Silvercrest Asset Management Group LLC Invests $6.40 Million in NVR, Inc. (NYSE:NVR)

Silvercrest Asset Management Group LLC acquired a new stake in NVR, Inc. (NYSE:NVR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 782 shares of the construction company's stock, valued at approximately $6,396,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Proficio Capital Partners LLC purchased a new stake in NVR in the 4th quarter valued at about $3,277,825,000. Vanguard Group Inc. grew its position in NVR by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 342,460 shares of the construction company's stock valued at $2,800,946,000 after acquiring an additional 1,147 shares in the last quarter. Capital Research Global Investors grew its position in NVR by 11.7% in the 4th quarter. Capital Research Global Investors now owns 107,606 shares of the construction company's stock valued at $880,099,000 after acquiring an additional 11,274 shares in the last quarter. Principal Financial Group Inc. grew its position in NVR by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company's stock valued at $437,882,000 after acquiring an additional 1,549 shares in the last quarter. Finally, Boston Partners grew its position in NVR by 3.2% in the 4th quarter. Boston Partners now owns 51,844 shares of the construction company's stock valued at $424,066,000 after acquiring an additional 1,605 shares in the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NVR has been the subject of several research reports. UBS Group dropped 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. Wall Street Zen raised NVR from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, JPMorgan Chase & Co. dropped 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 given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $9,023.33.

NVR Trading Up 0.1%

NYSE NVR traded up $8.49 during trading on Friday, hitting $7,079.69. The stock had a trading volume of 18,613 shares, compared to its average volume of 22,160. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,964.77. The company has a market capitalization of $20.70 billion, a PE ratio of 13.95, a PEG ratio of 2.39 and a beta of 1.02. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average price of $7,163.57 and a 200 day moving average price of $7,809.19.

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

NVR declared that its Board of Directors has approved a share buyback 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 typically an indication 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.