Schroder Investment Management Group Reduces Stake in NVR, Inc. (NYSE:NVR)

Schroder Investment Management Group reduced its stake in NVR, Inc. (NYSE:NVR - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,504 shares of the construction company's stock after selling 2,895 shares during the period. Schroder Investment Management Group owned 0.51% of NVR worth $126,768,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its stake in shares of NVR by 150.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock valued at $41,000 after buying an additional 3 shares during the period. Private Trust Co. NA boosted its holdings in NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock worth $49,000 after acquiring an additional 2 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in NVR in the third quarter valued at approximately $49,000. Smartleaf Asset Management LLC increased its holdings in shares of NVR by 75.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock valued at $57,000 after acquiring an additional 3 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of NVR during the third quarter worth approximately $59,000. 83.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. UBS Group lifted their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reduced 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 report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $9,356.67.

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Insider Buying and Selling at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the 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 completion of the sale, the director now directly owns 1,050 shares of the company's stock, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 7.80% of the company's stock.

NVR Stock Up 4.3 %

NVR stock traded up $303.39 during trading on Friday, hitting $7,413.38. 41,775 shares of the company were exchanged, compared to its average volume of 21,940. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. The business's 50 day moving average is $7,407.03 and its 200 day moving average is $8,427.09. NVR, Inc. has a 52 week low of $6,918.00 and a 52 week high of $9,964.77. The company has a market capitalization of $22.01 billion, a P/E ratio of 14.61, a PEG ratio of 2.39 and a beta of 1.07.

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

NVR announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 11th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to purchase up to 2.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued.

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.