NVR, Inc. (NYSE:NVR) Stake Lessened by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in shares of NVR, Inc. (NYSE:NVR) by 7.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 26,550 shares of the construction company’s stock after selling 2,121 shares during the quarter. Thrivent Financial for Lutherans’ holdings in NVR were worth $217,150,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Private Trust Co. NA boosted its position 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 purchasing an additional 2 shares during the period. GAMMA Investing LLC lifted its stake in shares of 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 buying an additional 2 shares during the last quarter. Crestmont Private Wealth LLC boosted its holdings in shares of NVR by 3.9% during the 4th quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company’s stock worth $433,000 after buying an additional 2 shares during the period. Lakewood Asset Management LLC grew its stake in NVR by 0.5% in the 4th quarter. Lakewood Asset Management LLC now owns 392 shares of the construction company’s stock valued at $3,206,000 after buying an additional 2 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in NVR by 5.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 36 shares of the construction company’s stock valued at $294,000 after buying an additional 2 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NVR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. UBS Group increased their target price on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $9,356.67.

NVR Price Performance

Shares of NVR stock opened at $7,208.82 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. The company has a market cap of $21.55 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. The firm has a fifty day moving average price of $7,662.17 and a two-hundred day moving average price of $8,604.41. NVR, Inc. has a fifty-two week low of $7,015.00 and a fifty-two week high of $9,964.77.

NVR (NYSE:NVR) last released its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. Analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its board has initiated a stock buyback program on Wednesday, December 11th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to buy up to 2.8% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the transaction, the director now owns 1,050 shares in the company, valued at approximately $7,891,380. This represents a 11.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.00% of the stock is currently owned by company insiders.

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.