Rafferty Asset Management LLC Has $19.35 Million Holdings in NVR, Inc. (NYSE:NVR)

Rafferty Asset Management LLC grew its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 45.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,366 shares of the construction company's stock after purchasing an additional 739 shares during the period. Rafferty Asset Management LLC owned about 0.08% of NVR worth $19,351,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its stake in NVR by 150.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock worth $41,000 after purchasing an additional 3 shares during the period. Smartleaf Asset Management LLC grew its stake in NVR by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock valued at $57,000 after acquiring an additional 3 shares in the last quarter. Wilmington Savings Fund Society FSB increased its holdings in shares of NVR by 60.0% in the 4th 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 during the period. Morse Asset Management Inc lifted its position in shares of NVR by 1,200.0% in the fourth quarter. Morse Asset Management Inc now owns 13 shares of the construction company's stock worth $106,000 after purchasing an additional 12 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its position in shares of NVR by 122.2% in the fourth quarter. Cullen Frost Bankers Inc. now owns 20 shares of the construction company's stock worth $164,000 after purchasing an additional 11 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

NVR Stock Performance

NVR stock traded down $145.83 during trading on Wednesday, reaching $7,060.95. 6,129 shares of the stock were exchanged, compared to its average volume of 22,046. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,964.77. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $20.65 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. The stock has a 50 day simple moving average of $7,171.96 and a 200-day simple moving average of $7,856.12.

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

NVR declared that its Board of Directors has initiated a stock 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 buy up to 3.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have recently commented on NVR. JPMorgan Chase & Co. lowered their price target 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 reduced their price objective on 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. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, NVR currently has a consensus rating of "Hold" and a consensus target price of $9,023.33.

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.