First Hawaiian Bank Has $290,000 Stock Position in NVR, Inc. (NYSE:NVR)

First Hawaiian Bank lowered its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 62.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40 shares of the construction company's stock after selling 67 shares during the period. First Hawaiian Bank's holdings in NVR were worth $290,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NVR. Franchise Capital Ltd acquired a new position in NVR in the first quarter worth $51,000. Wealth Enhancement Advisory Services LLC lifted its stake in NVR by 26.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 382 shares of the construction company's stock valued at $3,120,000 after buying an additional 80 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ bought a new stake in NVR in the fourth quarter valued at $8,073,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in NVR in the fourth quarter valued at $20,071,000. Finally, Jefferies Financial Group Inc. acquired a new stake in NVR in the fourth quarter worth about $5,652,000. Hedge funds and other institutional investors own 83.67% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NVR. Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. UBS Group decreased their target price on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, NVR presently has a consensus rating of "Hold" and a consensus price target of $9,023.33.

NVR Price Performance

NVR stock traded up $159.21 during mid-day trading on Wednesday, hitting $7,228.15. 8,118 shares of the company were exchanged, compared to its average volume of 22,050. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The business has a fifty day moving average of $7,135.36 and a 200 day moving average of $7,707.78. 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 capitalization of $21.14 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02.

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 net margin of 16.34% and a return on equity of 39.67%. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. As a group, sell-side analysts expect 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 buyback plan on Tuesday, May 6th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to purchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

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.