Bessemer Group Inc. Has $1.42 Million Stock Holdings in NVR, Inc. (NYSE:NVR)

Bessemer Group Inc. lessened its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 72.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 196 shares of the construction company's stock after selling 517 shares during the period. Bessemer Group Inc.'s holdings in NVR were worth $1,420,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NVR. Sequoia Financial Advisors LLC increased its stake in shares of NVR by 4.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 47 shares of the construction company's stock worth $384,000 after purchasing an additional 2 shares during the period. Signaturefd LLC grew its position in NVR by 8.0% during the fourth quarter. Signaturefd LLC now owns 27 shares of the construction company's stock worth $221,000 after buying an additional 2 shares in the last quarter. Quadrant Capital Group LLC grew its position in NVR by 11.1% during the fourth quarter. Quadrant Capital Group LLC now owns 20 shares of the construction company's stock worth $164,000 after buying an additional 2 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its position in NVR by 1.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 177 shares of the construction company's stock worth $1,282,000 after buying an additional 2 shares in the last quarter. Finally, Peak Financial Advisors LLC grew its position in 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 in the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

NVR Stock Up 1.6%

NYSE NVR opened at $7,395.07 on Monday. 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 stock's 50 day moving average is $7,165.51 and its two-hundred day moving average is $7,466.79. The company has a market capitalization of $21.62 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 4.01 and a beta of 0.99. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last released 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). The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. NVR had a net margin of 15.33% and a return on equity of 38.32%. Equities analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. 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. Wall Street Zen downgraded NVR from a "hold" rating to a "sell" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $9,023.33.

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.

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