Davidson Kahn Capital Management LLC grew its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 55.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 285 shares of the construction company's stock after purchasing an additional 102 shares during the period. NVR comprises 1.6% of Davidson Kahn Capital Management LLC's holdings, making the stock its 24th largest holding. Davidson Kahn Capital Management LLC's holdings in NVR were worth $2,065,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in NVR. Sequoia Financial Advisors LLC boosted its position in shares of NVR by 4.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 47 shares of the construction company's stock worth $384,000 after acquiring an additional 2 shares in the last quarter. Signaturefd LLC boosted its position in shares of NVR by 8.0% during the 4th quarter. Signaturefd LLC now owns 27 shares of the construction company's stock worth $221,000 after acquiring an additional 2 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of NVR by 11.1% during the 4th quarter. Quadrant Capital Group LLC now owns 20 shares of the construction company's stock worth $164,000 after acquiring an additional 2 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of NVR by 1.1% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 177 shares of the construction company's stock worth $1,282,000 after acquiring an additional 2 shares in the last quarter. Finally, Peak Financial Advisors LLC boosted its position in shares of NVR by 1.3% during the 1st quarter. Peak Financial Advisors LLC now owns 153 shares of the construction company's stock worth $1,108,000 after acquiring an additional 2 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.
Analyst Ratings Changes
NVR has been the topic of several analyst reports. UBS Group reduced their price target on shares of 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. Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a research report on Sunday, June 22nd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, NVR currently has an average rating of "Hold" and an average price target of $9,023.33.
Read Our Latest Stock Analysis on NVR
NVR Price Performance
NVR stock traded up $114.63 during mid-day trading on Friday, reaching $7,395.07. The company had a trading volume of 27,518 shares, compared to its average volume of 22,169. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,964.77. 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 company has a market cap of $21.59 billion, a P/E ratio of 15.22, a P/E/G ratio of 3.96 and a beta of 0.99. The business has a fifty day simple moving average of $7,165.51 and a 200 day simple moving average of $7,485.49.
NVR (NYSE:NVR - Get Free Report) last issued 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 net margin of 15.33% and a return on equity of 38.32%. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. On average, equities research analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.
NVR announced that its Board of Directors has authorized a share repurchase plan on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 3.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors 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.
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