GAMMA Investing LLC Boosts Stock Position in NVR, Inc. (NYSE:NVR)

GAMMA Investing LLC increased its stake in shares of NVR, Inc. (NYSE:NVR) by 15.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22 shares of the construction company’s stock after buying an additional 3 shares during the quarter. GAMMA Investing LLC’s holdings in NVR were worth $159,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. OLD Mission Capital LLC acquired a new stake in shares of NVR in the 4th quarter worth $1,701,000. Markel Group Inc. boosted its position in shares of NVR by 0.9% during the 4th quarter. Markel Group Inc. now owns 11,814 shares of the construction company’s stock valued at $96,626,000 after acquiring an additional 110 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of NVR by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company’s stock valued at $171,266,000 after purchasing an additional 644 shares during the period. Vise Technologies Inc. grew its holdings in shares of NVR by 105.7% in the fourth quarter. Vise Technologies Inc. now owns 109 shares of the construction company’s stock valued at $892,000 after purchasing an additional 56 shares during the period. Finally, Wedge Capital Management L L P NC grew its holdings in shares of NVR by 25.0% in the first quarter. Wedge Capital Management L L P NC now owns 575 shares of the construction company’s stock valued at $4,166,000 after purchasing an additional 115 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. UBS Group reduced 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. Wall Street Zen lowered shares of NVR from a “hold” rating to a “sell” rating in a research report on Monday, June 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $9,023.33.

NVR Stock Down 1.9%

Shares of NYSE:NVR opened at $7,623.24 on Friday. The company has a market capitalization of $22.26 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 4.15 and a beta of 0.99. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The business has a 50-day moving average price of $7,214.05 and a 200 day moving average price of $7,449.92. The company has a current ratio of 5.37, a quick ratio of 3.02 and a debt-to-equity ratio of 0.23.

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

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

About NVR

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.