NVR, Inc. (NYSE:NVR) Shares Sold by Wealth Enhancement Advisory Services LLC

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

Other institutional investors have also modified their holdings of the company. OLD Mission Capital LLC acquired a new position in NVR in the 4th quarter worth approximately $1,701,000. Markel Group Inc. raised its holdings in shares of NVR by 0.9% during the fourth quarter. Markel Group Inc. now owns 11,814 shares of the construction company's stock worth $96,626,000 after purchasing an additional 110 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in NVR by 3.2% during 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. lifted its position in NVR by 105.7% during 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 boosted its holdings in NVR by 6.9% in the first quarter. Fifth Third Bancorp now owns 31 shares of the construction company's stock valued at $225,000 after purchasing an additional 2 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NVR has been the topic of a number of recent research reports. UBS Group lowered their target price on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Wall Street Zen cut shares of NVR from a "hold" rating to a "sell" rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, NVR has an average rating of "Hold" and a consensus price target of $9,023.33.

NVR Price Performance

Shares of NYSE:NVR traded up $121.05 during trading on Wednesday, reaching $7,788.90. 11,872 shares of the company's stock traded hands, compared to its average volume of 22,132. The company has a quick ratio of 3.02, a current ratio of 5.37 and a debt-to-equity ratio of 0.23. 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 50-day simple moving average of $7,180.36 and a 200-day simple moving average of $7,459.83. The firm has a market cap of $22.74 billion, a PE ratio of 16.03, a P/E/G ratio of 4.02 and a beta of 0.99.

NVR (NYSE:NVR - Get Free Report) last issued 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 during 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 approved a stock buyback plan on Tuesday, May 6th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 3.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership 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.