Point72 Asia Hong Kong Ltd boosted its stake in NVR, Inc. (NYSE:NVR) by 50.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108 shares of the construction company’s stock after buying an additional 36 shares during the period. Point72 Asia Hong Kong Ltd’s holdings in NVR were worth $302,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Moneta Group Investment Advisors LLC acquired a new stake in NVR in the first quarter worth $109,000. Macroview Investment Management LLC acquired a new stake in NVR in the first quarter worth $120,000. IBM Retirement Fund acquired a new stake in NVR in the first quarter worth $202,000. Commerce Bank acquired a new stake in NVR in the fourth quarter worth $207,000. Finally, Kovack Advisors Inc. acquired a new stake in NVR in the first quarter worth $207,000. 78.25% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have weighed in on NVR. ValuEngine raised NVR from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research raised NVR from a “hold” rating to a “buy” rating and set a $3,437.00 target price on the stock in a research report on Tuesday, March 27th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. NVR presently has a consensus rating of “Hold” and an average price target of $3,114.00.
Shares of NVR opened at $3,104.38 on Thursday, according to MarketBeat. The firm has a market cap of $11.45 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 1.01 and a beta of 0.64. The company has a current ratio of 3.52, a quick ratio of 1.33 and a debt-to-equity ratio of 0.41. NVR, Inc. has a one year low of $2,311.11 and a one year high of $3,700.00.
NVR (NYSE:NVR) last issued its quarterly earnings results on Thursday, April 19th. The construction company reported $39.34 EPS for the quarter, beating analysts’ consensus estimates of $31.44 by $7.90. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.43 billion. NVR had a return on equity of 42.40% and a net margin of 9.36%. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period last year, the company earned $25.12 earnings per share. sell-side analysts anticipate that NVR, Inc. will post 196 EPS for the current year.
NVR declared that its board has initiated a share repurchase program on Wednesday, February 14th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
NVR, Inc operates as a homebuilder in the United States. The company operates through four segments: Mid Atlantic, North East, Mid East, and South East. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names.
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