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

Townsend & Associates Inc increased its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 9.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 468 shares of the construction company's stock after buying an additional 40 shares during the quarter. Townsend & Associates Inc's holdings in NVR were worth $3,339,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. New York State Teachers Retirement System boosted its stake in shares of NVR by 0.9% during the 1st quarter. New York State Teachers Retirement System now owns 2,271 shares of the construction company's stock worth $16,452,000 after acquiring an additional 20 shares during the last quarter. 3Chopt Investment Partners LLC raised its holdings in NVR by 0.9% in the 1st quarter. 3Chopt Investment Partners LLC now owns 433 shares of the construction company's stock worth $3,137,000 after purchasing an additional 4 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in NVR by 12.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 331 shares of the construction company's stock worth $2,377,000 after purchasing an additional 36 shares during the period. Paragon Capital Management Inc. lifted its position in NVR by 1.6% during the first quarter. Paragon Capital Management Inc. now owns 188 shares of the construction company's stock valued at $1,362,000 after purchasing an additional 3 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its holdings in NVR by 21.7% during the first quarter. Illinois Municipal Retirement Fund now owns 2,893 shares of the construction company's stock valued at $20,958,000 after purchasing an additional 516 shares during the period. 83.67% of the stock is currently owned by institutional investors.

NVR Stock Up 1.6%

NVR opened at $7,395.07 on Monday. The stock has a market cap of $21.62 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 4.01 and a beta of 0.99. 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 firm's fifty day moving average is $7,165.51 and its 200 day moving average is $7,466.79. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The construction company reported $94.83 EPS 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 business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.35 billion. On average, sell-side analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its board has authorized a stock buyback plan on Tuesday, May 6th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 3.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have commented on NVR. UBS Group reduced their price target 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. Wall Street Zen lowered shares of NVR from a "hold" rating to a "sell" rating in a report on Monday. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $9,023.33.

NVR Company 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.

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