Wealth Enhancement Advisory Services LLC Reduces Stake in NVR, Inc. (NYSE:NVR)

Wealth Enhancement Advisory Services LLC lowered its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 13.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 332 shares of the construction company's stock after selling 50 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in NVR were worth $2,400,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. OLD Mission Capital LLC bought a new stake in shares of NVR in the fourth quarter valued at approximately $1,701,000. Markel Group Inc. raised its position in shares of NVR by 0.9% in the fourth quarter. Markel Group Inc. now owns 11,814 shares of the construction company's stock valued at $96,626,000 after purchasing an additional 110 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of NVR by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company's stock valued at $171,266,000 after purchasing an additional 644 shares during the period. Vise Technologies Inc. raised its position in shares of NVR by 105.7% in the fourth quarter. Vise Technologies Inc. now owns 109 shares of the construction company's stock valued at $892,000 after purchasing an additional 56 shares during the period. Finally, Fifth Third Bancorp increased its holdings in NVR by 6.9% during the 1st quarter. Fifth Third Bancorp now owns 31 shares of the construction company's stock worth $225,000 after acquiring an additional 2 shares during the period. Institutional investors own 83.67% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NVR. Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a report on Sunday, June 22nd. UBS Group decreased their target price on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $9,023.33.

NVR Stock Performance

NVR stock opened at $7,395.07 on Friday. The firm's 50 day simple moving average is $7,165.51 and its 200 day simple moving average is $7,476.03. The company has a current ratio of 5.37, a quick ratio of 3.02 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $21.59 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 4.01 and a beta of 0.99. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last posted 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 firm 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 38.32% and a net margin of 15.33%. As a group, analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has initiated a share buyback plan on Tuesday, May 6th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are 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.

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