Distillate Capital Partners LLC Increases Stock Position in NVR, Inc. (NYSE:NVR)

Distillate Capital Partners LLC grew its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 17.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,100 shares of the construction company's stock after acquiring an additional 305 shares during the period. Distillate Capital Partners LLC owned about 0.07% of NVR worth $17,176,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of NVR. Sterling Capital Management LLC grew its holdings in NVR by 55.0% during the fourth quarter. Sterling Capital Management LLC now owns 172 shares of the construction company's stock valued at $1,407,000 after purchasing an additional 61 shares during the period. Family Office Research LLC bought a new position in shares of NVR during the 4th quarter worth $450,000. Paralel Advisors LLC increased its holdings in NVR by 11.4% in the 4th quarter. Paralel Advisors LLC now owns 313 shares of the construction company's stock worth $2,560,000 after acquiring an additional 32 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in NVR by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 1,266 shares of the construction company's stock worth $10,354,000 after acquiring an additional 12 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in NVR in the 4th quarter valued at about $37,942,000. Hedge funds and other institutional investors own 83.67% of the company's stock.

Wall Street Analyst Weigh In

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

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NVR Price Performance

NYSE NVR traded down $18.68 during trading hours on Tuesday, hitting $7,222.31. The company had a trading volume of 22,598 shares, compared to its average volume of 22,201. The firm has a 50 day simple moving average of $7,241.87 and a 200 day simple moving average of $8,267.66. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77. The firm has a market capitalization of $21.44 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 2.39 and a beta of 1.07. 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 (NYSE:NVR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating 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 research analysts expect that NVR, Inc. will post 505.2 earnings per share for the current year.

Insider Activity

In related news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction 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 sale, the director now owns 1,050 shares in the company, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 7.00% of the company's stock.

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.