MQS Management LLC Buys New Shares in NVR, Inc. (NYSE:NVR)

MQS Management LLC purchased a new stake in NVR, Inc. (NYSE:NVR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 103 shares of the construction company's stock, valued at approximately $746,000.

A number of other large investors have also recently modified their holdings of NVR. Spire Wealth Management raised its position in shares of NVR by 21.2% in the 1st quarter. Spire Wealth Management now owns 63 shares of the construction company's stock worth $456,000 after acquiring an additional 11 shares in the last quarter. OLD Mission Capital LLC bought a new position in shares of NVR in the 4th quarter worth $1,701,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of 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 acquiring an additional 36 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of NVR by 5.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 1,275 shares of the construction company's stock worth $9,237,000 after acquiring an additional 63 shares in the last quarter. Finally, GAMMA Investing LLC raised its position 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 acquiring an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Stock Down 0.9%

Shares of NVR stock traded down $68.01 during trading hours on Friday, reaching $7,621.71. 13,988 shares of the company's stock were exchanged, compared to its average volume of 22,223. The stock's 50 day moving average is $7,267.58 and its 200-day moving average is $7,423.93. The company has a market cap of $22.26 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 4.15 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. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $107.87 by ($13.04). The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. NVR had a return on equity of 38.32% and a net margin of 15.33%. Analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its board has initiated a stock 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 often an indication that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

NVR has been the subject of several recent research reports. UBS Group reduced their price target 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. 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 given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target 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.