Cresset Asset Management LLC Sells 113 Shares of NVR, Inc. (NYSE:NVR)

Cresset Asset Management LLC reduced its stake in NVR, Inc. (NYSE:NVR - Free Report) by 37.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 186 shares of the construction company's stock after selling 113 shares during the period. Cresset Asset Management LLC's holdings in NVR were worth $1,521,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NVR. EverSource Wealth Advisors LLC boosted its stake in 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. Wilmington Savings Fund Society FSB acquired a new position in NVR in the third quarter valued at approximately $49,000. Smartleaf Asset Management LLC boosted its stake in NVR by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock valued at $57,000 after acquiring an additional 3 shares during the period. Cullen Frost Bankers Inc. grew its holdings in NVR by 122.2% in the 4th quarter. Cullen Frost Bankers Inc. now owns 20 shares of the construction company's stock worth $164,000 after buying an additional 11 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in NVR by 11.1% in the 4th quarter. Quadrant Capital Group LLC now owns 20 shares of the construction company's stock worth $164,000 after buying an additional 2 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Stock Down 3.2%

NYSE:NVR traded down $235.03 during trading hours on Wednesday, hitting $7,167.61. 17,807 shares of the stock traded hands, compared to its average volume of 22,105. The firm has a 50 day moving average price of $7,181.77 and a 200 day moving average price of $7,922.51. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,964.77. The firm has a market cap of $20.96 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 2.39 and a beta of 1.02.

NVR (NYSE:NVR - Get Free Report) last announced its earnings results 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). NVR had a net margin of 16.34% and a return on equity of 39.67%. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. Equities research analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its board has approved a stock repurchase plan on Tuesday, May 6th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 3.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NVR. UBS Group cut their target price on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. cut their target price on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, NVR currently has an average rating of "Hold" and an average price target of $9,023.33.

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.