Thrivent Financial for Lutherans Lowers Stock Position in NVR, Inc. (NYSE:NVR)

Thrivent Financial for Lutherans lowered its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,550 shares of the construction company's stock after selling 2,121 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.87% of NVR worth $217,150,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Freemont Management S.A. bought a new position in shares of NVR during the 4th quarter worth approximately $2,454,000. Signaturefd LLC raised its stake in shares of NVR by 8.0% during the 4th quarter. Signaturefd LLC now owns 27 shares of the construction company's stock worth $221,000 after acquiring an additional 2 shares in the last quarter. Cibc World Markets Corp raised its stake in shares of NVR by 13.5% during the 4th quarter. Cibc World Markets Corp now owns 497 shares of the construction company's stock worth $4,065,000 after acquiring an additional 59 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of NVR by 2,599.1% during the 4th 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, Hughes Financial Services LLC bought a new position in shares of NVR during the 4th quarter worth approximately $229,000. Institutional investors own 83.67% of the company's stock.

Insider Activity

In other news, Director Thomas D. Eckert sold 143 shares of the company's stock in a transaction on 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 sale, the director now directly owns 1,050 shares of the company's stock, valued at $7,891,380. This represents a 11.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.00% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms recently commented on NVR. JPMorgan Chase & Co. reduced 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 research note on Wednesday, January 29th. UBS Group upped their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $9,356.67.

NVR Stock Performance

NVR stock traded down $106.70 during mid-day trading on Friday, reaching $7,181.22. 62,749 shares of the company traded hands, compared to its average volume of 21,024. 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, Inc. has a fifty-two week low of $7,015.00 and a fifty-two week high of $9,964.77. The company has a market capitalization of $21.47 billion, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. The firm's fifty day moving average is $7,606.71 and its two-hundred day moving average is $8,558.41.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its board has approved a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 2.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

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.