Epoch Investment Partners Inc. Cuts Stock Position in NVR, Inc. (NYSE:NVR)

Epoch Investment Partners Inc. decreased its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 11.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,924 shares of the construction company's stock after selling 2,939 shares during the period. NVR makes up approximately 0.9% of Epoch Investment Partners Inc.'s investment portfolio, making the stock its 28th biggest position. Epoch Investment Partners Inc. owned 0.72% of NVR worth $179,314,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in NVR. Peak Financial Advisors LLC purchased a new position in shares of NVR during the 4th quarter worth about $1,235,000. JPMorgan Chase & Co. boosted its position in shares of NVR by 18.8% during the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company's stock valued at $136,580,000 after buying an additional 2,206 shares during the period. OLD Mission Capital LLC bought a new position in shares of NVR during the fourth quarter valued at approximately $1,701,000. Markel Group Inc. raised its holdings in shares of NVR by 0.9% in the fourth 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, Charles Schwab Investment Management Inc. lifted its stake in shares of NVR by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company's stock worth $171,266,000 after acquiring an additional 644 shares during the last quarter. 83.67% of the stock is owned by institutional investors.

Insider Activity

In other NVR news, Director Thomas D. Eckert sold 143 shares of the 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 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.80% of the company's stock.

Wall Street Analysts Forecast Growth

NVR has been the subject of a number of research analyst reports. UBS Group decreased their price objective on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a report on Wednesday. JPMorgan Chase & Co. decreased their price target on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, NVR currently has a consensus rating of "Hold" and a consensus price target of $9,023.33.

NVR Stock Performance

NYSE NVR traded up $87.29 on Thursday, hitting $7,170.38. 5,631 shares of the company's stock traded hands, compared to its average volume of 27,153. The firm's 50-day moving average price is $7,207.51 and its two-hundred day moving average price is $8,170.91. The firm has a market capitalization of $21.29 billion, a PE ratio of 14.12, a P/E/G ratio of 2.39 and a beta of 1.07. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,964.77.

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

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.