Gateway Investment Advisers LLC Purchases 18 Shares of NVR, Inc. (NYSE:NVR)

Gateway Investment Advisers LLC lifted its holdings in shares of NVR, Inc. (NYSE:NVR) by 0.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,274 shares of the construction company’s stock after buying an additional 18 shares during the quarter. Gateway Investment Advisers LLC owned about 0.08% of NVR worth $16,474,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in shares of NVR during the 4th quarter valued at $3,277,825,000. GAMMA Investing LLC boosted its stake in shares of NVR by 838,726.3% in the 1st quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company’s stock valued at $1,154,589,000 after purchasing an additional 159,358 shares in the last quarter. Siemens Fonds Invest GmbH grew its stake in shares of NVR by 116,808.2% during the fourth quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company’s stock valued at $468,528,000 after buying an additional 57,236 shares during the last quarter. Norges Bank purchased a new position in NVR in the 4th quarter worth approximately $295,643,000. Finally, JPMorgan Chase & Co. raised its holdings in NVR by 165.8% during the 4th quarter. JPMorgan Chase & Co. now owns 36,999 shares of the construction company’s stock valued at $302,611,000 after buying an additional 23,079 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Price Performance

NVR stock opened at $7,102.95 on Friday. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77. The firm’s fifty day moving average is $7,133.04 and its 200 day moving average is $7,680.14. The company has a market cap of $20.77 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 2.39 and a beta of 0.99.

NVR (NYSE:NVR) last announced its 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 for the quarter, compared to analysts’ expectations of $2.35 billion. NVR had a net margin of 16.34% and a return on equity of 39.67%. Sell-side analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its board has approved a stock repurchase program on Tuesday, May 6th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 24th. UBS Group decreased their price target on NVR from $8,900.00 to $7,900.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently 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.