Rhumbline Advisers Lowers Stock Holdings in NVR, Inc. (NYSE:NVR)

Rhumbline Advisers lessened its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,232 shares of the construction company's stock after selling 127 shares during the quarter. Rhumbline Advisers owned approximately 0.20% of NVR worth $50,971,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several brokerages recently issued reports on NVR. StockNews.com lowered NVR from a "buy" rating to a "hold" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lowered their price objective on 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 report on Sunday, November 10th. Finally, UBS Group raised their price target 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. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, NVR has a consensus rating of "Hold" and a consensus price target of $9,356.67.

Insider Activity

In other NVR news, Director Thomas D. Eckert sold 143 shares of the company'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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 7.00% of the company's stock.

NVR Stock Down 2.4 %

Shares of NVR traded down $173.61 during trading hours on Friday, hitting $7,084.39. The stock had a trading volume of 34,580 shares, compared to its average volume of 27,608. The firm has a market capitalization of $21.18 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 2.33 and a beta of 1.20. 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 1-year low of $7,073.38 and a 1-year high of $9,964.77. The firm has a 50 day simple moving average of $7,959.67 and a 200-day simple moving average of $8,770.32.

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, topping 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%. Sell-side analysts predict that NVR, Inc. will post 512.33 EPS for the current fiscal year.

NVR announced that its Board of Directors has approved a share buyback plan on Wednesday, December 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 2.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

About NVR

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.