Cambridge Investment Research Advisors Inc. Grows Stake in NVR, Inc. (NYSE:NVR)

Cambridge Investment Research Advisors Inc. increased its stake in NVR, Inc. (NYSE:NVR - Free Report) by 14.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 350 shares of the construction company's stock after purchasing an additional 44 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in NVR were worth $2,536,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of NVR by 838,726.3% during the 1st quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock valued at $1,154,589,000 after buying an additional 159,358 shares during the period. Siemens Fonds Invest GmbH lifted its holdings in NVR by 116,808.2% in the fourth quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock valued at $468,528,000 after acquiring an additional 57,236 shares during the period. Norges Bank bought a new position in NVR in the fourth quarter valued at about $295,643,000. JPMorgan Chase & Co. boosted its position in NVR by 165.8% in the fourth quarter. JPMorgan Chase & Co. now owns 36,999 shares of the construction company's stock worth $302,611,000 after purchasing an additional 23,079 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of NVR during the 4th quarter valued at about $118,087,000. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Stock Performance

NVR traded up $273.94 during midday trading on Tuesday, reaching $7,659.60. The company had a trading volume of 25,379 shares, compared to its average volume of 24,444. The business has a 50-day moving average of $7,170.42 and a two-hundred day moving average of $7,458.43. The company has a quick ratio of 3.02, a current ratio of 5.37 and a debt-to-equity ratio of 0.23. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77. The company has a market cap of $22.37 billion, a P/E ratio of 15.76, a P/E/G ratio of 4.01 and a beta of 0.99.

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

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. UBS Group lowered their price objective on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Wall Street Zen cut shares of NVR from a "hold" rating to a "sell" rating in a report on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $9,023.33.

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.