Wellington Management Group LLP Sells 6,701 Shares of NVR, Inc. (NYSE:NVR)

Wellington Management Group LLP decreased its holdings in shares of NVR, Inc. (NYSE:NVR) by 13.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 44,632 shares of the construction company’s stock after selling 6,701 shares during the quarter. Wellington Management Group LLP’s holdings in NVR were worth $365,041,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Peak Financial Advisors LLC acquired a new stake in shares of NVR during the fourth quarter worth $1,235,000. JPMorgan Chase & Co. boosted its holdings in NVR by 18.8% during the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock worth $136,580,000 after buying an additional 2,206 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in NVR by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company’s stock worth $171,266,000 after buying an additional 644 shares during the last quarter. Markel Group Inc. grew its position in shares of NVR by 0.9% during the 4th quarter. Markel Group Inc. now owns 11,814 shares of the construction company’s stock worth $96,626,000 after buying an additional 110 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of NVR by 3.0% in the 4th 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. Institutional investors own 83.67% of the company’s stock.

Insider Activity at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the 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 completion of the transaction, the director now owns 1,050 shares in the company, valued at approximately $7,891,380. This represents a 11.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 7.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on NVR. JPMorgan Chase & Co. reduced their price objective on shares of 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 price target on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $9,356.67.

NVR Trading Down 0.6 %

NYSE:NVR opened at $7,203.37 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. The business’s 50-day simple moving average is $7,469.38 and its 200-day simple moving average is $8,458.57. NVR, Inc. has a fifty-two week low of $7,015.00 and a fifty-two week high of $9,964.77. The stock has a market capitalization of $21.39 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. Sell-side analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its board has initiated a share buyback program on Wednesday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.

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.