Alliancebernstein L.P. Sells 5,126 Shares of 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. reduced its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 62.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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.

A number of other hedge funds and other institutional investors also recently modified their holdings of NVR. GAMMA Investing LLC raised its holdings in shares of NVR by 838,726.3% in the 1st quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock valued at $1,154,589,000 after purchasing an additional 159,358 shares during the period. Boston Partners raised its stake in NVR by 14.0% in the first quarter. Boston Partners now owns 59,077 shares of the construction company's stock valued at $427,962,000 after buying an additional 7,233 shares during the period. Siemens Fonds Invest GmbH raised its stake in NVR by 116,808.2% in the fourth quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock valued at $468,528,000 after buying an additional 57,236 shares during the period. Principal Financial Group Inc. lifted its position in shares of NVR by 5.3% in the first quarter. Principal Financial Group Inc. now owns 56,352 shares of the construction company's stock valued at $408,236,000 after buying an additional 2,814 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of NVR by 41.6% during the 1st quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company's stock worth $379,639,000 after acquiring an additional 15,405 shares during the period. Institutional investors own 83.67% of the company's stock.

Insider Activity

In other NVR news, Director Alexandra A. Jung sold 200 shares of NVR stock in a transaction on Tuesday, August 26th. The stock was 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 of the company's stock, valued at $606,183. The trade was a 72.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew B. Kelpy sold 600 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total value of $4,860,000.00. Following the sale, the chief accounting officer owned 208 shares of the company's stock, valued at approximately $1,684,800. The trade was a 74.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 975 shares of company stock worth $7,869,360. Corporate insiders own 7.80% of the company's stock.

NVR Stock Performance

Shares of NVR stock traded down $71.75 during trading on Tuesday, reaching $8,206.20. The company's stock had a trading volume of 17,104 shares, compared to its average volume of 16,697. The company has a quick ratio of 2.97, a current ratio of 5.79 and a debt-to-equity ratio of 0.24. The business's 50-day moving average price is $7,970.17 and its 200-day moving average price is $7,478.23. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77. The firm has a market cap of $23.55 billion, a PE ratio of 17.32, a P/E/G ratio of 11.51 and a beta of 0.95.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 EPS for the quarter, topping analysts' consensus estimates of $104.89 by $3.65. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. NVR's revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the firm earned $120.69 earnings per share. Equities analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NVR has been the topic of a number of research analyst reports. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. increased their price objective on shares of NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Finally, 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 report on Thursday, July 24th. One research 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 a consensus rating of "Hold" and an average target price of $8,783.33.

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.