Canton Hathaway LLC Takes $906,000 Position in NVR, Inc. (NYSE:NVR)

Canton Hathaway LLC bought a new position in NVR, Inc. (NYSE:NVR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 125 shares of the construction company's stock, valued at approximately $906,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new position in NVR in the 4th quarter worth $3,277,825,000. Vanguard Group Inc. raised its stake in NVR by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 342,460 shares of the construction company's stock worth $2,800,946,000 after acquiring an additional 1,147 shares during the last quarter. GAMMA Investing LLC grew its position in NVR by 838,726.3% during the 1st quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock worth $1,154,589,000 after purchasing an additional 159,358 shares during the period. Capital Research Global Investors grew its position in NVR by 11.7% during the 4th quarter. Capital Research Global Investors now owns 107,606 shares of the construction company's stock worth $880,099,000 after purchasing an additional 11,274 shares during the period. Finally, Siemens Fonds Invest GmbH grew its position in NVR by 116,808.2% during the 4th quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock worth $468,528,000 after purchasing an additional 57,236 shares during the period. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Stock Performance

NVR traded up $172.57 during midday trading on Friday, hitting $7,152.24. 50,383 shares of the company were exchanged, compared to its average volume of 22,006. The company's 50 day simple moving average is $7,153.94 and its 200 day simple moving average is $7,523.20. The firm has a market capitalization of $20.88 billion, a price-to-earnings ratio of 14.72, a price-to-earnings-growth ratio of 3.90 and a beta of 0.99. The company has a current ratio of 5.37, a quick ratio of 3.02 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.

NVR (NYSE:NVR - Get Free Report) last posted its 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). NVR had a net margin of 15.33% and a return on equity of 38.32%. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. As a group, sell-side analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its board has approved a share buyback 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 purchase up to 3.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on NVR shares. Wall Street Zen raised NVR from a "sell" rating to a "hold" rating in a research report on Sunday. UBS Group cut their price target 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. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price 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.