Pinebridge Investments L.P. Purchases New Shares in NVR, Inc. (NYSE:NVR)

Pinebridge Investments L.P. purchased a new stake in shares of NVR, Inc. (NYSE:NVR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,706 shares of the construction company's stock, valued at approximately $13,953,000. Pinebridge Investments L.P. owned approximately 0.06% of NVR as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new position in NVR in the fourth quarter worth approximately $3,277,825,000. Vanguard Group Inc. raised its position 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 worth $2,800,946,000 after acquiring an additional 1,147 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of NVR by 11.7% during the 4th quarter. Capital Research Global Investors now owns 107,606 shares of the construction company's stock worth $880,099,000 after purchasing an additional 11,274 shares during the last quarter. Principal Financial Group Inc. boosted its position in NVR by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company's stock valued at $437,882,000 after purchasing an additional 1,549 shares in the last quarter. Finally, Boston Partners grew its stake in NVR by 3.2% in the fourth quarter. Boston Partners now owns 51,844 shares of the construction company's stock valued at $424,066,000 after purchasing an additional 1,605 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. UBS Group reduced their price objective on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. lowered their price objective on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, NVR currently has a consensus rating of "Hold" and an average target price of $9,023.33.

Insider Transactions at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction that occurred 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 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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.00% of the company's stock.

NVR Stock Performance

NVR stock traded down $12.42 during mid-day trading on Monday, reaching $7,059.00. 17,288 shares of the company traded hands, compared to its average volume of 22,208. The firm's fifty day moving average is $7,200.74 and its two-hundred day moving average is $8,118.37. The company has a market capitalization of $20.96 billion, a price-to-earnings ratio of 13.91, a price-to-earnings-growth ratio of 2.39 and a beta of 1.07. 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 debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69.

NVR (NYSE:NVR - Get Free Report) last released its earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $107.87 by ($13.04). NVR had a net margin of 16.34% and a return on equity of 39.67%. The firm had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. On average, equities research analysts expect 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.