USS Investment Management Ltd Decreases Stock Position in NVR, Inc. (NYSE:NVR)

USS Investment Management Ltd lessened its position in NVR, Inc. (NYSE:NVR - Free Report) by 32.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 555 shares of the construction company's stock after selling 265 shares during the period. USS Investment Management Ltd's holdings in NVR were worth $4,549,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its position 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 last quarter. Smartleaf Asset Management LLC grew its holdings in 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 purchasing an additional 3 shares during the period. Wilmington Savings Fund Society FSB grew its holdings in 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 purchasing an additional 3 shares during the period. Morse Asset Management Inc grew its holdings in 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 purchasing an additional 12 shares during the period. Finally, Cullen Frost Bankers Inc. grew its holdings in 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 purchasing an additional 11 shares during the period. Institutional investors and hedge funds own 83.67% of the company's stock.

NVR Trading Down 2.1%

NVR traded down $149.86 during trading on Wednesday, hitting $7,060.79. 4,254 shares of the company's stock were exchanged, compared to its average volume of 22,091. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77. The stock has a 50 day moving average price of $7,158.23 and a 200 day moving average price of $7,779.73. The firm has a market cap of $20.65 billion, a P/E ratio of 13.91, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The construction company reported $94.83 earnings per share (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 analysts' expectations of $2.35 billion. As a group, analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its board has initiated a stock repurchase program on Tuesday, May 6th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to purchase up to 3.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a report on Saturday. JPMorgan Chase & Co. lowered their target price 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, UBS Group lowered their target price 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. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, NVR presently has a consensus rating of "Hold" and an average price target 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.