Dock Street Asset Management Inc. Sells 195 Shares of NVR, Inc. (NYSE:NVR)

Dock Street Asset Management Inc. lessened its position in NVR, Inc. (NYSE:NVR - Free Report) by 9.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,837 shares of the construction company's stock after selling 195 shares during the period. NVR makes up 1.8% of Dock Street Asset Management Inc.'s portfolio, making the stock its 18th biggest position. Dock Street Asset Management Inc. owned approximately 0.06% of NVR worth $15,025,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NVR. Blue Trust Inc. acquired a new position in shares of NVR during the third quarter valued at approximately $39,000. Rakuten Securities Inc. acquired a new position in shares of NVR during the 3rd quarter valued at $39,000. Private Trust Co. NA raised its stake in shares of NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock worth $49,000 after buying an additional 2 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of NVR in the third quarter valued at $49,000. Finally, Quantbot Technologies LP bought a new position in NVR during the third quarter valued at about $59,000. Institutional investors own 83.67% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. 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 report on Wednesday, January 29th. Seaport Res Ptn cut NVR from a "strong-buy" rating to a "hold" rating in a research note on Sunday, November 10th. UBS Group raised their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Bank of America lowered their price target on shares of NVR from $10,800.00 to $10,600.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. Finally, StockNews.com lowered shares of NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $9,356.67.

NVR Stock Performance

NVR stock traded down $18.02 during mid-day trading on Tuesday, reaching $7,499.98. The company had a trading volume of 11,336 shares, compared to its average volume of 26,984. The company has a 50 day moving average of $8,255.24 and a 200-day moving average of $8,853.62. NVR, Inc. has a 52 week low of $7,227.09 and a 52 week high of $9,964.77. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The firm has a market cap of $22.95 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 2.51 and a beta of 1.20.

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 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, sell-side analysts expect that NVR, Inc. will post 512.33 EPS for the current fiscal year.

NVR announced that its board has authorized a stock 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 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.