abrdn plc Sells 129 Shares of NVR, Inc. (NYSE:NVR)

abrdn plc cut its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 17.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 628 shares of the construction company's stock after selling 129 shares during the quarter. abrdn plc's holdings in NVR were worth $5,145,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. acquired a new stake in shares of NVR during the 3rd quarter valued at about $39,000. JPMorgan Chase & Co. increased its stake in NVR by 18.8% during the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company's stock valued at $136,580,000 after acquiring an additional 2,206 shares during the period. Peak Financial Advisors LLC bought a new position in NVR during the fourth quarter valued at about $1,235,000. Intech Investment Management LLC bought a new position in NVR during the third quarter valued at about $9,341,000. Finally, Brown Brothers Harriman & Co. increased its stake in NVR by 11.0% during the third quarter. Brown Brothers Harriman & Co. now owns 2,514 shares of the construction company's stock valued at $24,667,000 after acquiring an additional 250 shares during the period. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on 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. StockNews.com lowered NVR from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Bank of America lowered their price objective on NVR from $10,800.00 to $10,600.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. Seaport Res Ptn lowered NVR from a "strong-buy" rating to a "hold" rating in a research note on Sunday, November 10th. Finally, UBS Group upped their price objective on 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $9,356.67.

NVR Price Performance

NYSE NVR traded up $36.07 during trading hours on Thursday, reaching $7,336.44. 25,720 shares of the company's stock were exchanged, compared to its average volume of 26,806. The stock has a market cap of $22.45 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 2.51 and a beta of 1.20. NVR, Inc. has a one year low of $7,227.09 and a one year high of $9,964.77. The firm has a fifty day moving average of $8,153.80 and a 200-day moving average of $8,824.52. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21.

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 (EPS) for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.58% and a net margin of 16.34%. On average, equities research analysts predict that NVR, Inc. will post 512.33 earnings per share for the current fiscal year.

NVR announced that its board has approved a share buyback plan on Wednesday, December 11th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to buy up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction 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 transaction, the director now 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 document filed with the SEC, which is available through this hyperlink. Company insiders own 7.00% of the company's stock.

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.