NVR, Inc. (NYSE:NVR) Stake Raised by Cetera Investment Advisers

Cetera Investment Advisers increased its holdings in NVR, Inc. (NYSE:NVR) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 256 shares of the construction company’s stock after acquiring an additional 5 shares during the period. Cetera Investment Advisers’ holdings in NVR were worth $1,855,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NVR. Brighton Jones LLC lifted its stake in NVR by 68.9% in the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock worth $622,000 after acquiring an additional 31 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of NVR by 12.9% during the 4th quarter. Advisory Services Network LLC now owns 96 shares of the construction company’s stock worth $785,000 after purchasing an additional 11 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of NVR during the 4th quarter valued at about $37,942,000. Treasurer of the State of North Carolina lifted its holdings in shares of NVR by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 1,266 shares of the construction company’s stock valued at $10,354,000 after buying an additional 12 shares during the last quarter. Finally, Family Office Research LLC acquired a new stake in shares of NVR during the 4th quarter valued at about $450,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Stock Up 0.3%

Shares of NVR stock opened at $7,851.42 on Friday. The stock has a 50-day simple moving average of $7,479.26 and a 200-day simple moving average of $7,368.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77. The firm has a market cap of $22.53 billion, a price-to-earnings ratio of 16.57, a P/E/G ratio of 11.13 and a beta of 0.94.

NVR (NYSE:NVR) last issued its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, beating analysts’ consensus estimates of $104.89 by $3.65. NVR had a return on equity of 37.35% and a net margin of 14.68%. The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period last year, the business earned $120.69 EPS. The firm’s revenue was down .5% compared to the same quarter last year. On average, equities research analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has authorized a share buyback plan on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at NVR

In related news, Director Susan Williamson Ross sold 125 shares of the firm’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $7,850.28, for a total value of $981,285.00. Following the transaction, the director directly owned 386 shares of the company’s stock, valued at approximately $3,030,208.08. This trade represents a 24.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.00% of the company’s stock.

Analyst Ratings Changes

NVR has been the subject of several research reports. UBS Group lifted their price target on NVR from $7,900.00 to $8,150.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. lifted their price target on NVR from $7,200.00 to $7,600.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a report on Saturday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, NVR currently has an average rating of “Hold” and an average target price of $8,783.33.

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.