D.A. Davidson & CO. Has $942,000 Holdings in NVR, Inc. (NYSE:NVR)

D.A. Davidson & CO. boosted its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 58.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 130 shares of the construction company's stock after purchasing an additional 48 shares during the period. D.A. Davidson & CO.'s holdings in NVR were worth $942,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Spire Wealth Management boosted its position in NVR by 21.2% in the first quarter. Spire Wealth Management now owns 63 shares of the construction company's stock valued at $456,000 after buying an additional 11 shares in the last quarter. OLD Mission Capital LLC acquired a new position in shares of NVR during the fourth quarter worth $1,701,000. Asset Management One Co. Ltd. lifted its stake in shares of NVR by 5.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 1,275 shares of the construction company's stock valued at $9,237,000 after acquiring an additional 63 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of NVR by 12.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 331 shares of the construction company's stock valued at $2,377,000 after acquiring an additional 36 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in NVR by 15.8% during the 1st quarter. GAMMA Investing LLC now owns 22 shares of the construction company's stock worth $159,000 after acquiring an additional 3 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

NVR Trading Up 0.6%

NYSE NVR traded up $46.10 on Thursday, hitting $7,747.03. The company's stock had a trading volume of 3,916 shares, compared to its average volume of 22,207. 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's 50-day moving average is $7,244.77 and its 200 day moving average is $7,437.68. The firm has a market cap of $22.62 billion, a PE ratio of 15.99, a PEG ratio of 4.09 and a beta of 0.99.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly 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 net margin of 15.33% and a return on equity of 38.32%. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. As a group, 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 initiated a stock buyback plan on Tuesday, May 6th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to purchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NVR shares. Wall Street Zen downgraded NVR from a "hold" rating to a "sell" rating in a research report on Monday, June 30th. UBS Group lowered their price objective on 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. One 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $9,023.33.

About NVR

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.