Y Intercept Hong Kong Ltd Boosts Position in NVR, Inc. (NYSE:NVR)

Y Intercept Hong Kong Ltd boosted its stake in NVR, Inc. (NYSE:NVR - Free Report) by 115.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 390 shares of the construction company's stock after acquiring an additional 209 shares during the period. Y Intercept Hong Kong Ltd's holdings in NVR were worth $2,825,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Spire Wealth Management boosted its holdings in shares of NVR by 21.2% during the 1st quarter. Spire Wealth Management now owns 63 shares of the construction company's stock worth $456,000 after buying an additional 11 shares in the last quarter. OLD Mission Capital LLC bought a new position in shares of NVR during the 4th quarter worth approximately $1,701,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of NVR by 12.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 331 shares of the construction company's stock worth $2,377,000 after buying an additional 36 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of NVR by 5.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 1,275 shares of the construction company's stock worth $9,237,000 after purchasing an additional 63 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of NVR by 15.8% in the 1st quarter. GAMMA Investing LLC now owns 22 shares of the construction company's stock worth $159,000 after purchasing an additional 3 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

NVR Stock Performance

Shares of NVR stock traded down $21.68 during trading hours on Friday, hitting $7,767.71. 7,971 shares of the company's stock traded hands, compared to its average volume of 23,844. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The stock has a market capitalization of $22.71 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 8.87 and a beta of 0.99. The company has a fifty day simple moving average of $7,334.98 and a 200-day simple moving average of $7,394.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 5.37 and a quick ratio of 3.02.

NVR (NYSE:NVR - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $104.89 by $3.65. NVR had a return on equity of 36.67% and a net margin of 14.68%. The firm had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period last year, the firm posted $120.69 EPS. The business's revenue was down .5% compared to the same quarter last year. Equities research analysts anticipate that NVR, Inc. will post 505.2 EPS 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 buyback $750.00 million in shares. This buyback authorization allows the construction company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

NVR has been the topic of a number of recent research reports. UBS Group increased their target price on NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a report on Thursday. JPMorgan Chase & Co. increased their price target on NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Wall Street Zen lowered NVR from a "hold" rating to a "sell" rating in a research report on Monday, June 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $8,783.33.

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.