NVR, Inc. (NYSE:NVR) Holdings Lowered by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 37.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 600 shares of the construction company's stock after selling 353 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in NVR were worth $4,907,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Proficio Capital Partners LLC purchased a new stake in shares of NVR during the fourth quarter valued at $3,277,825,000. Vanguard Group Inc. lifted its holdings in shares of NVR by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 342,460 shares of the construction company's stock valued at $2,800,946,000 after purchasing an additional 1,147 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of NVR by 11.7% during the fourth quarter. Capital Research Global Investors now owns 107,606 shares of the construction company's stock valued at $880,099,000 after purchasing an additional 11,274 shares during the last quarter. Principal Financial Group Inc. lifted its stake in NVR by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company's stock worth $437,882,000 after acquiring an additional 1,549 shares in the last quarter. Finally, Boston Partners lifted its stake in NVR by 3.2% in the 4th quarter. Boston Partners now owns 51,844 shares of the construction company's stock worth $424,066,000 after acquiring an additional 1,605 shares in the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Stock Up 1.4%

Shares of NVR stock opened at $7,351.47 on Monday. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77. The stock has a 50-day moving average price of $7,171.46 and a 200 day moving average price of $7,873.55. The company has a market cap of $21.50 billion, a P/E ratio of 14.48, a P/E/G ratio of 2.39 and a beta of 1.02.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share for the quarter, missing the consensus estimate of $107.87 by ($13.04). NVR had a return on equity of 39.67% and a net margin of 16.34%. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. As a group, analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. UBS Group reduced their price objective on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. reduced their price objective on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, NVR currently has an average rating of "Hold" and an average target price of $9,023.33.

NVR Company 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.

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