Bank Julius Baer & Co. Ltd Zurich Increases Stock Holdings in NVR, Inc. (NYSE:NVR)

Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 6.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 972 shares of the construction company's stock after acquiring an additional 63 shares during the period. Bank Julius Baer & Co. Ltd Zurich's holdings in NVR were worth $7,141,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Y Intercept Hong Kong Ltd boosted its position in NVR by 115.5% during the first quarter. Y Intercept Hong Kong Ltd now owns 390 shares of the construction company's stock worth $2,825,000 after purchasing an additional 209 shares during the period. Choreo LLC boosted its holdings in NVR by 36.4% in the first quarter. Choreo LLC now owns 60 shares of the construction company's stock valued at $435,000 after acquiring an additional 16 shares in the last quarter. HighPoint Advisor Group LLC boosted its holdings in NVR by 4.6% in the first quarter. HighPoint Advisor Group LLC now owns 113 shares of the construction company's stock valued at $804,000 after acquiring an additional 5 shares in the last quarter. Crestwood Advisors Group LLC bought a new stake in shares of NVR during the 1st quarter valued at $239,000. Finally, Lindbrook Capital LLC boosted its holdings in shares of NVR by 42.9% during the 1st quarter. Lindbrook Capital LLC now owns 30 shares of the construction company's stock valued at $217,000 after buying an additional 9 shares in the last quarter. Institutional investors own 83.67% of the company's stock.

NVR Stock Performance

NVR stock traded down $22.80 during mid-day trading on Friday, hitting $7,766.59. The company had a trading volume of 7,971 shares, compared to its average volume of 23,844. The company has a current ratio of 5.37, a quick ratio of 3.02 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $22.71 billion, a price-to-earnings ratio of 16.36, a P/E/G ratio of 8.87 and a beta of 0.99. The company's fifty day moving average is $7,334.98 and its 200-day moving average is $7,394.23. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) 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 EPS. The firm's quarterly revenue was down .5% on a year-over-year basis. Equities research analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its Board of Directors has authorized a stock repurchase program on Tuesday, May 6th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 3.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Wall Street Zen cut shares of NVR from a "hold" rating to a "sell" rating in a research note on Monday, June 30th. JPMorgan Chase & Co. raised their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a report on Thursday. Finally, UBS Group lifted their price objective on NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a report on Thursday. One equities 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $8,783.33.

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.