Alliancebernstein L.P. Trims Holdings in NVR, Inc. (NYSE:NVR)

Alliancebernstein L.P. lowered its position in NVR, Inc. (NYSE:NVR - Free Report) by 23.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,170 shares of the construction company's stock after selling 2,509 shares during the period. Alliancebernstein L.P. owned about 0.27% of NVR worth $66,822,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Venator Management LLC raised its holdings in NVR by 2.6% in the 4th quarter. Venator Management LLC now owns 2,459 shares of the construction company's stock worth $20,112,000 after purchasing an additional 63 shares during the period. Brandywine Global Investment Management LLC increased its holdings in NVR by 62.4% in the 4th quarter. Brandywine Global Investment Management LLC now owns 4,079 shares of the construction company's stock worth $33,362,000 after acquiring an additional 1,568 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of NVR by 20.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 12,498 shares of the construction company's stock valued at $102,220,000 after purchasing an additional 2,124 shares during the period. Allianz SE purchased a new stake in shares of NVR during the fourth quarter worth about $2,527,000. Finally, Allstate Corp acquired a new position in shares of NVR during the 4th quarter worth about $712,000. Institutional investors and hedge funds own 83.67% of the company's stock.

NVR Price Performance

Shares of NVR stock traded down $74.05 on Tuesday, hitting $6,972.68. 6,007 shares of the company were exchanged, compared to its average volume of 21,943. NVR, Inc. has a 1-year low of $6,930.25 and a 1-year high of $9,964.77. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $20.70 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 2.39 and a beta of 1.07. The company has a 50-day moving average price of $7,380.69 and a 200 day moving average price of $8,393.91.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating the consensus estimate 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, sell-side analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its board has authorized a share repurchase program on Wednesday, December 11th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to purchase up to 2.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts have commented on NVR shares. UBS Group boosted their price objective on NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target 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 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 company presently has a consensus rating of "Hold" and an average target price of $9,356.67.

Insider Activity

In related news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly 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 SEC, which is accessible through this link. Corporate insiders own 7.00% of the company's stock.

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.