Braun Bostich & Associates Inc. Has $2.80 Million Position in NVR, Inc. (NYSE:NVR)

Braun Bostich & Associates Inc. trimmed its position in shares of NVR, Inc. (NYSE:NVR) by 5.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 386 shares of the construction company’s stock after selling 24 shares during the quarter. NVR accounts for approximately 2.1% of Braun Bostich & Associates Inc.’s portfolio, making the stock its 13th largest holding. Braun Bostich & Associates Inc.’s holdings in NVR were worth $2,796,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Proficio Capital Partners LLC bought a new stake in NVR in the 4th quarter valued at about $3,277,825,000. Vanguard Group Inc. boosted its stake in NVR by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 342,460 shares of the construction company’s stock worth $2,800,946,000 after buying an additional 1,147 shares in the last quarter. GAMMA Investing LLC boosted its stake in NVR by 838,726.3% in the first quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company’s stock worth $1,154,589,000 after buying an additional 159,358 shares in the last quarter. Capital Research Global Investors boosted its stake in NVR by 11.7% in the fourth quarter. Capital Research Global Investors now owns 107,606 shares of the construction company’s stock worth $880,099,000 after buying an additional 11,274 shares in the last quarter. Finally, Siemens Fonds Invest GmbH raised its holdings in NVR by 116,808.2% during the 4th 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. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Stock Performance

Shares of NVR stock opened at $7,298.43 on Thursday. The business’s fifty day simple moving average is $7,132.85 and its 200-day simple moving average is $7,644.39. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The firm has a market cap of $21.34 billion, a PE ratio of 14.38, a price-to-earnings-growth 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 for the quarter, missing analysts’ consensus estimates of $107.87 by ($13.04). The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. NVR had a return on equity of 39.67% and a net margin of 16.34%. Equities analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

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

Wall Street Analyst Weigh In

Several brokerages have commented on NVR. 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 report on Wednesday, April 23rd. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 24th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $9,023.33.

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.