Davidson Kahn Capital Management LLC Raises Stock Position in NVR, Inc. (NYSE:NVR)

Davidson Kahn Capital Management LLC increased its position in NVR, Inc. (NYSE:NVR - Free Report) by 55.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 285 shares of the construction company's stock after acquiring an additional 102 shares during the quarter. NVR comprises approximately 1.6% of Davidson Kahn Capital Management LLC's holdings, making the stock its 24th biggest position. Davidson Kahn Capital Management LLC's holdings in NVR were worth $2,065,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JDM Financial Group LLC purchased a new position in shares of NVR in the fourth quarter valued at about $25,000. EverSource Wealth Advisors LLC raised its stake in NVR by 150.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock valued at $41,000 after purchasing an additional 3 shares during the period. CX Institutional purchased a new position in NVR in the 1st quarter worth approximately $43,000. Franchise Capital Ltd purchased a new position in NVR in the 1st quarter worth approximately $51,000. Finally, Smartleaf Asset Management LLC boosted its stake in NVR by 75.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock worth $57,000 after purchasing an additional 3 shares during the period. Institutional investors own 83.67% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NVR shares. Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a research report on Sunday. UBS Group cut their target price on shares of 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. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $9,023.33.

NVR Price Performance

Shares of NYSE:NVR traded down $51.55 during mid-day trading on Wednesday, reaching $7,226.04. The stock had a trading volume of 2,320 shares, compared to its average volume of 22,005. The business's 50 day moving average price is $7,156.89 and its 200 day moving average price is $7,510.39. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77. The company has a market cap of $21.10 billion, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 3.99 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.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The construction company reported $94.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $107.87 by ($13.04). The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.35 billion. NVR had a return on equity of 38.32% and a net margin of 15.33%. Research analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its board has authorized a share repurchase program on Tuesday, May 6th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

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.