Rhumbline Advisers Raises Stock Position in NVR, Inc. (NYSE:NVR)

Rhumbline Advisers lifted its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 3.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,423 shares of the construction company's stock after buying an additional 191 shares during the quarter. Rhumbline Advisers owned approximately 0.22% of NVR worth $46,531,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NVR. Fifth Third Wealth Advisors LLC boosted its position in NVR by 1.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 177 shares of the construction company's stock worth $1,282,000 after acquiring an additional 2 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of NVR by 838,726.3% during the 1st quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock worth $1,154,589,000 after purchasing an additional 159,358 shares during the period. Quent Capital LLC lifted its stake in shares of NVR by 30.8% during the 1st quarter. Quent Capital LLC now owns 17 shares of the construction company's stock worth $123,000 after purchasing an additional 4 shares during the period. Versant Capital Management Inc boosted its holdings in shares of NVR by 80.0% during the first quarter. Versant Capital Management Inc now owns 9 shares of the construction company's stock worth $65,000 after purchasing an additional 4 shares during the last quarter. Finally, Franchise Capital Ltd purchased a new stake in shares of NVR in the first quarter valued at $51,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. 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 note on Wednesday, April 23rd. Wall Street Zen raised shares of 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. According to data from MarketBeat, NVR currently has a consensus rating of "Hold" and a consensus price target of $9,023.33.

NVR Trading Down 0.9%

Shares of NYSE NVR traded down $65.31 during trading on Friday, hitting $7,129.16. 6,385 shares of the company traded hands, compared to its average volume of 21,993. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77. The company has a 50-day moving average price of $7,135.05 and a 200-day moving average price of $7,692.91. The firm has a market capitalization of $20.85 billion, a P/E ratio of 14.05, a P/E/G ratio of 2.39 and a beta of 1.02. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22.

NVR (NYSE:NVR - Get Free Report) last issued its 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 16.34% and a return on equity of 39.67%. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. On average, equities analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its Board of Directors has initiated a share buyback program on Tuesday, May 6th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to buy up to 3.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are 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.