Castleview Partners LLC Reduces Position in NVR, Inc. (NYSE:NVR)

Castleview Partners LLC decreased its holdings in shares of NVR, Inc. (NYSE:NVR) by 11.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75 shares of the construction company’s stock after selling 10 shares during the quarter. Castleview Partners LLC’s holdings in NVR were worth $543,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NVR. Brighton Jones LLC grew its holdings in shares of NVR by 68.9% during the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock worth $622,000 after buying an additional 31 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of NVR by 3.7% during the fourth quarter. CIBC Asset Management Inc now owns 482 shares of the construction company’s stock worth $3,942,000 after buying an additional 17 shares in the last quarter. Truist Financial Corp grew its holdings in shares of NVR by 2.2% during the fourth quarter. Truist Financial Corp now owns 187 shares of the construction company’s stock worth $1,529,000 after buying an additional 4 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of NVR by 15.5% during the fourth quarter. D.A. Davidson & CO. now owns 82 shares of the construction company’s stock worth $671,000 after buying an additional 11 shares in the last quarter. Finally, Ieq Capital LLC boosted its position in shares of NVR by 8.7% during the 4th quarter. Ieq Capital LLC now owns 263 shares of the construction company’s stock valued at $2,151,000 after acquiring an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Trading Up 2.5%

Shares of NVR stock opened at $7,152.24 on Friday. The company’s 50-day moving average price is $7,153.94 and its 200-day moving average price is $7,543.68. The company has a current ratio of 5.37, a quick ratio of 3.02 and a debt-to-equity ratio of 0.23. The stock has a market cap of $20.88 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 3.80 and a beta of 0.99. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,964.77.

NVR (NYSE:NVR) last announced its quarterly 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). The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. NVR had a net margin of 15.33% and a return on equity of 38.32%. As a group, equities analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its board has approved a share buyback plan on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 3.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

NVR has been the topic of several recent research reports. 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 research report on Wednesday, April 23rd. Wall Street Zen cut shares of NVR from a “hold” rating to a “sell” rating in a research report on Saturday, June 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently 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.