Montgomery Investment Management Inc. Has $11.15 Million Holdings in NVR, Inc. (NYSE:NVR)

Montgomery Investment Management Inc. decreased its position in NVR, Inc. (NYSE:NVR - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,539 shares of the construction company's stock after selling 71 shares during the quarter. NVR comprises 4.4% of Montgomery Investment Management Inc.'s investment portfolio, making the stock its 7th largest holding. Montgomery Investment Management Inc. owned 0.05% of NVR worth $11,149,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Quadrant Capital Group LLC raised its stake in shares of NVR by 11.1% in the fourth quarter. Quadrant Capital Group LLC now owns 20 shares of the construction company's stock valued at $164,000 after purchasing an additional 2 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its stake in shares of NVR by 1.1% in the first quarter. Fifth Third Wealth Advisors LLC now owns 177 shares of the construction company's stock valued at $1,282,000 after purchasing an additional 2 shares in the last quarter. Peak Financial Advisors LLC raised its stake in shares of NVR by 1.3% in the first quarter. Peak Financial Advisors LLC now owns 153 shares of the construction company's stock valued at $1,108,000 after purchasing an additional 2 shares in the last quarter. Salvus Wealth Management LLC raised its stake in shares of NVR by 0.6% in the first quarter. Salvus Wealth Management LLC now owns 338 shares of the construction company's stock valued at $2,449,000 after purchasing an additional 2 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of NVR by 6.9% in the first quarter. Fifth Third Bancorp now owns 31 shares of the construction company's stock valued at $225,000 after purchasing an additional 2 shares in the last quarter. Institutional investors own 83.67% of the company's stock.

NVR Stock Down 1.3%

Shares of NYSE NVR traded down $105.36 during mid-day trading on Thursday, reaching $7,794.48. 3,095 shares of the company's stock were exchanged, compared to its average volume of 23,832. The firm has a market capitalization of $22.76 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 8.88 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. The business has a fifty day simple moving average of $7,309.11 and a 200 day simple moving average of $7,391.97. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month 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, beating 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 return on equity of 38.32% and a net margin of 15.33%. NVR's revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the firm earned $120.69 EPS. As a group, equities analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its Board of Directors has approved a share repurchase plan on Tuesday, May 6th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have weighed in on NVR. UBS Group lowered their price target on 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. JPMorgan Chase & Co. increased their target price on NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, Wall Street Zen cut NVR from a "hold" rating to a "sell" rating in a report on Monday, June 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $8,700.00.

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.

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