. (NYSE:NVR)

Spire Wealth Management lifted its holdings in shares of NVR, Inc. (NYSE:NVR) by 21.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63 shares of the construction company’s stock after purchasing an additional 11 shares during the quarter. Spire Wealth Management’s holdings in NVR were worth $456,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JDM Financial Group LLC bought a new position in shares of NVR in the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC lifted its holdings in shares of NVR by 150.0% during the fourth 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. CX Institutional bought a new stake in shares of NVR in the first quarter worth $43,000. Franchise Capital Ltd acquired a new stake in NVR in the first quarter valued at $51,000. Finally, 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 worth $57,000 after purchasing an additional 3 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NVR shares. UBS Group dropped 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 research report on Wednesday, April 23rd. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research report on Sunday, June 22nd. Four 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 presently has a consensus rating of “Hold” and a consensus target price of $9,023.33.

NVR Stock Performance

Shares of NVR opened at $7,395.07 on Friday. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77. The company has a market cap of $21.59 billion, a PE ratio of 15.22, a P/E/G ratio of 4.01 and a beta of 0.99. The stock has a 50-day moving average of $7,165.51 and a 200-day moving average of $7,476.03. 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 (NYSE:NVR) last announced its quarterly earnings data on Tuesday, April 22nd. The construction company reported $94.83 EPS for the quarter, missing analysts’ consensus estimates of $107.87 by ($13.04). NVR had a net margin of 15.33% and a return on equity of 38.32%. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. On average, equities research analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its Board of Directors has approved a share repurchase program on Tuesday, May 6th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 3.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

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.