Gabelli Funds LLC Cuts Stock Position in NVR, Inc. (NYSE:NVR)

Gabelli Funds LLC reduced its position in shares of NVR, Inc. (NYSE:NVR) by 4.5% in the fourth quarter, Holdings Channel reports. The firm owned 1,050 shares of the construction company’s stock after selling 50 shares during the quarter. Gabelli Funds LLC’s holdings in NVR were worth $8,588,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of NVR during the third quarter valued at $49,000. EverSource Wealth Advisors LLC lifted its stake in NVR by 150.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock valued at $41,000 after acquiring an additional 3 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of NVR by 75.0% during the 4th 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 during the last quarter. GAMMA Investing LLC grew its stake in shares of NVR by 11.8% in the fourth quarter. GAMMA Investing LLC now owns 19 shares of the construction company’s stock worth $155,000 after acquiring an additional 2 shares during the period. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of NVR by 122.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 20 shares of the construction company’s stock valued at $164,000 after purchasing an additional 11 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. UBS Group lifted 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. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $9,356.67.

NVR Stock Down 2.0 %

NVR opened at $7,059.15 on Thursday. 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 company has a market capitalization of $20.96 billion, a PE ratio of 13.91, a PEG ratio of 2.39 and a beta of 1.07. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,964.77. The firm’s 50 day simple moving average is $7,231.84 and its two-hundred day simple moving average is $8,259.33.

NVR (NYSE:NVR) last issued 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 return on equity of 39.67% and a net margin of 16.34%. As a group, 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 company’s stock in a transaction that occurred on 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 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 document filed with the SEC, which is available through this hyperlink. 7.00% of the stock is currently owned by insiders.

About NVR

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.