D.A. Davidson & CO. Buys 48 Shares of NVR, Inc. (NYSE:NVR)

D.A. Davidson & CO. increased its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 58.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 130 shares of the construction company's stock after acquiring an additional 48 shares during the period. D.A. Davidson & CO.'s holdings in NVR were worth $942,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Spire Wealth Management raised its holdings in NVR by 21.2% during the first quarter. Spire Wealth Management now owns 63 shares of the construction company's stock worth $456,000 after acquiring an additional 11 shares in the last quarter. OLD Mission Capital LLC bought a new stake in NVR in the fourth quarter valued at approximately $1,701,000. Asset Management One Co. Ltd. raised its stake in NVR by 5.2% in the first quarter. Asset Management One Co. Ltd. now owns 1,275 shares of the construction company's stock valued at $9,237,000 after buying an additional 63 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in NVR by 12.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 331 shares of the construction company's stock valued at $2,377,000 after buying an additional 36 shares during the period. Finally, GAMMA Investing LLC raised its stake in NVR by 15.8% in the first quarter. GAMMA Investing LLC now owns 22 shares of the construction company's stock valued at $159,000 after buying an additional 3 shares during the period. Institutional investors own 83.67% of the company's stock.

NVR Stock Performance

Shares of NVR stock traded up $0.46 on Thursday, hitting $7,701.39. The stock had a trading volume of 16,104 shares, compared to its average volume of 22,276. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,964.77. The business's 50 day moving average is $7,257.70 and its two-hundred day moving average is $7,434.09. The company has a quick ratio of 3.02, a current ratio of 5.37 and a debt-to-equity ratio of 0.23. The stock has a market cap of $22.49 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 4.19 and a beta of 0.99.

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 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 firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. Analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its board has approved a share buyback program on Tuesday, May 6th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NVR. UBS Group dropped their price objective on 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 lowered NVR from a "hold" rating to a "sell" rating in a research note on Monday, June 30th. One equities 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. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average 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.