Townsend & Associates Inc Buys 40 Shares of NVR, Inc. (NYSE:NVR)

Townsend & Associates Inc raised its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 9.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 468 shares of the construction company's stock after purchasing an additional 40 shares during the period. Townsend & Associates Inc's holdings in NVR were worth $3,339,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NVR. Brighton Jones LLC increased its holdings in shares of NVR by 68.9% in the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company's stock worth $622,000 after buying an additional 31 shares during the period. SVB Wealth LLC bought a new stake in shares of NVR in the 4th quarter worth $237,000. US Bancorp DE lifted its position in NVR by 18.6% during the fourth quarter. US Bancorp DE now owns 268 shares of the construction company's stock valued at $2,192,000 after purchasing an additional 42 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of NVR by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock valued at $57,000 after purchasing an additional 3 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in shares of NVR by 130.0% in the 4th quarter. Jones Financial Companies Lllp now owns 23 shares of the construction company's stock worth $188,000 after purchasing an additional 13 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Stock Performance

Shares of NYSE:NVR traded down $145.27 on Thursday, reaching $7,623.24. The company's stock had a trading volume of 17,832 shares, compared to its average volume of 22,181. The stock has a market capitalization of $22.26 billion, a P/E ratio of 15.69, a PEG ratio of 4.17 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. The stock's 50-day moving average is $7,194.26 and its two-hundred day moving average is $7,461.97. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.37 and a quick ratio of 3.02.

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 return on equity of 38.32% and a net margin of 15.33%. The business had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.35 billion. As a group, sell-side analysts forecast 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 an indication that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NVR. Wall Street Zen downgraded shares of NVR from a "hold" rating to a "sell" rating in a report on Monday. UBS Group lowered their price objective 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $9,023.33.

About NVR

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.