Russell Investments Group Ltd. Sells 1,557 Shares of NVR, Inc. (NYSE:NVR)

Russell Investments Group Ltd. decreased its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 16.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,913 shares of the construction company's stock after selling 1,557 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.26% of NVR worth $64,731,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of NVR. Proficio Capital Partners LLC bought a new position in shares of NVR in the fourth quarter valued at about $3,277,825,000. Norges Bank bought a new position in shares of NVR in the fourth quarter worth about $295,643,000. JPMorgan Chase & Co. lifted its position in shares of NVR by 165.8% during the fourth quarter. JPMorgan Chase & Co. now owns 36,999 shares of the construction company's stock worth $302,611,000 after purchasing an additional 23,079 shares in the last quarter. Corient Private Wealth LLC grew its stake in shares of NVR by 2,599.1% during the fourth quarter. Corient Private Wealth LLC now owns 8,988 shares of the construction company's stock valued at $73,512,000 after purchasing an additional 8,655 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of NVR in the fourth quarter valued at approximately $37,942,000. Institutional investors and hedge funds own 83.67% of the company's stock.

Insider Buying and Selling at NVR

In other NVR 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 value of $1,074,730.80. Following the sale, the director now owns 1,050 shares of the company's stock, valued at $7,891,380. This trade represents a 11.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 7.00% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on NVR. JPMorgan Chase & Co. lowered their target price on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. UBS Group raised their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the company 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. According to data from MarketBeat.com, NVR currently has an average rating of "Hold" and a consensus price target of $9,356.67.

NVR Trading Up 3.0 %

NVR stock traded up $209.48 during midday trading on Friday, hitting $7,208.31. 23,059 shares of the stock were exchanged, compared to its average volume of 22,183. The stock has a market capitalization of $21.40 billion, a PE ratio of 14.20, a P/E/G ratio of 2.39 and a beta of 1.07. The company has a fifty day simple moving average of $7,262.85 and a two-hundred day simple moving average of $8,301.28. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. Equities research analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

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.