Wedge Capital Management L L P NC Buys 115 Shares of NVR, Inc. (NYSE:NVR)

Wedge Capital Management L L P NC grew its position in NVR, Inc. (NYSE:NVR - Free Report) by 25.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 575 shares of the construction company's stock after purchasing an additional 115 shares during the quarter. Wedge Capital Management L L P NC's holdings in NVR were worth $4,166,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. JDM Financial Group LLC acquired a new stake in NVR in the 4th quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its position 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 acquiring an additional 3 shares during the period. Franchise Capital Ltd acquired a new stake in shares of NVR in the first quarter worth $51,000. Smartleaf Asset Management LLC increased its position in NVR by 75.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock worth $57,000 after acquiring an additional 3 shares during the period. Finally, Wilmington Savings Fund Society FSB raised its stake in NVR by 60.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 8 shares of the construction company's stock valued at $65,000 after purchasing an additional 3 shares during the last quarter. Institutional investors own 83.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NVR. UBS Group reduced their price target on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $9,023.33.

NVR Stock Performance

Shares of NYSE NVR traded up $250.80 during trading hours on Tuesday, reaching $7,389.42. The stock had a trading volume of 14,709 shares, compared to its average volume of 22,037. The company has a market cap of $21.61 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 2.39 and a beta of 0.99. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,964.77. The business's fifty day moving average is $7,129.60 and its two-hundred day moving average is $7,648.59. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69.

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

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

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.