Bridgewater Associates LP Raises Stock Position in NVR, Inc. (NYSE:NVR)

Bridgewater Associates LP grew its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 214.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,517 shares of the construction company's stock after acquiring an additional 1,035 shares during the period. Bridgewater Associates LP's holdings in NVR were worth $12,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of NVR. Proficio Capital Partners LLC bought a new stake in NVR during the fourth quarter valued at about $3,277,825,000. Norges Bank purchased a new position in shares of NVR during the 4th quarter valued at about $295,643,000. JPMorgan Chase & Co. grew its stake in shares of NVR by 165.8% during the 4th quarter. JPMorgan Chase & Co. now owns 36,999 shares of the construction company's stock valued at $302,611,000 after acquiring an additional 23,079 shares during the period. Corient Private Wealth LLC increased its holdings in NVR by 2,599.1% in the 4th quarter. Corient Private Wealth LLC now owns 8,988 shares of the construction company's stock worth $73,512,000 after acquiring an additional 8,655 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in NVR during the 4th quarter worth approximately $37,942,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Thomas D. Eckert sold 143 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was 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 $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 7.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on NVR shares. UBS Group upped their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their target price on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, NVR currently has a consensus rating of "Hold" and an average price target of $9,356.67.

NVR Price Performance

NVR stock traded up $143.68 during midday trading on Friday, hitting $7,188.69. The company's stock had a trading volume of 23,350 shares, compared to its average volume of 22,196. The company has a quick ratio of 3.69, a current ratio of 6.18 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 company has a 50 day moving average of $7,219.56 and a two-hundred day moving average of $8,212.11. The firm has a market capitalization of $21.34 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 2.39 and a beta of 1.07.

NVR (NYSE:NVR - Get Free Report) last released its earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS 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%. On average, analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

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.