Gabelli Funds LLC Sells 50 Shares of NVR, Inc. (NYSE:NVR)

Gabelli Funds LLC reduced its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,050 shares of the construction company's stock after selling 50 shares during the period. Gabelli Funds LLC's holdings in NVR were worth $8,588,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in NVR in the third quarter worth $49,000. Franklin Resources Inc. grew its position in NVR by 23.3% during the 3rd quarter. Franklin Resources Inc. now owns 9,432 shares of the construction company's stock worth $91,796,000 after acquiring an additional 1,780 shares during the last quarter. JPMorgan Chase & Co. increased its stake in NVR by 18.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company's stock worth $136,580,000 after purchasing an additional 2,206 shares during the period. GAMMA Investing LLC lifted its position in NVR by 11.8% in the fourth quarter. GAMMA Investing LLC now owns 19 shares of the construction company's stock valued at $155,000 after purchasing an additional 2 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in shares of NVR during the fourth quarter valued at approximately $409,000. 83.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value 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. This trade represents a 11.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on NVR. JPMorgan Chase & Co. lowered their price target 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. UBS Group raised their target price 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. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $9,356.67.

NVR Trading Up 2.0 %

NYSE NVR traded up $143.68 during trading on Friday, hitting $7,188.69. The company had a trading volume of 23,350 shares, compared to its average volume of 22,196. The company's fifty day moving average is $7,219.56 and its 200-day moving average is $8,212.11. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. The company has a market cap 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 posted its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. On average, sell-side analysts predict that NVR, Inc. will post 505.2 earnings per share for the current 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.