782 Shares in NVR, Inc. (NYSE:NVR) Purchased by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC bought a new stake in shares of NVR, Inc. (NYSE:NVR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 782 shares of the construction company’s stock, valued at approximately $6,396,000.

Other large investors have also modified their holdings of the company. Exchange Traded Concepts LLC increased its holdings in NVR by 5.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 36 shares of the construction company’s stock valued at $294,000 after buying an additional 2 shares during the period. Empirical Finance LLC boosted its position in NVR by 2.0% during the 4th quarter. Empirical Finance LLC now owns 103 shares of the construction company’s stock valued at $842,000 after acquiring an additional 2 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in shares of NVR by 7.7% in the 4th quarter. Bleakley Financial Group LLC now owns 28 shares of the construction company’s stock valued at $229,000 after acquiring an additional 2 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of NVR by 4.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 47 shares of the construction company’s stock worth $384,000 after acquiring an additional 2 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in shares of NVR by 8.0% during the 4th quarter. Signaturefd LLC now owns 27 shares of the construction company’s stock worth $221,000 after purchasing an additional 2 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.

Wall Street Analyst Weigh In

NVR has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. UBS Group lowered 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $9,023.33.

NVR Stock Performance

Shares of NVR opened at $7,351.47 on Monday. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $9,964.77. The stock has a fifty day moving average price of $7,171.46 and a 200-day moving average price of $7,873.55. 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 firm has a market cap of $21.50 billion, a PE ratio of 14.48, a P/E/G ratio of 2.39 and a beta of 1.02.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share for the quarter, missing the consensus estimate of $107.87 by ($13.04). NVR had a return on equity of 39.67% and a net margin of 16.34%. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Equities research analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its board has initiated a stock 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 reacquire up to 3.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

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.