Steward Partners Investment Advisory LLC buys 32 shares of NVR, Inc. (NYSE: NVR)

Steward Partners Investment Advisory LLC increased its stake in shares of NVR, Inc. (NYSE: NVR – Get Rating) by 18.2% in the first quarter, according to the company in its latest filing with the SEC. The company held 208 shares of the construction company after acquiring 32 additional shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in NVR were worth $929,000 when it last filed with the SEC.

Other hedge funds and other institutional investors have also recently changed their positions in the company. TFO TDC LLC bought a new position in shares of NVR during the first quarter at a value of $27,000. Retirement Planning Co of New England Inc. acquired a new stake in shares of NVR in the fourth quarter worth $35,000. Johnson Financial Group Inc. acquired a new stake in shares of NVR in the fourth quarter worth $35,000. Confluence Wealth Services Inc. acquired a new stake in shares of NVR in the fourth quarter worth $59,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new equity stake in NVR in the fourth quarter valued at $65,000. 97.53% of the shares are held by institutional investors.

Analyst upgrades and downgrades

A number of brokerages have weighed in on NVR recently. Wells Fargo & Company lowered its target price on NVR from $4,650.00 to $4,145.00 and set an “equal weight” rating for the company in a Friday, June 17 research note. JPMorgan Chase & Co. lowered its target price on NVR from $4,900.00 to $4,330.00 and set a “neutral” rating for the company in a Tuesday, July 12 research note. UBS Group lowered its price target on NVR from $5,400.00 to $4,100.00 and set a “neutral” rating for the company in a Thursday, June 16 research report. Finally, upgraded the NVR from a “hold” rating to a “buy” rating in a Friday, April 29 research report. Three equity research analysts gave the stock a hold rating and two gave the company a buy rating. According to MarketBeat, NVR has an average rating of “Hold” and an average target price of $4,418.75.

NVR Price Performance

NVR stock opened at $4,464.83 on Tuesday. The company has a market capitalization of $14.69 billion, a P/E ratio of 11.92 and a beta of 0.99. NVR, Inc. has a 1-year low of $3,576.01 and a 1-year high of $5,982.44. The company has a 50-day moving average of $4,219.80 and a 200-day moving average of $4,607.61. The company has a current ratio of 4.97, a quick ratio of 2.68 and a debt ratio of 0.56.

NVR (NYSE:NVR – Get Rating) last released its results on Tuesday, April 26. The construction company reported earnings per share (EPS) of $116.56 for the quarter, beating the consensus estimate of $100.47 by $16.09. The company posted revenue of $2.31 billion in the quarter, versus analyst estimates of $2.32 billion. NVR had a return on equity of 47.99% and a net margin of 15.63%. The company’s revenue for the quarter increased 17.6% compared to the same quarter last year. During the same period of the previous year, the company achieved EPS of $63.21. On average, stock analysts expect NVR, Inc. to post an EPS of 536.61 for the current year.

NVR said its board of directors launched a stock buyback program on Wednesday, May 4 that allows the company to repurchase $500.00 million in stock. This repurchase authorization authorizes the construction company to repurchase up to 3.2% of its shares through purchases on the open market. Stock buyback programs are usually a sign that a company’s management believes its stock is undervalued.

NVR Company Profile

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NVR, Inc operates as a home builder in the United States. The Company operates in two segments, residential construction and mortgage banking. It is engaged in the construction and sale of single-family homes, townhouses and condominiums under the names of Ryan Homes, NVHomes and Heartland Homes. The company markets its Ryan Homes products to first-time buyers and first-time buyers; and NVHomes and Heartland Homes products to premium and luxury buyers.

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Institutional ownership by quarter for NVR (NYSE:NVR)

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