Broad Run Investment Management LLC Trims Holdings in NVR, Inc. (NYSE:NVR)

Broad Run Investment Management LLC lowered its stake in NVR, Inc. (NYSE:NVR) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,164 shares of the construction company’s stock after selling 26 shares during the quarter. NVR makes up 3.5% of Broad Run Investment Management LLC’s investment portfolio, making the stock its 13th largest position. Broad Run Investment Management LLC’s holdings in NVR were worth $25,878,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new position in NVR during the third quarter valued at approximately $49,000. Franklin Resources Inc. grew its position in shares of NVR by 23.3% during the 3rd quarter. Franklin Resources Inc. now owns 9,432 shares of the construction company’s stock valued at $91,796,000 after purchasing an additional 1,780 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of NVR by 18.8% in the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock worth $136,580,000 after purchasing an additional 2,206 shares during the period. GAMMA Investing LLC raised its position 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 in the last quarter. Finally, Everence Capital Management Inc. purchased a new position in NVR during the fourth quarter worth about $409,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Price Performance

Shares of NVR stock opened at $7,084.46 on Friday. The firm has a market capitalization of $21.03 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 2.39 and a beta of 1.07. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $9,964.77. The business’s 50-day moving average price is $7,200.74 and its 200-day moving average price is $8,127.96.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, April 22nd. The construction company reported $94.83 EPS for the quarter, missing the consensus estimate of $107.87 by ($13.04). NVR had a return on equity of 39.67% and a net margin of 16.34%. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Sell-side analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on NVR. JPMorgan Chase & Co. lowered 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 dropped their target price 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. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $9,023.33.

Insider Buying and Selling

In other 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 approximately $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.80% of the stock is owned by corporate 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.