FMR LLC trimmed its stake in NVR, Inc. (NYSE:NVR - Free Report) by 13.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,139 shares of the construction company's stock after selling 4,511 shares during the period. FMR LLC owned approximately 0.95% of NVR worth $238,321,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Unigestion Holding SA purchased a new position in shares of NVR during the fourth quarter worth about $8,980,000. Aristides Capital LLC boosted its position in shares of NVR by 13.2% in the 4th quarter. Aristides Capital LLC now owns 86 shares of the construction company's stock valued at $703,000 after purchasing an additional 10 shares during the period. Federated Hermes Inc. boosted its position in shares of NVR by 13.9% in the 4th quarter. Federated Hermes Inc. now owns 3,585 shares of the construction company's stock valued at $29,321,000 after purchasing an additional 438 shares during the period. Quadrant Capital Group LLC grew its stake in NVR by 11.1% during the 4th quarter. Quadrant Capital Group LLC now owns 20 shares of the construction company's stock worth $164,000 after buying an additional 2 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its position in NVR by 3.9% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 107 shares of the construction company's stock worth $875,000 after buying an additional 4 shares during the period. 83.67% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, Director Thomas D. Eckert sold 143 shares of the company's 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 sale, the director now owns 1,050 shares of the company's stock, valued at approximately $7,891,380. This represents a 11.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 7.00% of the company's stock.
Wall Street Analyst Weigh In
NVR has been the topic of a number of recent research reports. UBS Group lifted their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. Four equities 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, NVR currently has an average rating of "Hold" and a consensus target price of $9,356.67.
Check Out Our Latest Research Report on NVR
NVR Price Performance
NVR stock traded down $18.68 during midday trading on Tuesday, hitting $7,222.31. 22,598 shares of the stock were exchanged, compared to its average volume of 22,213. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The stock has a market cap of $21.44 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 2.39 and a beta of 1.07. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,964.77. The stock's 50-day moving average price is $7,252.16 and its 200-day moving average price is $8,274.97.
NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings data 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%. Research analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.
NVR Profile
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Free Report)
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.
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