NVR, Inc. (NYSE:NVR) Shares Sold by Obermeyer Wealth Partners

Obermeyer Wealth Partners reduced its stake in NVR, Inc. (NYSE:NVR - Free Report) by 3.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,136 shares of the construction company's stock after selling 149 shares during the quarter. NVR comprises approximately 1.6% of Obermeyer Wealth Partners' portfolio, making the stock its 21st biggest holding. Obermeyer Wealth Partners owned approximately 0.14% of NVR worth $29,963,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Spire Wealth Management boosted its holdings in NVR by 21.2% in the first quarter. Spire Wealth Management now owns 63 shares of the construction company's stock worth $456,000 after purchasing an additional 11 shares during the last quarter. OLD Mission Capital LLC purchased a new stake in NVR in the 4th quarter worth approximately $1,701,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of NVR by 12.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 331 shares of the construction company's stock valued at $2,377,000 after purchasing an additional 36 shares during the period. Asset Management One Co. Ltd. raised its stake in NVR by 5.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 1,275 shares of the construction company's stock valued at $9,237,000 after purchasing an additional 63 shares during the period. Finally, GAMMA Investing LLC grew its stake in NVR by 15.8% during the first quarter. GAMMA Investing LLC now owns 22 shares of the construction company's stock valued at $159,000 after acquiring an additional 3 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

NVR Trading Up 7.1%

Shares of NYSE NVR traded up $523.53 during midday trading on Tuesday, reaching $7,899.73. 28,701 shares of the stock were exchanged, compared to its average volume of 22,203. The stock has a 50 day moving average price of $7,299.58 and a 200-day moving average price of $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 company has a market capitalization of $23.07 billion, a P/E ratio of 16.26, a P/E/G ratio of 8.28 and a beta of 0.99. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last announced 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). The company had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.35 billion. NVR had a net margin of 15.33% and a return on equity of 38.32%. Equities research analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

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

Analysts Set New Price Targets

A number of research firms have commented on NVR. UBS Group cut their target price on shares of 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 lowered shares of NVR from a "hold" rating to a "sell" rating in a report on Monday, June 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average 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.