FIL Ltd Decreases Holdings in NVR, Inc. (NYSE:NVR)

FIL Ltd reduced its position in NVR, Inc. (NYSE:NVR) by 65.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,601 shares of the construction company’s stock after selling 10,432 shares during the period. FIL Ltd owned approximately 0.18% of NVR worth $45,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new position in NVR in the fourth quarter valued at about $3,277,825,000. Norges Bank purchased a new position in shares of NVR in the fourth quarter worth approximately $295,643,000. JPMorgan Chase & Co. boosted its holdings in shares of NVR by 165.8% in the fourth quarter. JPMorgan Chase & Co. now owns 36,999 shares of the construction company’s stock worth $302,611,000 after buying an additional 23,079 shares during the last quarter. Corient Private Wealth LLC grew its position in NVR by 2,599.1% during the fourth quarter. Corient Private Wealth LLC now owns 8,988 shares of the construction company’s stock valued at $73,512,000 after buying an additional 8,655 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in NVR during the fourth quarter valued at approximately $37,942,000. Institutional investors own 83.67% of the company’s stock.

Insider Buying and Selling

In related news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. UBS Group boosted their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $9,356.67.

NVR Stock Performance

NVR opened at $7,008.76 on Friday. The company has a 50 day simple moving average of $7,274.19 and a two-hundred day simple moving average of $8,317.31. 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 firm has a market cap of $20.81 billion, a P/E ratio of 13.81, a PEG ratio of 2.39 and a beta of 1.07. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,964.77.

NVR (NYSE:NVR) last issued its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share 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%. Equities analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR Company 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.