Bessemer Group Inc. Reduces Stock Holdings in NVR, Inc. (NYSE:NVR)

Bessemer Group Inc. lowered its stake in shares of NVR, Inc. (NYSE:NVR) by 45.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 713 shares of the construction company’s stock after selling 590 shares during the quarter. Bessemer Group Inc.’s holdings in NVR were worth $5,832,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NVR. Peak Financial Advisors LLC purchased a new stake in shares of NVR in the fourth quarter valued at $1,235,000. JPMorgan Chase & Co. grew its holdings in NVR by 18.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock valued at $136,580,000 after purchasing an additional 2,206 shares during the last quarter. OLD Mission Capital LLC purchased a new stake in NVR in the 4th quarter worth about $1,701,000. Markel Group Inc. lifted its stake in NVR by 0.9% in the fourth quarter. Markel Group Inc. now owns 11,814 shares of the construction company’s stock worth $96,626,000 after purchasing an additional 110 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of NVR by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company’s stock valued at $171,266,000 after buying an additional 644 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Stock Performance

NVR stock opened at $7,208.31 on Friday. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,964.77. The company has a market capitalization of $21.40 billion, a PE ratio of 14.20, a P/E/G ratio of 2.39 and a beta of 1.07. The company has a 50 day moving average price of $7,262.85 and a 200-day moving average price of $8,301.28. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18.

NVR (NYSE:NVR) last issued its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating analysts’ consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. As a group, equities analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NVR. JPMorgan Chase & Co. reduced their price target on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. UBS Group lifted 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. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $9,356.67.

Insider Activity at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the transaction, the director now owns 1,050 shares in the company, valued at $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.00% of the stock is currently owned by corporate insiders.

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.