Pinebridge Investments L.P. Buys Shares of 1,706 NVR, Inc. (NYSE:NVR)

Pinebridge Investments L.P. bought a new position in NVR, Inc. (NYSE:NVR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,706 shares of the construction company's stock, valued at approximately $13,953,000. Pinebridge Investments L.P. owned approximately 0.06% of NVR at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC bought a new position in shares of NVR in the 4th quarter worth $3,277,825,000. Norges Bank bought a new position in shares of NVR in the 4th quarter worth $295,643,000. JPMorgan Chase & Co. increased its holdings in shares of NVR by 165.8% in the 4th quarter. JPMorgan Chase & Co. now owns 36,999 shares of the construction company's stock worth $302,611,000 after buying an additional 23,079 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of NVR by 11.7% in the 4th quarter. Capital Research Global Investors now owns 107,606 shares of the construction company's stock worth $880,099,000 after buying an additional 11,274 shares during the last quarter. Finally, Corient Private Wealth LLC increased its holdings in shares of NVR by 2,599.1% in the 4th quarter. Corient Private Wealth LLC now owns 8,988 shares of the construction company's stock worth $73,512,000 after buying an additional 8,655 shares during the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Thomas D. Eckert sold 143 shares of the firm'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 approximately $7,891,380. This trade represents a 11.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 7.00% of the company's stock.

NVR Trading Up 0.5 %

NVR stock traded up $34.89 during trading hours on Tuesday, reaching $7,075.24. The stock had a trading volume of 3,302 shares, compared to its average volume of 22,133. The stock has a market cap of $21.01 billion, a PE ratio of 13.94, a PEG ratio of 2.39 and a beta of 1.07. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77. 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 company has a fifty day simple moving average of $7,198.76 and a 200-day simple moving average of $8,101.06.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $107.87 by ($13.04). The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.35 billion. NVR had a return on equity of 39.67% and a net margin of 16.34%. Analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NVR shares. UBS Group reduced their target price on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. JPMorgan Chase & Co. reduced 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. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $9,023.33.

NVR Company 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.