HighTower Advisors LLC Sells 71 Shares of NVR, Inc. (NYSE:NVR)

HighTower Advisors LLC trimmed its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 6.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,019 shares of the construction company's stock after selling 71 shares during the quarter. HighTower Advisors LLC's holdings in NVR were worth $8,334,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NVR. Proficio Capital Partners LLC bought a new stake in NVR in the 4th quarter worth about $3,277,825,000. Jennison Associates LLC bought a new stake in NVR in the 3rd quarter worth about $348,545,000. Raymond James Financial Inc. bought a new stake in NVR in the 4th quarter worth about $37,942,000. Amundi increased its holdings in NVR by 82.9% in the 4th quarter. Amundi now owns 9,131 shares of the construction company's stock worth $73,102,000 after buying an additional 4,139 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in NVR by 53.8% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 10,690 shares of the construction company's stock worth $104,888,000 after buying an additional 3,741 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

NVR Price Performance

NYSE NVR traded down $106.70 during trading hours on Friday, reaching $7,181.22. The company's stock had a trading volume of 62,746 shares, compared to its average volume of 28,464. The firm's 50-day moving average price is $7,619.69 and its 200-day moving average price is $8,572.24. 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 1 year low of $7,015.00 and a 1 year high of $9,964.77. The company has a market capitalization of $21.47 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 2.39 and a beta of 1.25.

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NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, topping analysts' consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. On average, equities research analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its board has initiated a share buyback program on Wednesday, December 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 2.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling

In other NVR news, Director Thomas D. Eckert sold 143 shares of NVR 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 $7,891,380. The trade was a 11.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 7.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. 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 report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their target price on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $9,356.67.

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.