NVR, Inc. (NYSE:NVR) Shares Sold by Dock Street Asset Management Inc.

Dock Street Asset Management Inc. reduced its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 94.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 98 shares of the construction company's stock after selling 1,739 shares during the quarter. Dock Street Asset Management Inc.'s holdings in NVR were worth $710,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. JDM Financial Group LLC purchased a new stake in NVR during the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC increased its holdings in 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 purchased a new stake in NVR during the 1st quarter worth approximately $36,000. CX Institutional purchased a new stake in NVR during the 1st quarter worth approximately $43,000. Finally, Franchise Capital Ltd purchased a new stake in NVR during the 1st quarter worth approximately $51,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Stock Performance

Shares of NYSE NVR traded down $32.18 during trading on Monday, reaching $7,600.06. The stock had a trading volume of 18,716 shares, compared to its average volume of 22,209. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.02 and a current ratio of 5.37. The stock has a market cap of $22.19 billion, a PE ratio of 15.64, a P/E/G ratio of 4.15 and a beta of 0.99. The firm's 50 day moving average price is $7,267.58 and its two-hundred day moving average price is $7,418.19.

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 net margin of 15.33% and a return on equity of 38.32%. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.35 billion. On average, research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has authorized a share buyback plan on Tuesday, May 6th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to purchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

NVR has been the topic of several analyst reports. Wall Street Zen downgraded NVR from a "hold" rating to a "sell" rating in a report on Monday, June 30th. UBS Group dropped their price objective on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a report 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target 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.