NVR, Inc. (NYSE:NVR) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC increased its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 25.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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.

Other hedge funds have also recently made changes to their positions in the company. JDM Financial Group LLC purchased a new stake in shares of NVR during the 4th quarter worth $25,000. EverSource Wealth Advisors LLC lifted its stake in shares of NVR by 150.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock worth $41,000 after purchasing an additional 3 shares during the last quarter. Olde Wealth Management LLC acquired a new position in NVR during the 1st quarter valued at about $36,000. CX Institutional purchased a new stake in NVR in the first quarter valued at about $43,000. Finally, Franchise Capital Ltd purchased a new stake in NVR in the first quarter valued at about $51,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Stock Performance

Shares of NVR stock traded up $523.53 during mid-day trading on Tuesday, reaching $7,899.73. The stock had a trading volume of 28,701 shares, compared to its average volume of 22,203. The business's fifty day moving average is $7,299.58 and its 200-day moving average is $7,393.24. 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 firm has a market cap of $23.07 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 8.28 and a beta of 0.99. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The construction company reported $94.83 EPS 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. On average, research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its board has approved a stock repurchase plan on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts have commented on NVR shares. Wall Street Zen cut NVR from a "hold" rating to a "sell" rating in a research note on Monday, June 30th. UBS Group decreased their price target 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $9,023.33.

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.