Gabelli Funds LLC Decreases Holdings in NVR, Inc. (NYSE:NVR)

Gabelli Funds LLC trimmed its holdings in NVR, Inc. (NYSE:NVR) by 4.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,050 shares of the construction company’s stock after selling 50 shares during the quarter. Gabelli Funds LLC’s holdings in NVR were worth $8,588,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in NVR. Proficio Capital Partners LLC bought a new stake in NVR in the fourth quarter worth $3,277,825,000. Vanguard Group Inc. lifted its stake in shares of NVR by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 342,460 shares of the construction company’s stock valued at $2,800,946,000 after acquiring an additional 1,147 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in NVR by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company’s stock valued at $437,882,000 after acquiring an additional 1,549 shares during the period. Boston Partners grew its position in NVR by 3.2% during the 4th quarter. Boston Partners now owns 51,844 shares of the construction company’s stock worth $424,066,000 after acquiring an additional 1,605 shares during the last quarter. Finally, Invesco Ltd. increased its stake in NVR by 9.3% in the 4th quarter. Invesco Ltd. now owns 38,549 shares of the construction company’s stock worth $315,288,000 after purchasing an additional 3,268 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insiders Place Their Bets

In related news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 1,050 shares of the company’s stock, valued at $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NVR. UBS Group raised their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price target on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a 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, NVR has a consensus rating of “Hold” and an average price target of $9,356.67.

NVR Price Performance

Shares of NVR stock opened at $7,059.15 on Thursday. The business has a 50 day moving average of $7,231.84 and a 200 day moving average of $8,259.33. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77. The company has a market cap of $20.96 billion, a PE ratio of 13.91, a P/E/G ratio of 2.39 and a beta of 1.07. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22.

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 net margin of 16.34% and a return on equity of 39.67%. As a group, equities research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

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.