Allianz Asset Management GmbH Sells 4,644 Shares of NVR, Inc. (NYSE:NVR)

Allianz Asset Management GmbH lowered its stake in NVR, Inc. (NYSE:NVR - Free Report) by 38.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,320 shares of the construction company's stock after selling 4,644 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.25% of NVR worth $53,029,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Spire Wealth Management grew its stake in NVR by 21.2% during the 1st quarter. Spire Wealth Management now owns 63 shares of the construction company's stock valued at $456,000 after acquiring an additional 11 shares in the last quarter. OLD Mission Capital LLC acquired a new stake in shares of NVR during the 4th quarter valued at about $1,701,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of NVR by 12.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 331 shares of the construction company's stock valued at $2,377,000 after buying an additional 36 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of NVR by 5.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 1,275 shares of the construction company's stock valued at $9,237,000 after buying an additional 63 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of NVR by 15.8% during the 1st quarter. GAMMA Investing LLC now owns 22 shares of the construction company's stock valued at $159,000 after buying an additional 3 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Stock Performance

Shares of NVR traded down $19.47 during mid-day trading on Friday, hitting $7,769.92. The company's stock had a trading volume of 7,383 shares, compared to its average volume of 23,836. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.02 and a current ratio of 5.37. The firm has a market capitalization of $22.72 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 8.87 and a beta of 0.99. The stock's 50-day moving average is $7,334.98 and its two-hundred day moving average is $7,394.23.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, beating the consensus estimate of $104.89 by $3.65. NVR had a return on equity of 36.67% and a net margin of 14.68%. The company had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.46 billion. During the same period in the prior year, the business earned $120.69 earnings per share. NVR's revenue for the quarter was down .5% compared to the same quarter last year. As a group, sell-side analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its board has initiated a stock repurchase program on Tuesday, May 6th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 3.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

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. JPMorgan Chase & Co. upped their target price on NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Wall Street Zen cut NVR from a "hold" rating to a "sell" rating in a research report on Monday, June 30th. One equities research 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's stock. According to MarketBeat.com, NVR presently has an average rating of "Hold" and a consensus target price of $8,783.33.

NVR 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.