GAMMA Investing LLC Boosts Position in NVR, Inc. (NYSE:NVR)

GAMMA Investing LLC raised its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 838,726.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 159,377 shares of the construction company's stock after purchasing an additional 159,358 shares during the quarter. GAMMA Investing LLC owned 5.37% of NVR worth $1,154,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Quent Capital LLC lifted its position in NVR by 30.8% in the 1st quarter. Quent Capital LLC now owns 17 shares of the construction company's stock worth $123,000 after buying an additional 4 shares during the last quarter. Versant Capital Management Inc lifted its position in NVR by 80.0% in the 1st quarter. Versant Capital Management Inc now owns 9 shares of the construction company's stock worth $65,000 after buying an additional 4 shares during the last quarter. Franchise Capital Ltd bought a new stake in NVR in the 1st quarter worth approximately $51,000. Wealth Enhancement Advisory Services LLC lifted its position in NVR by 26.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 382 shares of the construction company's stock worth $3,120,000 after buying an additional 80 shares during the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ bought a new stake in NVR in the 4th quarter worth approximately $8,073,000. 83.67% of the stock is currently owned by institutional investors.

NVR Trading Down 1.1%

Shares of NYSE NVR traded down $80.75 during mid-day trading on Monday, hitting $7,035.19. The stock had a trading volume of 12,014 shares, compared to its average volume of 22,077. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77. The business has a 50 day moving average price of $7,145.84 and a two-hundred day moving average price of $7,726.16. The firm has a market cap of $20.57 billion, a P/E ratio of 13.87, a price-to-earnings-growth 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 EPS 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 analysts' expectations of $2.35 billion. On average, equities analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its board has initiated a stock buyback plan on Tuesday, May 6th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase up to 3.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NVR shares. UBS Group dropped their target price 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 raised NVR from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price 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.