Berkeley Inc Increases Position in NVR, Inc. (NYSE:NVR)

Berkeley Inc grew its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 100.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,901 shares of the construction company's stock after buying an additional 951 shares during the period. NVR accounts for approximately 6.5% of Berkeley Inc's holdings, making the stock its 3rd biggest position. Berkeley Inc owned 0.06% of NVR worth $13,772,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. JDM Financial Group LLC purchased a new stake in shares of NVR during the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its position in shares of NVR by 150.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock valued at $41,000 after buying an additional 3 shares during the last quarter. Olde Wealth Management LLC bought a new stake in NVR in the 1st quarter worth about $36,000. CX Institutional purchased a new position in NVR in the 1st quarter worth about $43,000. Finally, Franchise Capital Ltd bought a new position in NVR during the 1st quarter valued at about $51,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NVR has been the subject of a number of research analyst reports. UBS Group reduced 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 research note on Wednesday, April 23rd. Wall Street Zen cut NVR from a "hold" rating to a "sell" rating in a research report on Monday, June 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, NVR currently has a consensus rating of "Hold" and a consensus price target of $9,023.33.

NVR Stock Performance

NYSE:NVR traded down $68.01 during mid-day trading on Friday, hitting $7,621.71. 13,988 shares of the company traded hands, compared to its average volume of 22,223. The company has a quick ratio of 3.02, a current ratio of 5.37 and a debt-to-equity ratio of 0.23. The stock's fifty day moving average price is $7,267.58 and its 200-day moving average price is $7,423.93. The firm has a market cap of $22.26 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 4.15 and a beta of 0.99. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share for the quarter, missing the consensus estimate of $107.87 by ($13.04). The firm had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.35 billion. NVR had a net margin of 15.33% and a return on equity of 38.32%. Research analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has initiated a stock repurchase plan 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 plans are often a sign that the company's management believes its shares are undervalued.

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.