Crestwood Advisors Group LLC Invests $239,000 in NVR, Inc. (NYSE:NVR)

Crestwood Advisors Group LLC acquired a new position in shares of NVR, Inc. (NYSE:NVR - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 33 shares of the construction company's stock, valued at approximately $239,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Lindbrook Capital LLC lifted its stake in shares of NVR by 42.9% during the 1st quarter. Lindbrook Capital LLC now owns 30 shares of the construction company's stock worth $217,000 after purchasing an additional 9 shares during the period. Denali Advisors LLC lifted its stake in shares of NVR by 15.4% during the 1st quarter. Denali Advisors LLC now owns 75 shares of the construction company's stock worth $543,000 after purchasing an additional 10 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of NVR during the 1st quarter worth $36,000. Markel Group Inc. raised its position in shares of NVR by 0.6% in the 1st quarter. Markel Group Inc. now owns 11,884 shares of the construction company's stock worth $86,092,000 after buying an additional 70 shares during the period. Finally, Cullen Frost Bankers Inc. raised its position in shares of NVR by 55.0% in the 1st quarter. Cullen Frost Bankers Inc. now owns 31 shares of the construction company's stock worth $225,000 after buying an additional 11 shares during the period. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Stock Up 0.0%

NYSE:NVR traded up $2.49 during mid-day trading on Friday, reaching $7,791.88. The stock had a trading volume of 12,659 shares, compared to its average volume of 23,880. The company has a market capitalization of $22.78 billion, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 8.87 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. The stock's 50 day simple moving average is $7,334.98 and its two-hundred day simple moving average is $7,394.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.37 and a quick ratio of 3.02.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $108.54 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $2.46 billion. During the same period in the previous year, the firm posted $120.69 earnings per share. NVR's quarterly revenue was down .5% compared to the same quarter last year. Equities analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its Board of Directors has approved a share buyback plan on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NVR shares. UBS Group increased their target price on NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a research report on Thursday. Wall Street Zen lowered NVR from a "hold" rating to a "sell" rating in a research report on Monday, June 30th. Finally, JPMorgan Chase & Co. increased their target price on NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $8,783.33.

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.