Marks Group Wealth Management Inc Has $4.64 Million Stock Holdings in NVR, Inc. (NYSE:NVR)

Marks Group Wealth Management Inc increased its holdings in shares of NVR, Inc. (NYSE:NVR) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 567 shares of the construction company’s stock after purchasing an additional 10 shares during the period. Marks Group Wealth Management Inc’s holdings in NVR were worth $4,637,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. IFM Investors Pty Ltd boosted its holdings in shares of NVR by 0.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 603 shares of the construction company’s stock worth $5,917,000 after buying an additional 2 shares in the last quarter. Metis Global Partners LLC lifted its position in shares of NVR by 1.8% during the 3rd quarter. Metis Global Partners LLC now owns 114 shares of the construction company’s stock valued at $1,119,000 after acquiring an additional 2 shares during the period. Private Trust Co. NA boosted its stake in NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after acquiring an additional 2 shares in the last quarter. GAMMA Investing LLC grew its holdings in NVR by 11.8% in the fourth quarter. GAMMA Investing LLC now owns 19 shares of the construction company’s stock worth $155,000 after purchasing an additional 2 shares during the period. Finally, Crestmont Private Wealth LLC increased its stake in NVR by 3.9% in the fourth quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company’s stock valued at $433,000 after purchasing an additional 2 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

NVR Trading Down 0.5 %

NVR opened at $7,483.53 on Wednesday. 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. 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, Inc. has a fifty-two week low of $7,227.09 and a fifty-two week high of $9,964.77. The company’s 50-day moving average is $8,221.46 and its 200 day moving average is $8,845.75.

NVR (NYSE:NVR) last issued 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 return on equity of 39.58% and a net margin of 16.34%. As a group, research analysts predict that NVR, Inc. will post 512.33 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has authorized a stock 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 management believes its shares are undervalued.

Wall Street Analyst Weigh In

NVR has been the topic of a number of research analyst reports. Bank of America cut their price objective on shares of 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. StockNews.com lowered NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. reduced their price objective on 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. UBS Group upped 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. 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 analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.