GSA Capital Partners LLP purchased a new stake in NVR, Inc. (NYSE:NVR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 106 shares of the construction company's stock, valued at approximately $768,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of NVR. Quadrant Capital Group LLC boosted its position in NVR by 11.1% in the 4th quarter. Quadrant Capital Group LLC now owns 20 shares of the construction company's stock valued at $164,000 after buying an additional 2 shares during the period. Fifth Third Wealth Advisors LLC grew its position in 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 purchasing an additional 2 shares during the last quarter. Peak Financial Advisors LLC lifted its holdings in shares of NVR by 1.3% during the first quarter. Peak Financial Advisors LLC now owns 153 shares of the construction company's stock worth $1,108,000 after purchasing an additional 2 shares during the period. Salvus Wealth Management LLC raised its holdings in NVR by 0.6% during the first quarter. Salvus Wealth Management LLC now owns 338 shares of the construction company's stock worth $2,449,000 after purchasing an additional 2 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in NVR by 6.9% in the first quarter. Fifth Third Bancorp now owns 31 shares of the construction company's stock worth $225,000 after acquiring an additional 2 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.
NVR Stock Up 1.3%
NVR stock traded up $98.60 during midday trading on Monday, reaching $7,859.28. The company had a trading volume of 14,271 shares, compared to its average volume of 18,936. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $22.95 billion, a P/E ratio of 16.59, a PEG ratio of 11.03 and a beta of 0.94. The company has a 50 day moving average of $7,402.55 and a two-hundred day moving average of $7,372.25. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77.
NVR (NYSE:NVR - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $104.89 by $3.65. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. NVR's revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $120.69 earnings per share. On average, equities research analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.
NVR declared that its Board of Directors has initiated a share repurchase plan on Tuesday, May 6th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on NVR. JPMorgan Chase & Co. increased their price objective on shares of NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. UBS Group boosted their price objective on shares of NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen lowered NVR from a "hold" rating to a "sell" rating in a research report on Monday, June 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $8,783.33.
View Our Latest Research Report on NVR
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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