Asset Management One Co. Ltd. Increases Stake 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 its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,275 shares of the construction company's stock after purchasing an additional 63 shares during the period. 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 and hedge funds have also recently modified their holdings of the company. Sequoia Financial Advisors LLC grew its holdings in NVR by 4.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 47 shares of the construction company's stock valued at $384,000 after buying an additional 2 shares in the last quarter. Signaturefd LLC boosted its position in shares of NVR by 8.0% during the fourth quarter. Signaturefd LLC now owns 27 shares of the construction company's stock worth $221,000 after acquiring an additional 2 shares during the last quarter. Quadrant Capital Group LLC grew its stake in NVR by 11.1% during 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 grew its stake in NVR by 1.1% during 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 increased its holdings in NVR by 1.3% in the 1st quarter. Peak Financial Advisors LLC now owns 153 shares of the construction company's stock valued at $1,108,000 after acquiring an additional 2 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wall Street Zen downgraded shares of NVR from a "hold" rating to a "sell" rating in a report on Monday. UBS Group decreased their target price on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $9,023.33.

NVR Price Performance

NVR stock traded up $273.94 during trading on Tuesday, hitting $7,659.60. 25,379 shares of the company's stock traded hands, compared to its average volume of 22,171. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77. The stock has a market capitalization of $22.37 billion, a price-to-earnings ratio of 15.76, a P/E/G ratio of 4.02 and a beta of 0.99. The business has a fifty day simple moving average of $7,180.36 and a 200 day simple moving average of $7,459.83. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.02 and a current ratio of 5.37.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The construction company reported $94.83 EPS for the quarter, missing analysts' consensus estimates of $107.87 by ($13.04). The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.35 billion. NVR had a net margin of 15.33% and a return on equity of 38.32%. As a group, research analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its Board of Directors has approved a share buyback program on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to reacquire up to 3.6% of its stock through open market purchases. Stock repurchase programs are generally 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.