Capital Wealth Alliance LLC Sells 11 Shares of NVR, Inc. (NYSE:NVR)

Capital Wealth Alliance LLC lowered its holdings in shares of NVR, Inc. (NYSE:NVR) by 23.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NVR shares. Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Bank of America dropped 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 report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced 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. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, UBS Group upped their price target on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $9,356.67.

NVR Stock Performance

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

NVR (NYSE:NVR) last announced its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 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, research 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 share repurchase program on Wednesday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to buy up to 2.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership 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.