Price T Rowe Associates Inc. MD Cuts Stake in NVR, Inc. (NYSE:NVR)

Price T Rowe Associates Inc. MD trimmed its stake in NVR, Inc. (NYSE:NVR - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,133 shares of the construction company's stock after selling 825 shares during the quarter. Price T Rowe Associates Inc. MD owned about 1.02% of NVR worth $254,634,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of NVR during the 3rd quarter valued at $49,000. Franklin Resources Inc. boosted its holdings in NVR by 23.3% in the third quarter. Franklin Resources Inc. now owns 9,432 shares of the construction company's stock valued at $91,796,000 after acquiring an additional 1,780 shares during the last quarter. JPMorgan Chase & Co. grew its position 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. GAMMA Investing LLC increased its stake in NVR by 11.8% during the fourth quarter. GAMMA Investing LLC now owns 19 shares of the construction company's stock worth $155,000 after acquiring an additional 2 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new position in shares of NVR in the 4th quarter worth about $409,000. Institutional investors and hedge funds own 83.67% of the company's stock.

NVR Stock Performance

Shares of NYSE:NVR opened at $7,084.46 on Friday. The company has a market cap of $21.03 billion, a P/E ratio of 13.96, a PEG ratio of 2.39 and a beta of 1.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77. The business's 50-day simple moving average is $7,200.74 and its 200 day simple moving average is $8,138.34.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The construction company reported $94.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $107.87 by ($13.04). NVR had a net margin of 16.34% and a return on equity of 39.67%. The firm had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.35 billion. On average, sell-side analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Thomas D. Eckert sold 143 shares of NVR 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 directly owns 1,050 shares of the company's stock, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. UBS Group dropped their target price on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a research report on Wednesday. JPMorgan Chase & Co. dropped 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. Four investment 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, NVR currently has an average rating of "Hold" and an average price target of $9,023.33.

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.

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