Wells Fargo & Company MN Sells 1,067 Shares of NVR, Inc. (NYSE:NVR)

Wells Fargo & Company MN lowered its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 49.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,089 shares of the construction company's stock after selling 1,067 shares during the quarter. Wells Fargo & Company MN's holdings in NVR were worth $8,907,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of NVR. Quantum Capital Management LLC NJ raised its position in NVR by 0.3% during the fourth quarter. Quantum Capital Management LLC NJ now owns 6,572 shares of the construction company's stock valued at $53,752,000 after buying an additional 18 shares during the period. Motley Fool Asset Management LLC grew its position in NVR by 7.1% during the fourth quarter. Motley Fool Asset Management LLC now owns 45 shares of the construction company's stock valued at $368,000 after purchasing an additional 3 shares in the last quarter. Cinctive Capital Management LP acquired a new position in NVR in the 4th quarter valued at approximately $810,000. Headlands Technologies LLC purchased a new stake in NVR in the 4th quarter worth approximately $4,294,000. Finally, OLD Mission Capital LLC acquired a new stake in shares of NVR during the 4th quarter valued at $1,701,000. 83.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group increased their price objective on NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price target on 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 research 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 an average rating of "Hold" and a consensus price target of $9,356.67.

NVR Stock Up 2.0 %

NVR stock traded up $143.68 during mid-day trading on Friday, hitting $7,188.69. 23,350 shares of the company's stock were exchanged, compared to its average volume of 22,196. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,964.77. The stock has a 50 day moving average of $7,219.56 and a two-hundred day moving average of $8,202.15. The stock has a market cap of $21.34 billion, a P/E ratio of 14.16, a P/E/G ratio of 2.39 and a beta of 1.07. 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 issued its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share 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, analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

Insider Buying and Selling

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 owns 1,050 shares in the company, valued at $7,891,380. This represents a 11.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.00% of the stock is owned by insiders.

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.