NVR, Inc. (NYSE:NVR) Shares Acquired by Salvus Wealth Management LLC

Salvus Wealth Management LLC raised its holdings in shares of NVR, Inc. (NYSE:NVR) by 0.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 338 shares of the construction company’s stock after buying an additional 2 shares during the period. NVR comprises 1.5% of Salvus Wealth Management LLC’s investment portfolio, making the stock its 18th largest position. Salvus Wealth Management LLC’s holdings in NVR were worth $2,449,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. JDM Financial Group LLC purchased a new position in shares of NVR in the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC lifted its stake in NVR by 150.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock worth $41,000 after purchasing an additional 3 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of NVR by 75.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock worth $57,000 after purchasing an additional 3 shares during the period. Franchise Capital Ltd bought a new position in shares of NVR in the 1st quarter worth about $51,000. Finally, Wilmington Savings Fund Society FSB grew its position in shares of NVR by 60.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 8 shares of the construction company’s stock valued at $65,000 after buying an additional 3 shares during the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on NVR shares. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 24th. UBS Group lowered their price objective 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 analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $9,023.33.

NVR Stock Performance

Shares of NYSE NVR opened at $7,212.05 on Thursday. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The company has a market cap of $21.09 billion, a PE ratio of 14.21, a P/E/G ratio of 2.39 and a beta of 1.02. The stock has a 50 day simple moving average of $7,136.34 and a 200-day simple moving average of $7,704.36. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22.

NVR (NYSE:NVR) last issued its quarterly 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 firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. NVR had a net margin of 16.34% and a return on equity of 39.67%. On average, equities research analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its board has initiated a stock 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 usually a sign that the company’s board believes its shares are undervalued.

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.