Golden State Wealth Management LLC Purchases 7 Shares of NVR, Inc. (NYSE:NVR)

Golden State Wealth Management LLC raised its position in shares of NVR, Inc. (NYSE:NVR) by 350.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9 shares of the construction company’s stock after purchasing an additional 7 shares during the period. Golden State Wealth Management LLC’s holdings in NVR were worth $65,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sequoia Financial Advisors LLC grew its holdings in NVR by 4.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 47 shares of the construction company’s stock valued at $384,000 after purchasing an additional 2 shares during the period. Signaturefd LLC boosted its holdings in shares of NVR by 8.0% in the fourth quarter. Signaturefd LLC now owns 27 shares of the construction company’s stock worth $221,000 after acquiring an additional 2 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of NVR by 11.1% in the fourth 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. Fifth Third Wealth Advisors LLC boosted its holdings in shares of NVR by 1.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 177 shares of the construction company’s stock worth $1,282,000 after acquiring an additional 2 shares during the period. Finally, Peak Financial Advisors LLC boosted its holdings in shares of NVR by 1.3% in the first quarter. Peak Financial Advisors LLC now owns 153 shares of the construction company’s stock worth $1,108,000 after acquiring an additional 2 shares during the period. 83.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NVR has been the subject of a number of analyst reports. Wall Street Zen lowered NVR from a “hold” rating to a “sell” rating in a report on Monday. 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 report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9,023.33.

NVR Price Performance

NYSE:NVR opened at $7,398.00 on Tuesday. The firm has a market capitalization of $21.60 billion, a price-to-earnings ratio of 15.22, a P/E/G ratio of 4.01 and a beta of 0.99. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77. The stock has a fifty day moving average of $7,170.42 and a 200 day moving average of $7,458.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.02 and a current ratio of 5.37.

NVR (NYSE:NVR) last posted 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 for the quarter, compared to the consensus estimate of $2.35 billion. NVR had a net margin of 15.33% and a return on equity of 38.32%. On average, research analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.

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