Mirae Asset Global Investments Co. Ltd. Acquires 36 Shares of NVR, Inc. (NYSE:NVR)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 12.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 331 shares of the construction company's stock after buying an additional 36 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in NVR were worth $2,377,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NVR. JDM Financial Group LLC purchased a new stake in NVR during the 4th quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its position 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 last quarter. CX Institutional purchased a new stake in NVR during the 1st quarter valued at about $43,000. Franchise Capital Ltd purchased a new stake in NVR during the 1st quarter valued at about $51,000. Finally, Smartleaf Asset Management LLC grew its position in NVR by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock valued at $57,000 after purchasing an additional 3 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Stock Performance

NVR traded down $145.27 during midday trading on Friday, hitting $7,623.24. 17,832 shares of the company traded hands, compared to its average volume of 22,244. The company has a quick ratio of 3.02, a current ratio of 5.37 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $22.29 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 4.15 and a beta of 0.99. The company's 50-day moving average is $7,214.05 and its 200 day moving average is $7,444.59. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $107.87 by ($13.04). The company 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%. On average, research analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its board has initiated a stock buyback plan on Tuesday, May 6th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages recently commented on NVR. Wall Street Zen downgraded shares of NVR from a "hold" rating to a "sell" rating in a research report on Monday, June 30th. UBS Group cut their price objective 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. 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 company. Based on data from MarketBeat, NVR currently has an average rating of "Hold" and an average target price of $9,023.33.

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.