Sequoia Financial Advisors LLC Trims Stake in NVR, Inc. (NYSE:NVR)

Sequoia Financial Advisors LLC reduced its holdings in shares of NVR, Inc. (NYSE:NVR) by 21.3% in the first quarter, Holdings Channel reports. The institutional investor owned 37 shares of the construction company’s stock after selling 10 shares during the period. Sequoia Financial Advisors LLC’s holdings in NVR were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NVR. Vanguard Group Inc. increased its stake in shares of 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 purchasing an additional 1,147 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of 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 purchasing an additional 159,358 shares in the last quarter. Capital Research Global Investors increased its stake in shares of 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 purchasing an additional 11,274 shares in the last quarter. Siemens Fonds Invest GmbH increased its stake in shares of NVR by 116,808.2% in the fourth quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company’s stock worth $468,528,000 after purchasing an additional 57,236 shares in the last quarter. Finally, Boston Partners increased its stake in shares of NVR by 3.2% in the fourth quarter. Boston Partners now owns 51,844 shares of the construction company’s stock worth $424,066,000 after purchasing an additional 1,605 shares in the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NVR. UBS Group reduced their price objective on shares of 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. Wall Street Zen cut shares of NVR from a “hold” rating to a “sell” rating in a research note on Monday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9,023.33.

NVR Stock Performance

NVR opened at $7,623.24 on Friday. The stock has a market capitalization of $22.26 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 4.23 and a beta of 0.99. The company has a fifty day moving average of $7,203.27 and a 200 day moving average of $7,455.84. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,964.77. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.02 and a current ratio of 5.37.

NVR (NYSE:NVR) last posted its 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 company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.35 billion. NVR had a net margin of 15.33% and a return on equity of 38.32%. As a group, sell-side analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

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

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.