Alpine Woods Capital Investors LLC grew its holdings in NVR, Inc. (NYSE:NVR) by 17.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,385 shares of the construction company’s stock after acquiring an additional 500 shares during the quarter. Alpine Woods Capital Investors LLC owned 0.09% of NVR worth $9,478,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of NVR. Macroview Investment Management LLC acquired a new stake in NVR in the first quarter worth about $120,000. Cerebellum GP LLC acquired a new stake in NVR in the fourth quarter worth about $133,000. Checchi Capital Advisers LLC acquired a new stake in NVR in the fourth quarter worth about $200,000. Commerce Bank acquired a new stake in NVR in the fourth quarter worth about $207,000. Finally, Assetmark Inc. acquired a new stake in NVR in the fourth quarter worth about $210,000. 80.47% of the stock is owned by institutional investors and hedge funds.
NVR opened at $2,980.32 on Friday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.52 and a quick ratio of 1.33. NVR, Inc. has a 52 week low of $2,877.00 and a 52 week high of $2,924.15. The stock has a market cap of $10.51 billion, a P/E ratio of 21.05, a PEG ratio of 0.93 and a beta of 0.63.
NVR (NYSE:NVR) last released its earnings results on Thursday, April 19th. The construction company reported $39.34 EPS for the quarter, topping the Zacks’ consensus estimate of $31.44 by $7.90. NVR had a return on equity of 42.40% and a net margin of 9.36%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the company posted $25.12 earnings per share. The company’s revenue was up 19.7% compared to the same quarter last year. equities analysts anticipate that NVR, Inc. will post 196 EPS for the current fiscal year.
NVR declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 14th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the construction company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.
Several brokerages have weighed in on NVR. Zacks Investment Research raised NVR from a “hold” rating to a “buy” rating and set a $3,416.00 price target for the company in a report on Tuesday, April 24th. ValuEngine downgraded NVR from a “buy” rating to a “hold” rating in a report on Thursday, March 29th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $3,114.00.
In related news, insider Jeffrey D. Martchek sold 248 shares of NVR stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $3,064.06, for a total transaction of $759,886.88. Following the completion of the transaction, the insider now directly owns 4,446 shares in the company, valued at $13,622,810.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan Williamson Ross purchased 70 shares of NVR stock in a transaction that occurred on Tuesday, May 15th. The shares were bought at an average price of $2,995.20 per share, with a total value of $209,664.00. Following the completion of the transaction, the director now owns 64,191 shares of the company’s stock, valued at approximately $192,264,883.20. The disclosure for this purchase can be found here. Insiders have sold 21,271 shares of company stock valued at $65,194,682 in the last ninety days. Corporate insiders own 11.30% of the company’s stock.
NVR, Inc operates as a homebuilder in the United States. The company operates through four segments: Mid Atlantic, North East, Mid East, and South East. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names.
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