Wealth Enhancement Advisory Services LLC Has $3.12 Million Stock Position in NVR, Inc. (NYSE:NVR)

Wealth Enhancement Advisory Services LLC grew its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 26.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 382 shares of the construction company's stock after acquiring an additional 80 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in NVR were worth $3,120,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. JDM Financial Group LLC acquired a new stake in NVR in the 4th quarter valued at approximately $25,000. EverSource Wealth Advisors LLC grew its stake 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 worth $41,000 after purchasing an additional 3 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of NVR by 75.0% during 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 raised its stake in shares of NVR by 60.0% during 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 in the last quarter. Finally, Morse Asset Management Inc raised its stake in shares of NVR by 1,200.0% during 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 in the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. UBS Group decreased 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 research report on Wednesday, April 23rd. Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. 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, the stock presently has an average rating of "Hold" and a consensus price target of $9,023.33.

NVR Price Performance

Shares of NVR stock traded down $91.52 during trading on Friday, hitting $7,102.95. The stock had a trading volume of 14,827 shares, compared to its average volume of 22,026. The business has a fifty day moving average of $7,135.05 and a two-hundred day moving average of $7,692.91. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,964.77. The firm has a market cap of $20.77 billion, a P/E ratio of 14.00, a PEG ratio of 2.39 and a beta of 1.02. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69.

NVR (NYSE:NVR - Get Free Report) last issued its 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). The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.35 billion. NVR had a return on equity of 39.67% and a net margin of 16.34%. On average, sell-side analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has approved a stock repurchase program on Tuesday, May 6th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to purchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

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.