Bar Harbor Wealth Management Purchases 5 Shares of NVR, Inc. (NYSE:NVR)

Bar Harbor Wealth Management lifted its position in NVR, Inc. (NYSE:NVR) by 16.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35 shares of the construction company’s stock after acquiring an additional 5 shares during the quarter. Bar Harbor Wealth Management’s holdings in NVR were worth $254,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC raised its holdings in shares of NVR by 4.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 47 shares of the construction company’s stock valued at $384,000 after acquiring an additional 2 shares in the last quarter. Signaturefd LLC raised its holdings in shares of NVR by 8.0% in the fourth quarter. Signaturefd LLC now owns 27 shares of the construction company’s stock valued at $221,000 after acquiring an additional 2 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in NVR by 11.1% in the fourth quarter. Quadrant Capital Group LLC now owns 20 shares of the construction company’s stock worth $164,000 after purchasing an additional 2 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its position in shares of NVR by 1.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 177 shares of the construction company’s stock valued at $1,282,000 after buying an additional 2 shares during the last quarter. Finally, Peak Financial Advisors LLC lifted its position in shares of NVR by 1.3% during the first quarter. Peak Financial Advisors LLC now owns 153 shares of the construction company’s stock valued at $1,108,000 after buying an additional 2 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

NVR Stock Performance

NVR opened at $7,216.34 on Friday. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The company has a market cap of $21.10 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 2.39 and a beta of 0.99. The firm’s 50-day moving average price is $7,150.07 and its 200-day moving average price is $7,617.35.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, April 22nd. The construction company reported $94.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $107.87 by ($13.04). NVR had a net margin of 16.34% and a return on equity of 39.67%. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. As a group, equities analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its board has initiated a stock buyback plan on Tuesday, May 6th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts have commented on NVR shares. Wall Street Zen lowered shares of NVR from a “hold” rating to a “sell” rating in a research report on Saturday. UBS Group decreased their price target on shares of NVR from $8,900.00 to $7,900.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $9,023.33.

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.