Obermeyer Wealth Partners Has $35.05 Million Stock Holdings in NVR, Inc. (NYSE:NVR)

Obermeyer Wealth Partners reduced its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,285 shares of the construction company's stock after selling 125 shares during the quarter. NVR accounts for 1.8% of Obermeyer Wealth Partners' portfolio, making the stock its 18th largest position. Obermeyer Wealth Partners owned about 0.14% of NVR worth $35,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in NVR by 150.0% during 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 last quarter. Smartleaf Asset Management LLC boosted its position in shares of NVR by 75.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock worth $57,000 after buying an additional 3 shares during the period. Wilmington Savings Fund Society FSB raised its holdings in shares of NVR by 60.0% in the fourth 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 last quarter. Morse Asset Management Inc boosted its holdings in NVR by 1,200.0% during 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 during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its position in NVR by 122.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 20 shares of the construction company's stock worth $164,000 after buying an additional 11 shares in the last quarter. 83.67% of the stock is owned by institutional investors.

NVR Stock Up 3.4%

NVR stock opened at $7,392.92 on Tuesday. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77. The business has a 50-day simple moving average of $7,183.58 and a 200 day simple moving average of $7,926.08. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The company has a market cap of $21.62 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02.

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

NVR declared that its board has approved a stock repurchase plan on Tuesday, May 6th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. decreased their price target on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. UBS Group dropped their target price on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target 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.

Want to see what other hedge funds are holding NVR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVR, Inc. (NYSE:NVR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.