Crossmark Global Holdings Inc. Has $1.91 Million Stake in NVR, Inc. (NYSE:NVR)

Crossmark Global Holdings Inc. boosted its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 67.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264 shares of the construction company's stock after purchasing an additional 106 shares during the period. Crossmark Global Holdings Inc.'s holdings in NVR were worth $1,913,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sequoia Financial Advisors LLC increased its holdings in NVR by 4.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 47 shares of the construction company's stock valued at $384,000 after purchasing an additional 2 shares in the last quarter. Signaturefd LLC boosted its position in NVR by 8.0% in the 4th quarter. Signaturefd LLC now owns 27 shares of the construction company's stock valued at $221,000 after buying an additional 2 shares during the last quarter. Quadrant Capital Group LLC boosted its position in NVR by 11.1% in the 4th quarter. Quadrant Capital Group LLC now owns 20 shares of the construction company's stock valued at $164,000 after buying an additional 2 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its position in NVR by 1.1% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 177 shares of the construction company's stock valued at $1,282,000 after buying an additional 2 shares during the last quarter. Finally, Peak Financial Advisors LLC boosted its position in NVR by 1.3% in the 1st quarter. Peak Financial Advisors LLC now owns 153 shares of the construction company's stock valued at $1,108,000 after buying an additional 2 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the company. UBS Group decreased their price objective 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. Wall Street Zen downgraded NVR from a "hold" rating to a "sell" rating in a research note 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 stock. According to MarketBeat, NVR currently has a consensus rating of "Hold" and an average target price of $9,023.33.

NVR Trading Down 0.9%

Shares of NVR stock traded down $68.01 during trading hours on Friday, reaching $7,621.71. The company had a trading volume of 13,988 shares, compared to its average volume of 22,223. The company has a 50 day moving average of $7,267.58 and a 200 day moving average of $7,423.93. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.37 and a quick ratio of 3.02. The firm 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. 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 posted 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). The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. NVR had a net margin of 15.33% and a return on equity of 38.32%. On average, equities research analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its board has initiated a stock buyback 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 reacquire up to 3.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is 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.