Alliancebernstein L.P. Decreases Stake in NVR, Inc. $NVR

Key Points

• Alliancebernstein L.P. reduced its position in NVR, Inc. by 62.7%, owning 3,044 shares worth $22.05 million after selling 5,126 shares in the first quarter.
• Various institutional investors have increased their holdings in NVR, with notable increases including Brighton Jones LLC by 68.9% and D. E. Shaw & Co. Inc. by 176.9% in the previous quarter.
• Analysts have upgraded NVR's stock ratings recently, with UBS raising the target price to $8,150 and a consensus rating of "Hold" and target price of $8,783.33 among research analysts.

Alliancebernstein L.P. lessened its position in NVR, Inc. (NYSE:NVR - Free Report) by 62.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,044 shares of the construction company's stock after selling 5,126 shares during the quarter. Alliancebernstein L.P. owned 0.10% of NVR worth $22,052,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Fifth Third Wealth Advisors LLC increased its stake in NVR by 1.1% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 177 shares of the construction company's stock worth $1,282,000 after buying an additional 2 shares during the period. Peak Financial Advisors LLC grew its position in shares of NVR by 1.3% in the 1st quarter. Peak Financial Advisors LLC now owns 153 shares of the construction company's stock worth $1,108,000 after buying an additional 2 shares during the last quarter. Salvus Wealth Management LLC grew its position in shares of NVR by 0.6% in the 1st quarter. Salvus Wealth Management LLC now owns 338 shares of the construction company's stock worth $2,449,000 after buying an additional 2 shares during the last quarter. Fifth Third Bancorp grew its position in shares of NVR by 6.9% in the 1st quarter. Fifth Third Bancorp now owns 31 shares of the construction company's stock worth $225,000 after buying an additional 2 shares during the last quarter. Finally, Ballentine Partners LLC grew its position in shares of NVR by 6.7% in the 1st quarter. Ballentine Partners LLC now owns 32 shares of the construction company's stock worth $232,000 after buying an additional 2 shares during the last quarter. Institutional investors own 83.67% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on NVR. UBS Group lifted their target price on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, JPMorgan Chase & Co. lifted their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, NVR has an average rating of "Hold" and a consensus target price of $8,783.33.

NVR Stock Performance

Shares of NVR traded down $109.19 during trading hours on Friday, hitting $8,423.79. The stock had a trading volume of 15,875 shares, compared to its average volume of 16,811. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.97 and a current ratio of 5.79. The firm has a 50-day moving average price of $7,942.46 and a 200 day moving average price of $7,461.90. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,964.77. The firm has a market capitalization of $24.18 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 11.86 and a beta of 0.95.

NVR (NYSE:NVR - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $104.89 by $3.65. NVR had a net margin of 14.68% and a return on equity of 37.35%. The firm had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.46 billion. During the same period in the previous year, the business posted $120.69 EPS. The business's revenue was down .5% compared to the same quarter last year. As a group, research analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

Insider Activity at NVR

In related news, Director Alexandra A. Jung sold 200 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the completion of the transaction, the director directly owned 75 shares in the company, valued at $606,183. The trade was a 72.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Susan Williamson Ross sold 125 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the completion of the sale, the director directly owned 386 shares of the company's stock, valued at approximately $3,030,208.08. The trade was a 24.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 975 shares of company stock worth $7,869,360 in the last three months. Company insiders own 7.00% of the company's stock.

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.