Bradley Foster & Sargent Inc. CT Sells 83 Shares of NVR, Inc. (NYSE:NVR)

Bradley Foster & Sargent Inc. CT decreased its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 893 shares of the construction company's stock after selling 83 shares during the quarter. Bradley Foster & Sargent Inc. CT's holdings in NVR were worth $7,304,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in NVR by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company's stock valued at $437,882,000 after buying an additional 1,549 shares in the last quarter. Jennison Associates LLC boosted its position in shares of NVR by 5.7% during the fourth quarter. Jennison Associates LLC now owns 37,550 shares of the construction company's stock worth $307,118,000 after acquiring an additional 2,027 shares during the last quarter. Smead Capital Management Inc. grew its stake in NVR by 3.5% during the third quarter. Smead Capital Management Inc. now owns 36,218 shares of the construction company's stock valued at $355,365,000 after acquiring an additional 1,223 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in NVR by 8.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 27,282 shares of the construction company's stock valued at $267,686,000 after acquiring an additional 2,045 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in NVR by 1.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 16,702 shares of the construction company's stock worth $163,877,000 after purchasing an additional 170 shares in the last quarter. Institutional investors own 83.67% of the company's stock.

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Insider Buying and Selling

In other NVR news, Director Thomas D. Eckert sold 143 shares of the firm's 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 sale, the director now owns 1,050 shares of the company's stock, valued at $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 7.00% of the stock is owned by corporate insiders.

NVR Trading Down 1.9 %

NVR stock traded down $142.51 during midday trading on Wednesday, reaching $7,192.89. 29,526 shares of the company traded hands, compared to its average volume of 27,490. The firm has a market capitalization of $21.51 billion, a price-to-earnings ratio of 14.17, a P/E/G ratio of 2.39 and a beta of 1.20. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The business has a 50 day moving average of $7,907.73 and a 200-day moving average of $8,759.70. NVR, Inc. has a 52-week low of $7,015.00 and a 52-week high of $9,964.77.

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, 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%. As a group, sell-side analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 11th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NVR shares. JPMorgan Chase & Co. reduced their target price on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. Seaport Res Ptn downgraded NVR from a "strong-buy" rating to a "hold" rating in a research note on Sunday, November 10th. StockNews.com downgraded NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Finally, UBS Group boosted their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a research report 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $9,356.67.

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.