Marks Group Wealth Management Inc Purchases 10 Shares of NVR, Inc. (NYSE:NVR)

Marks Group Wealth Management Inc grew its position in shares of NVR, Inc. (NYSE:NVR) by 1.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 567 shares of the construction company’s stock after buying an additional 10 shares during the quarter. Marks Group Wealth Management Inc’s holdings in NVR were worth $4,637,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NVR. Blue Trust Inc. purchased a new stake in shares of NVR during the third quarter valued at approximately $39,000. Rakuten Securities Inc. bought a new position in NVR in the 3rd quarter valued at $39,000. Private Trust Co. NA increased its position in shares of NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after purchasing an additional 2 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of NVR during the 3rd quarter valued at $49,000. Finally, Quantbot Technologies LP bought a new stake in shares of NVR during the 3rd quarter worth $59,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analysts Set New Price Targets

NVR has been the subject of several research reports. Bank of America reduced their price target on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. UBS Group lifted their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Finally, Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $9,356.67.

NVR Price Performance

Shares of NYSE:NVR opened at $7,483.53 on Wednesday. The company has a 50-day moving average price of $8,221.46 and a two-hundred day moving average price of $8,845.75. NVR, Inc. has a twelve month low of $7,227.09 and a twelve month high of $9,964.77. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $22.90 billion, a PE ratio of 14.74, a P/E/G ratio of 2.51 and a beta of 1.20.

NVR (NYSE:NVR) last released its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.58%. Equities analysts forecast that NVR, Inc. will post 512.33 EPS for the current year.

NVR announced that its board has initiated a share repurchase plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is 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.