NVR, Inc. (NYSE:NVR) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 13.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 44,632 shares of the construction company's stock after selling 6,701 shares during the period. Wellington Management Group LLP owned 1.50% of NVR worth $365,041,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Brandywine Global Investment Management LLC increased its holdings in shares of NVR by 62.4% during the 4th quarter. Brandywine Global Investment Management LLC now owns 4,079 shares of the construction company's stock worth $33,362,000 after buying an additional 1,568 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in NVR by 20.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 12,498 shares of the construction company's stock valued at $102,220,000 after acquiring an additional 2,124 shares in the last quarter. Allianz SE purchased a new stake in NVR during the 4th quarter worth $2,527,000. Allstate Corp purchased a new stake in shares of NVR during the fourth quarter worth about $712,000. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of NVR by 11.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 2,791 shares of the construction company's stock worth $22,827,000 after acquiring an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NVR shares. JPMorgan Chase & Co. reduced their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. UBS Group boosted their price objective 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 research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, NVR currently has a consensus rating of "Hold" and an average target price of $9,356.67.

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Insider Buying and Selling

In other NVR news, Director Thomas D. Eckert sold 143 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the sale, the director now directly owns 1,050 shares in the company, 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. Corporate insiders own 7.80% of the company's stock.

NVR Stock Performance

Shares of NYSE NVR traded up $303.39 during mid-day trading on Friday, hitting $7,413.38. The company had a trading volume of 41,775 shares, compared to its average volume of 21,914. NVR, Inc. has a 12 month low of $6,918.00 and a 12 month high of $9,964.77. The stock has a market cap of $22.01 billion, a price-to-earnings ratio of 14.61, a PEG ratio of 2.39 and a beta of 1.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. The firm's 50 day simple moving average is $7,423.17 and its two-hundred day simple moving average is $8,441.16.

NVR (NYSE:NVR - Get Free Report) last posted its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its board has approved 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 typically an indication that the company's board of directors believes its shares are 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.