Wealth Enhancement Advisory Services LLC Boosts Holdings in NVR, Inc. (NYSE:NVR)

Wealth Enhancement Advisory Services LLC increased its position in NVR, Inc. (NYSE:NVR) by 0.5% during the first quarter, HoldingsChannel.com reports. The firm owned 418 shares of the construction company’s stock after acquiring an additional 2 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in NVR were worth $3,389,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NVR. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of NVR in the fourth quarter worth approximately $35,000. Criterion Capital Advisors LLC bought a new position in NVR in the 4th quarter valued at approximately $42,000. Allworth Financial LP boosted its stake in NVR by 100.0% during the 4th quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock valued at $56,000 after purchasing an additional 4 shares during the last quarter. USA Financial Formulas bought a new stake in shares of NVR in the 4th quarter worth $63,000. Finally, Mather Group LLC. purchased a new position in shares of NVR in the first quarter worth $73,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Stock Performance

Shares of NVR opened at $7,460.70 on Wednesday. The firm has a market capitalization of $23.35 billion, a P/E ratio of 15.55, a PEG ratio of 3.15 and a beta of 1.17. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.52 and a quick ratio of 3.97. NVR, Inc. has a one year low of $5,210.49 and a one year high of $8,211.40. The business has a fifty day moving average of $7,579.80 and a 200 day moving average of $7,493.91.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $103.97 by $12.44. NVR had a return on equity of 38.54% and a net margin of 17.33%. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same period in the previous year, the company posted $99.89 EPS. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that NVR, Inc. will post 493.93 EPS for the current year.

NVR announced that its Board of Directors has approved a stock buyback plan on Tuesday, May 7th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase up to 3.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at NVR

In other news, Director David A. Preiser sold 500 shares of NVR stock in a transaction on Monday, April 29th. The shares were sold at an average price of $7,586.21, for a total transaction of $3,793,105.00. Following the transaction, the director now owns 239 shares in the company, valued at approximately $1,813,104.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other NVR news, Director David A. Preiser sold 500 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $7,586.21, for a total value of $3,793,105.00. Following the completion of the sale, the director now owns 239 shares in the company, valued at $1,813,104.19. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $7,700.00, for a total value of $1,540,000.00. Following the transaction, the chief accounting officer now directly owns 230 shares in the company, valued at $1,771,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,600 shares of company stock valued at $12,233,609. Insiders own 7.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. StockNews.com raised NVR from a “hold” rating to a “buy” rating in a research report on Wednesday, April 24th. UBS Group raised their price target on shares of NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th.

NVR 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.