D.A. Davidson & CO. boosted its stake in NVR, Inc. (NYSE:NVR - Free Report) by 58.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 130 shares of the construction company's stock after acquiring an additional 48 shares during the quarter. D.A. Davidson & CO.'s holdings in NVR were worth $942,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its stake in NVR by 5.3% in the 1st quarter. Principal Financial Group Inc. now owns 56,352 shares of the construction company's stock valued at $408,236,000 after buying an additional 2,814 shares during the last quarter. Summit Trail Advisors LLC increased its stake in shares of NVR by 22.6% during the 1st quarter. Summit Trail Advisors LLC now owns 38 shares of the construction company's stock worth $275,000 after purchasing an additional 7 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of NVR by 2.4% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 379 shares of the construction company's stock worth $2,746,000 after purchasing an additional 9 shares during the last quarter. Vontobel Holding Ltd. increased its stake in shares of NVR by 106.6% during the 1st quarter. Vontobel Holding Ltd. now owns 219 shares of the construction company's stock worth $1,587,000 after purchasing an additional 113 shares during the last quarter. Finally, Townsend & Associates Inc increased its stake in shares of NVR by 9.3% during the 1st quarter. Townsend & Associates Inc now owns 468 shares of the construction company's stock worth $3,339,000 after purchasing an additional 40 shares during the last quarter. 83.67% of the stock is owned by institutional investors.
Analyst Ratings Changes
NVR has been the topic of several recent analyst reports. Wall Street Zen lowered shares of NVR from a "hold" rating to a "sell" rating in a research note on Monday, June 30th. 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $9,023.33.
Check Out Our Latest Report on NVR
NVR Price Performance
NYSE:NVR traded up $194.39 on Wednesday, hitting $7,712.76. The company had a trading volume of 17,106 shares, compared to its average volume of 22,252. The stock has a market capitalization of $22.55 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 4.12 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. The firm has a 50 day moving average of $7,232.99 and a two-hundred day moving average of $7,435.77. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77.
NVR (NYSE:NVR - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $2.35 billion. On average, research analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.
NVR announced that its board has authorized a stock repurchase 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 shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.
NVR Profile
(
Free Report)
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.
Featured Stories
Before you consider NVR, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NVR wasn't on the list.
While NVR currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
