Vontobel Holding Ltd. Raises Position in NVR, Inc. (NYSE:NVR)

Vontobel Holding Ltd. grew its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 106.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 219 shares of the construction company's stock after acquiring an additional 113 shares during the period. Vontobel Holding Ltd.'s holdings in NVR were worth $1,587,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of NVR by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 342,460 shares of the construction company's stock worth $2,800,946,000 after purchasing an additional 1,147 shares in the last quarter. GAMMA Investing LLC grew its position in 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. Capital Research Global Investors grew its position in NVR by 11.7% during the 4th quarter. Capital Research Global Investors now owns 107,606 shares of the construction company's stock worth $880,099,000 after purchasing an additional 11,274 shares during the period. Siemens Fonds Invest GmbH grew its position in NVR by 116,808.2% during the 4th quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock worth $468,528,000 after purchasing an additional 57,236 shares during the period. Finally, Boston Partners grew its position in NVR by 3.2% during the 4th quarter. Boston Partners now owns 51,844 shares of the construction company's stock worth $424,066,000 after purchasing an additional 1,605 shares during the period. 83.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wall Street Zen downgraded NVR from a "hold" rating to a "sell" rating in a research report on Monday, June 30th. UBS Group cut their price target on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. 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's stock. According to data from MarketBeat, NVR presently has an average rating of "Hold" and a consensus target price of $9,023.33.

NVR Price Performance

Shares of NYSE:NVR traded down $43.01 during trading on Tuesday, reaching $7,531.99. 24,509 shares of the company's stock traded hands, compared to its average volume of 22,272. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,964.77. The company has a quick ratio of 3.02, a current ratio of 5.37 and a debt-to-equity ratio of 0.23. The firm has a market cap of $21.99 billion, a PE ratio of 15.50, a P/E/G ratio of 4.12 and a beta of 0.99. The company has a 50-day simple moving average of $7,232.99 and a 200-day simple moving average of $7,435.77.

NVR (NYSE:NVR - Get Free Report) last posted its 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 analyst estimates of $2.35 billion. As a group, analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its Board of Directors has authorized a share buyback plan on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

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.