Artisan Partners Limited Partnership Sells 14,138 Shares of NVR, Inc. (NYSE:NVR)

Artisan Partners Limited Partnership reduced its stake in shares of NVR, Inc. (NYSE:NVR) by 60.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,420 shares of the construction company’s stock after selling 14,138 shares during the quarter. Artisan Partners Limited Partnership’s holdings in NVR were worth $77,045,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NVR. Proficio Capital Partners LLC acquired a new stake in NVR during the fourth quarter worth about $3,277,825,000. Vanguard Group Inc. boosted its position in shares of NVR by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 342,460 shares of the construction company’s stock worth $2,800,946,000 after acquiring an additional 1,147 shares in the last quarter. Principal Financial Group Inc. increased its stake in NVR by 3.0% in the fourth quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company’s stock valued at $437,882,000 after acquiring an additional 1,549 shares during the last quarter. Boston Partners raised its position in NVR by 3.2% during the fourth quarter. Boston Partners now owns 51,844 shares of the construction company’s stock valued at $424,066,000 after purchasing an additional 1,605 shares in the last quarter. Finally, Jennison Associates LLC lifted its stake in NVR by 5.7% during the fourth quarter. Jennison Associates LLC now owns 37,550 shares of the construction company’s stock worth $307,118,000 after purchasing an additional 2,027 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NVR. JPMorgan Chase & Co. decreased their price target on 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 lifted their target price on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $9,356.67.

Insider Buying and Selling

In other news, Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the transaction, the director now owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.00% of the stock is owned by corporate insiders.

NVR Trading Up 0.1 %

NYSE NVR opened at $7,318.93 on Friday. The company has a market cap of $21.73 billion, a price-to-earnings ratio of 14.42, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. NVR, Inc. has a twelve month low of $7,015.00 and a twelve month high of $9,964.77. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The business’s fifty day moving average is $7,538.87 and its 200 day moving average is $8,509.57.

NVR (NYSE:NVR) last announced its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 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, sell-side analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.

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