NVR, Inc. (NYSE:NVR) Stock Holdings Trimmed by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV decreased its position in NVR, Inc. (NYSE:NVR - Free Report) by 13.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,131 shares of the construction company's stock after selling 176 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in NVR were worth $9,247,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of NVR. Lakewood Asset Management LLC grew its stake in NVR by 0.5% in the 4th quarter. Lakewood Asset Management LLC now owns 392 shares of the construction company's stock worth $3,206,000 after acquiring an additional 2 shares during the period. GAMMA Investing LLC boosted its holdings in shares of NVR by 11.8% during the fourth quarter. GAMMA Investing LLC now owns 19 shares of the construction company's stock worth $155,000 after purchasing an additional 2 shares during the last quarter. Crestmont Private Wealth LLC increased its stake in NVR by 3.9% in the fourth quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company's stock valued at $433,000 after purchasing an additional 2 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in NVR by 5.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 36 shares of the construction company's stock worth $294,000 after buying an additional 2 shares during the period. Finally, Empirical Finance LLC boosted its stake in NVR by 2.0% in the 4th quarter. Empirical Finance LLC now owns 103 shares of the construction company's stock worth $842,000 after buying an additional 2 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NVR shares. JPMorgan Chase & Co. cut their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. UBS Group decreased their price target 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 equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $9,023.33.

NVR Stock Down 1.5 %

Shares of NYSE NVR traded down $103.52 on Tuesday, hitting $6,972.90. The company had a trading volume of 14,866 shares, compared to its average volume of 22,141. The business has a 50 day moving average of $7,185.85 and a two-hundred day moving average of $7,998.72. The firm has a market capitalization of $20.70 billion, a P/E ratio of 13.74, a PEG ratio of 2.39 and a beta of 1.02. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The construction company reported $94.83 EPS for the quarter, missing analysts' consensus estimates of $107.87 by ($13.04). The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. NVR had a return on equity of 39.67% and a net margin of 16.34%. As a group, equities research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its board has approved a share buyback plan on Tuesday, May 6th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 3.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Insider Activity at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the transaction, the director now directly owns 1,050 shares of the company's stock, valued at $7,891,380. This represents a 11.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 7.00% of the stock is currently owned by company insiders.

NVR 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.