Spire Wealth Management Reduces Position in NVR, Inc. (NYSE:NVR)

Spire Wealth Management reduced its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 62.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52 shares of the construction company's stock after selling 88 shares during the period. Spire Wealth Management's holdings in NVR were worth $425,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NVR. International Assets Investment Management LLC raised its stake in NVR by 1,100,012.1% in the third quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company's stock worth $3,562,046,000 after buying an additional 363,004 shares in the last quarter. Jennison Associates LLC bought a new position in shares of NVR during the third quarter valued at approximately $348,545,000. Mizuho Securities USA LLC increased its stake in shares of NVR by 6,454.8% during the third quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company's stock valued at $162,071,000 after purchasing an additional 16,266 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of NVR by 254.1% during the third quarter. Assenagon Asset Management S.A. now owns 8,867 shares of the construction company's stock valued at $87,001,000 after purchasing an additional 6,363 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of NVR by 299.9% during the third quarter. KBC Group NV now owns 5,622 shares of the construction company's stock valued at $55,162,000 after purchasing an additional 4,216 shares in the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Stock Down 2.3 %

Shares of NVR traded down $179.24 on Friday, hitting $7,560.51. 29,673 shares of the stock traded hands, compared to its average volume of 25,530. The company has a market capitalization of $23.14 billion, a PE ratio of 14.90, a P/E/G ratio of 2.51 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.54 and a current ratio of 6.21. The business has a 50 day simple moving average of $8,288.68 and a 200 day simple moving average of $8,857.14. NVR, Inc. has a one year low of $7,227.09 and a one year high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (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%. As a group, equities analysts forecast that NVR, Inc. will post 512.33 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has initiated a stock buyback program on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 2.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NVR shares. UBS Group raised their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. 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. Finally, Seaport Res Ptn downgraded shares of 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. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $9,356.67.

About NVR

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.