Capital Wealth Alliance LLC Reduces Holdings in NVR, Inc. (NYSE:NVR)

Capital Wealth Alliance LLC cut its holdings in shares of NVR, Inc. (NYSE:NVR) by 23.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35 shares of the construction company’s stock after selling 11 shares during the quarter. Capital Wealth Alliance LLC’s holdings in NVR were worth $286,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in NVR. Cetera Investment Advisers increased its stake in NVR by 44.9% during the second quarter. Cetera Investment Advisers now owns 284 shares of the construction company’s stock valued at $2,155,000 after purchasing an additional 88 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of NVR during the second quarter valued at approximately $689,000. CWM LLC raised its position in shares of NVR by 40.0% during the 3rd quarter. CWM LLC now owns 21 shares of the construction company’s stock worth $206,000 after purchasing an additional 6 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of NVR by 200.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 15 shares of the construction company’s stock worth $147,000 after purchasing an additional 10 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in NVR by 13.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 34 shares of the construction company’s stock valued at $334,000 after purchasing an additional 4 shares during the period. 83.67% of the stock is currently owned by institutional investors.

NVR Price Performance

NYSE NVR opened at $7,508.01 on Tuesday. NVR, Inc. has a 12 month low of $7,227.09 and a 12 month high of $9,964.77. The firm has a market capitalization of $22.97 billion, a PE ratio of 14.79, a P/E/G ratio of 2.51 and a beta of 1.20. The company’s 50 day simple moving average is $8,255.24 and its 200 day simple moving average is $8,853.62. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54.

NVR (NYSE:NVR) last issued its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.58% and a net margin of 16.34%. As a group, equities research analysts forecast that NVR, Inc. will post 512.33 EPS for the current fiscal year.

NVR announced that its board has approved a share repurchase plan on Wednesday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to purchase up to 2.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

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

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.