Artisan Partners Limited Partnership Sells 14,138 Shares of NVR, Inc. (NYSE:NVR)

Artisan Partners Limited Partnership cut its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 60.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,420 shares of the construction company's stock after selling 14,138 shares during the quarter. Artisan Partners Limited Partnership owned about 0.31% of NVR worth $77,045,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cerity Partners LLC increased its stake in NVR by 66.5% in the third quarter. Cerity Partners LLC now owns 358 shares of the construction company's stock valued at $3,513,000 after acquiring an additional 143 shares during the period. Private Trust Co. NA grew its position in shares of NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock worth $49,000 after buying an additional 2 shares during the period. Quantbot Technologies LP bought a new position in shares of NVR in the third quarter valued at approximately $59,000. Brooklyn Investment Group purchased a new position in NVR during the third quarter valued at approximately $137,000. Finally, Townsquare Capital LLC bought a new stake in shares of NVR in the 3rd quarter valued at about $353,000. Institutional investors and hedge funds own 83.67% of the company's stock.

Insider Buying and Selling at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the business's 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 transaction of $1,074,730.80. Following the completion of the transaction, the director now directly owns 1,050 shares in the company, valued at $7,891,380. The trade was 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. Insiders own 7.00% of the company's stock.

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Analyst Upgrades and Downgrades

NVR has been the subject of a number of recent analyst reports. UBS Group upped 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 assigned a buy rating to the company's stock. According to MarketBeat.com, NVR has a consensus rating of "Hold" and an average price target of $9,356.67.

NVR Stock Performance

Shares of NVR stock traded down $41.02 on Tuesday, reaching $7,203.37. 17,766 shares of the company were exchanged, compared to its average volume of 21,788. The company's 50-day moving average is $7,469.38 and its two-hundred day moving average is $8,458.57. The firm has a market cap of $21.39 billion, a price-to-earnings ratio of 14.19, a P/E/G ratio of 2.39 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. NVR, Inc. has a 1-year low of $7,015.00 and a 1-year high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last announced its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, research analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

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

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.