Raymond James Financial Inc. Purchases New Holdings in NVR, Inc. (NYSE:NVR)

Raymond James Financial Inc. purchased a new stake in shares of NVR, Inc. (NYSE:NVR - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,639 shares of the construction company's stock, valued at approximately $37,942,000. Raymond James Financial Inc. owned about 0.15% of NVR at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Proficio Capital Partners LLC bought a new stake in NVR in the fourth quarter worth $3,277,825,000. Norges Bank purchased a new position in shares of NVR in the fourth quarter worth about $295,643,000. JPMorgan Chase & Co. lifted its stake in shares of NVR by 165.8% in the 4th quarter. JPMorgan Chase & Co. now owns 36,999 shares of the construction company's stock valued at $302,611,000 after acquiring an additional 23,079 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in NVR by 2,599.1% during the 4th quarter. Corient Private Wealth LLC now owns 8,988 shares of the construction company's stock valued at $73,512,000 after acquiring an additional 8,655 shares during the period. Finally, Amundi grew its position in NVR by 82.9% during the 4th quarter. Amundi now owns 9,131 shares of the construction company's stock worth $73,102,000 after acquiring an additional 4,139 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NVR has been the subject of several recent research reports. 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. UBS Group upped their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Four 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 a consensus rating of "Hold" and an average price target of $9,356.67.

Insider Activity

In other NVR news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction that occurred on 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 7.00% of the company's stock.

NVR Trading Down 1.6 %

NYSE NVR traded down $113.71 on Monday, hitting $7,076.36. The company's stock had a trading volume of 2,263 shares, compared to its average volume of 22,117. The firm has a market cap of $21.01 billion, a P/E ratio of 13.97, a PEG ratio of 2.39 and a beta of 1.07. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77. The company's 50-day simple moving average is $7,219.56 and its 200 day simple moving average is $8,202.15. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22.

NVR (NYSE:NVR - Get Free Report) last announced 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 return on equity of 39.67% and a net margin of 16.34%. Research analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

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.