NVR, Inc. (NYSE:NVR) Shares Sold by Legal & General Group Plc

Legal & General Group Plc cut its stake in NVR, Inc. (NYSE:NVR) by 18.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,314 shares of the construction company’s stock after selling 4,890 shares during the quarter. Legal & General Group Plc’s holdings in NVR were worth $174,325,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NVR. Wilmington Savings Fund Society FSB acquired a new stake in shares of NVR during the 3rd quarter worth about $49,000. EverSource Wealth Advisors LLC raised its position in shares of NVR by 150.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock worth $41,000 after acquiring an additional 3 shares in the last quarter. Smartleaf Asset Management LLC raised its position 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 worth $57,000 after acquiring an additional 3 shares in the last quarter. GAMMA Investing LLC increased its position in NVR by 11.8% during the fourth quarter. GAMMA Investing LLC now owns 19 shares of the construction company’s stock worth $155,000 after buying an additional 2 shares during the period. Finally, Cullen Frost Bankers Inc. increased its position in NVR by 122.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 20 shares of the construction company’s stock worth $164,000 after buying an additional 11 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 1,050 shares in the company, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 7.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. UBS Group boosted their target price on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $9,356.67.

NVR Stock Up 5.9 %

NVR opened at $7,095.87 on Thursday. The business’s fifty day simple moving average is $7,288.66 and its 200 day simple moving average is $8,335.61. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77. The firm has a market cap of $21.07 billion, a P/E ratio of 13.98, a PEG ratio of 2.39 and a beta of 1.07. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22.

NVR (NYSE:NVR) last released its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping 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%. As a group, equities research analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to buy up to 2.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management 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.