Sterling Capital Management LLC Increases Stock Position in NVR, Inc. (NYSE:NVR)

Sterling Capital Management LLC increased its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 55.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 172 shares of the construction company's stock after purchasing an additional 61 shares during the quarter. Sterling Capital Management LLC's holdings in NVR were worth $1,407,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of NVR. MML Investors Services LLC raised its stake in shares of NVR by 2.1% in the 3rd quarter. MML Investors Services LLC now owns 242 shares of the construction company's stock valued at $2,374,000 after acquiring an additional 5 shares during the period. Coldstream Capital Management Inc. purchased a new stake in NVR in the third quarter valued at approximately $292,000. Wilmington Savings Fund Society FSB acquired a new position in NVR during the third quarter worth $49,000. Franklin Resources Inc. boosted its position in shares of NVR by 23.3% during the third quarter. Franklin Resources Inc. now owns 9,432 shares of the construction company's stock worth $91,796,000 after buying an additional 1,780 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of NVR by 18.8% in the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company's stock valued at $136,580,000 after buying an additional 2,206 shares in the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Stock Up 2.0 %

NVR stock traded up $143.68 during mid-day trading on Friday, reaching $7,188.69. The company had a trading volume of 23,350 shares, compared to its average volume of 22,214. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,964.77. The firm has a fifty day simple moving average of $7,225.46 and a 200 day simple moving average of $8,241.24. 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 company has a market capitalization of $21.34 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 2.39 and a beta of 1.07.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share 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%. Analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Insider Buying and Selling at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the sale, the director now owns 1,050 shares of the company's stock, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NVR has been the topic of several research reports. JPMorgan Chase & Co. decreased their target price 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. UBS Group upped their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Four research 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.com, the stock presently has an average rating of "Hold" and an average price target of $9,356.67.

NVR Company 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.