Sei Investments Co. Sells 1,258 Shares of NVR, Inc. (NYSE:NVR)

Sei Investments Co. reduced its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 46.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,472 shares of the construction company's stock after selling 1,258 shares during the period. Sei Investments Co.'s holdings in NVR were worth $12,039,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Private Trust Co. NA lifted its position in shares of 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 purchasing an additional 2 shares in the last quarter. GAMMA Investing LLC grew its stake in NVR by 11.8% in the 4th quarter. GAMMA Investing LLC now owns 19 shares of the construction company's stock valued at $155,000 after buying an additional 2 shares during the last quarter. Crestmont Private Wealth LLC lifted its position in NVR by 3.9% during the 4th quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company's stock worth $433,000 after acquiring an additional 2 shares during the last quarter. Lakewood Asset Management LLC lifted its position in shares of NVR by 0.5% during the 4th quarter. Lakewood Asset Management LLC now owns 392 shares of the construction company's stock worth $3,206,000 after purchasing an additional 2 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in shares of NVR by 5.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 36 shares of the construction company's stock valued at $294,000 after acquiring an additional 2 shares during the period. 83.67% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NVR. JPMorgan Chase & Co. reduced their target price on shares of 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 upped their price target on NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $9,356.67.

Insider Buying and Selling

In other NVR news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction 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 transaction, the director now directly owns 1,050 shares in the company, valued at $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.80% of the stock is owned by corporate insiders.

NVR Price Performance

Shares of NYSE:NVR traded down $190.08 during midday trading on Thursday, reaching $7,111.99. 33,573 shares of the company's stock were exchanged, compared to its average volume of 21,835. 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's 50 day simple moving average is $7,423.17 and its two-hundred day simple moving average is $8,441.16. NVR, Inc. has a 12 month low of $7,015.00 and a 12 month high of $9,964.77. The firm has a market capitalization of $21.12 billion, a PE ratio of 14.01, 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 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 net margin of 16.34% and a return on equity of 39.67%. Equities research analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

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

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.