Mn Services Vermogensbeheer B.V. Has $8.33 Million Holdings in NVR, Inc. (NYSE:NVR)

Mn Services Vermogensbeheer B.V. lessened its holdings in NVR, Inc. (NYSE:NVR) by 7.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,150 shares of the construction company’s stock after selling 90 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in NVR were worth $8,331,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sequoia Financial Advisors LLC lifted its stake 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 valued at $384,000 after purchasing an additional 2 shares during the last quarter. Signaturefd LLC lifted its stake in shares of NVR by 8.0% in the 4th quarter. Signaturefd LLC now owns 27 shares of the construction company’s stock valued at $221,000 after purchasing an additional 2 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of NVR by 11.1% in the 4th quarter. Quadrant Capital Group LLC now owns 20 shares of the construction company’s stock valued at $164,000 after purchasing an additional 2 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its position in NVR by 1.1% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 177 shares of the construction company’s stock worth $1,282,000 after acquiring an additional 2 shares during the last quarter. Finally, Peak Financial Advisors LLC lifted its position in NVR by 1.3% during the 1st quarter. Peak Financial Advisors LLC now owns 153 shares of the construction company’s stock worth $1,108,000 after acquiring an additional 2 shares during the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Performance

NYSE:NVR opened at $7,211.91 on Tuesday. The firm’s 50-day moving average is $7,160.50 and its 200-day moving average is $7,581.16. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The company has a market cap of $21.09 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 2.39 and a beta of 0.99.

NVR (NYSE:NVR) last posted its quarterly earnings data 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). NVR had a return on equity of 39.67% and a net margin of 16.34%. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.35 billion. Equities research analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its board has initiated a stock repurchase program 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 programs are often an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. UBS Group cut their target price on shares of NVR from $8,900.00 to $7,900.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen lowered shares of NVR from a “hold” rating to a “sell” rating in a research report on Saturday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $9,023.33.

NVR Company 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.