Cerity Partners LLC Acquires 78 Shares of NVR, Inc. (NYSE:NVR)

Cerity Partners LLC boosted its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 25.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 379 shares of the construction company's stock after purchasing an additional 78 shares during the quarter. Cerity Partners LLC's holdings in NVR were worth $2,746,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. JDM Financial Group LLC bought a new stake in shares of NVR in the fourth quarter worth $25,000. Olde Wealth Management LLC acquired a new position in shares of NVR in the first quarter valued at $36,000. EverSource Wealth Advisors LLC increased its holdings in shares of NVR by 150.0% in the fourth 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 acquired a new position in shares of NVR in the first quarter valued at $43,000. Finally, Franchise Capital Ltd acquired a new position in shares of NVR in the first quarter valued at $51,000. Institutional investors own 83.67% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on NVR. UBS Group decreased their price target on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Wall Street Zen lowered shares of NVR from a "hold" rating to a "sell" rating in a report on Monday, June 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $9,023.33.

NVR Stock Down 0.1%

NYSE:NVR traded down $10.47 during trading hours on Friday, hitting $7,427.78. 19,945 shares of the company traded hands, compared to its average volume of 22,206. 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's 50-day simple moving average is $7,299.58 and its 200-day simple moving average is $7,397.38. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77. The company has a market cap of $21.69 billion, a PE ratio of 15.29, a PEG ratio of 4.04 and a beta of 0.99.

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 for the quarter, missing analysts' consensus estimates of $107.87 by ($13.04). NVR had a return on equity of 38.32% and a net margin of 15.33%. The company had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.35 billion. Equities analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

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

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.