First Trust Advisors LP Has $23.88 Million Stake in NVR, Inc. (NYSE:NVR)

First Trust Advisors LP lessened its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 9.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,920 shares of the construction company's stock after selling 310 shares during the period. First Trust Advisors LP owned 0.10% of NVR worth $23,883,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of NVR. Peak Financial Advisors LLC bought a new position in shares of NVR in the fourth quarter worth about $1,235,000. JPMorgan Chase & Co. lifted its holdings in shares of NVR by 18.8% in the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company's stock worth $136,580,000 after acquiring an additional 2,206 shares during the last quarter. OLD Mission Capital LLC bought a new position in shares of NVR in the fourth quarter worth about $1,701,000. Markel Group Inc. lifted its holdings in shares of NVR by 0.9% in the fourth quarter. Markel Group Inc. now owns 11,814 shares of the construction company's stock worth $96,626,000 after acquiring an additional 110 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of NVR by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company's stock worth $171,266,000 after acquiring an additional 644 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NVR shares. UBS Group dropped 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 report on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their price objective 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 research 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, the company has an average rating of "Hold" and an average target price of $9,023.33.

Insiders Place Their Bets

In other NVR news, Director Thomas D. Eckert sold 143 shares of the firm'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 owns 1,050 shares in the company, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.00% of the company's stock.

NVR Trading Up 0.9 %

NYSE NVR traded up $61.03 during trading hours on Tuesday, reaching $7,101.38. The company's stock had a trading volume of 15,218 shares, compared to its average volume of 22,180. The firm has a fifty day simple moving average of $7,198.76 and a 200-day simple moving average of $8,101.06. The stock has a market cap of $21.08 billion, a P/E ratio of 13.99, a P/E/G ratio of 2.39 and a beta of 1.07. NVR, Inc. has a 52 week low of $6,562.85 and a 52 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 quarterly 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 return on equity of 39.67% and a net margin of 16.34%. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.35 billion. Equities analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR 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.