FIL Ltd Sells 10,432 Shares of NVR, Inc. (NYSE:NVR)

FIL Ltd reduced its position in shares of NVR, Inc. (NYSE:NVR) by 65.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,601 shares of the construction company’s stock after selling 10,432 shares during the quarter. FIL Ltd’s holdings in NVR were worth $45,810,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of NVR. Invesco Ltd. lifted its position in NVR by 9.3% during the fourth quarter. Invesco Ltd. now owns 38,549 shares of the construction company’s stock valued at $315,288,000 after purchasing an additional 3,268 shares during the last quarter. Unigestion Holding SA bought a new position in shares of NVR in the 4th quarter valued at about $8,980,000. Aristides Capital LLC grew its position in NVR by 13.2% in the fourth quarter. Aristides Capital LLC now owns 86 shares of the construction company’s stock worth $703,000 after acquiring an additional 10 shares in the last quarter. Federated Hermes Inc. increased its stake in NVR by 13.9% during the fourth quarter. Federated Hermes Inc. now owns 3,585 shares of the construction company’s stock worth $29,321,000 after acquiring an additional 438 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its stake in NVR by 11.1% during the fourth quarter. Quadrant Capital Group LLC now owns 20 shares of the construction company’s stock worth $164,000 after acquiring an additional 2 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

NVR Trading Down 1.6 %

NVR opened at $7,008.76 on Friday. 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 stock’s 50 day moving average price is $7,274.19 and its 200-day moving average price is $8,317.31. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77. The stock has a market cap of $20.81 billion, a price-to-earnings ratio of 13.81, a P/E/G ratio of 2.39 and a beta of 1.07.

NVR (NYSE:NVR) last announced its quarterly earnings data 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 return on equity of 39.67% and a net margin of 16.34%. On average, equities analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

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 completion of the sale, the director now directly owns 1,050 shares of the company’s stock, valued at $7,891,380. The trade was a 11.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NVR has been the subject of a number of recent research reports. UBS Group lifted their target price 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. dropped 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 research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $9,356.67.

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.