NVR, Inc. (NYSE:NVR) Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its position in NVR, Inc. (NYSE:NVR - Free Report) by 18.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,314 shares of the construction company's stock after selling 4,890 shares during the quarter. Legal & General Group Plc owned 0.70% of NVR worth $174,325,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NVR. Proficio Capital Partners LLC acquired a new stake in NVR during the 4th quarter valued at $3,277,825,000. Norges Bank acquired a new stake in shares of NVR during the fourth quarter valued at about $295,643,000. JPMorgan Chase & Co. increased its position in shares of NVR by 165.8% during the fourth quarter. JPMorgan Chase & Co. now owns 36,999 shares of the construction company's stock worth $302,611,000 after acquiring an additional 23,079 shares during the last quarter. Corient Private Wealth LLC lifted its stake in shares of NVR by 2,599.1% in the fourth quarter. Corient Private Wealth LLC now owns 8,988 shares of the construction company's stock worth $73,512,000 after acquiring an additional 8,655 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in NVR in the fourth quarter valued at about $37,942,000. Hedge funds and other institutional investors own 83.67% of the company's stock.

Insider Activity

In other NVR news, Director Thomas D. Eckert sold 143 shares of the business's stock in a transaction dated 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 directly 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 document filed with the SEC, which is available at this hyperlink. Corporate insiders own 7.00% of the company's stock.

Analysts Set New Price Targets

NVR has been the topic of several analyst reports. UBS Group lifted their price objective on NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. reduced 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 assigned a buy rating to the company. Based on data from MarketBeat, NVR currently has an average rating of "Hold" and an average price target of $9,356.67.

NVR Stock Performance

Shares of NVR stock traded down $25.97 on Tuesday, hitting $7,215.01. 5,297 shares of the stock traded hands, compared to its average volume of 27,338. The company's fifty day moving average is $7,252.16 and its 200 day moving average is $8,274.97. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,964.77. The company has a market capitalization of $21.42 billion, a PE ratio of 14.22, a PEG ratio of 2.39 and a beta of 1.07. 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 posted its quarterly earnings results 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%. On average, equities research analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR Company 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.