Envestnet Asset Management Inc. Acquires 720 Shares of NVR, Inc. (NYSE:NVR)

Envestnet Asset Management Inc. raised its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 9.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,587 shares of the construction company's stock after buying an additional 720 shares during the quarter. Envestnet Asset Management Inc. owned about 0.29% of NVR worth $62,204,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Spire Wealth Management grew its holdings in shares of 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 purchasing an additional 11 shares in the last quarter. OLD Mission Capital LLC bought a new stake in NVR during the fourth quarter valued at approximately $1,701,000. Asset Management One Co. Ltd. lifted its position in NVR by 5.2% during 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 purchasing an additional 63 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in NVR by 12.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 331 shares of the construction company's stock worth $2,377,000 after buying an additional 36 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of NVR by 15.8% in the 1st quarter. GAMMA Investing LLC now owns 22 shares of the construction company's stock worth $159,000 after buying an additional 3 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of NVR from a "hold" rating to a "sell" rating in a report on Monday, June 30th. UBS Group dropped their price target 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 equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $9,023.33.

NVR Trading Down 0.9%

NVR stock opened at $7,621.71 on Friday. The company has a market capitalization of $22.26 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 4.19 and a beta of 0.99. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.02 and a current ratio of 5.37. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77. The company's 50 day moving average price is $7,267.58 and its two-hundred day moving average price is $7,429.69.

NVR (NYSE:NVR - Get Free Report) last released 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). The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.35 billion. NVR had a net margin of 15.33% and a return on equity of 38.32%. 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 has approved a stock buyback program 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 programs are typically an indication that the company's management believes its shares are undervalued.

NVR Company 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.

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