UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 1,803 Shares of NVR, Inc. (NYSE:NVR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,479 shares of the construction company's stock after selling 1,803 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.83% of NVR worth $208,390,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. EverSource Wealth Advisors LLC boosted its holdings in shares of NVR by 150.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock valued at $41,000 after buying an additional 3 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of NVR by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock valued at $57,000 after buying an additional 3 shares during the period. Wilmington Savings Fund Society FSB boosted its holdings in shares of NVR by 60.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 8 shares of the construction company's stock valued at $65,000 after buying an additional 3 shares during the period. Morse Asset Management Inc boosted its holdings in shares of NVR by 1,200.0% in the fourth quarter. Morse Asset Management Inc now owns 13 shares of the construction company's stock valued at $106,000 after buying an additional 12 shares during the period. Finally, Cullen Frost Bankers Inc. boosted its holdings in shares of NVR by 122.2% in the fourth quarter. Cullen Frost Bankers Inc. now owns 20 shares of the construction company's stock valued at $164,000 after buying an additional 11 shares during the period. Institutional investors own 83.67% of the company's stock.

NVR Stock Down 2.1%

NVR traded down $149.86 during trading hours on Wednesday, hitting $7,060.79. 4,254 shares of the company's stock were exchanged, compared to its average volume of 22,091. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,964.77. The stock's 50-day moving average is $7,158.23 and its two-hundred day moving average is $7,779.73. The stock has a market cap of $20.65 billion, a price-to-earnings ratio of 13.91, a PEG 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 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). NVR had a return on equity of 39.67% and a net margin of 16.34%. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. Sell-side analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its board has initiated a stock buyback program on Tuesday, May 6th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase up to 3.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NVR. UBS Group reduced their price target on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. JPMorgan Chase & Co. reduced their price target on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Finally, Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a report on Saturday. Four 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.com, NVR currently 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.