Asset Management One Co. Ltd. Grows Stock Holdings in NVR, Inc. (NYSE:NVR)

Asset Management One Co. Ltd. increased its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 5.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,275 shares of the construction company's stock after buying an additional 63 shares during the quarter. Asset Management One Co. Ltd.'s holdings in NVR were worth $9,237,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its position in shares of NVR by 4.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 47 shares of the construction company's stock worth $384,000 after buying an additional 2 shares during the period. Signaturefd LLC boosted its stake in NVR by 8.0% in the fourth quarter. Signaturefd LLC now owns 27 shares of the construction company's stock valued at $221,000 after acquiring an additional 2 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in NVR by 11.1% in the fourth quarter. Quadrant Capital Group LLC now owns 20 shares of the construction company's stock valued at $164,000 after acquiring an additional 2 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in NVR by 1.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 177 shares of the construction company's stock valued at $1,282,000 after acquiring an additional 2 shares in the last quarter. Finally, Peak Financial Advisors LLC boosted its stake in shares of NVR by 1.3% during the first quarter. Peak Financial Advisors LLC now owns 153 shares of the construction company's stock worth $1,108,000 after buying an additional 2 shares during the period. Hedge funds and other institutional investors own 83.67% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. UBS Group cut their price target on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, NVR currently has an average rating of "Hold" and a consensus price target of $9,023.33.

NVR Trading Up 1.6%

Shares of NVR opened at $7,395.07 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.37 and a quick ratio of 3.02. The firm has a 50 day simple moving average of $7,165.51 and a 200-day simple moving average of $7,485.49. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,964.77. The stock has a market cap of $21.59 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 3.96 and a beta of 0.99.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings data 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). NVR had a return on equity of 38.32% and a net margin of 15.33%. The business had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.35 billion. Equities analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its Board of Directors has initiated a share buyback program on Tuesday, May 6th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are 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.

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