NVR, Inc. (NYSE:NVR) Shares Sold by Berkeley Inc

Berkeley Inc reduced its position in NVR, Inc. (NYSE:NVR - Free Report) by 17.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 950 shares of the construction company's stock after selling 202 shares during the period. NVR comprises 4.0% of Berkeley Inc's investment portfolio, making the stock its 7th biggest position. Berkeley Inc's holdings in NVR were worth $7,770,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. JDM Financial Group LLC purchased a new position in NVR in the 4th quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its holdings in shares of NVR by 150.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock worth $41,000 after purchasing an additional 3 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of NVR by 75.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock worth $57,000 after purchasing an additional 3 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of NVR by 60.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 8 shares of the construction company's stock worth $65,000 after purchasing an additional 3 shares during the last quarter. Finally, Morse Asset Management Inc boosted its holdings in shares of NVR by 1,200.0% during the fourth quarter. Morse Asset Management Inc now owns 13 shares of the construction company's stock worth $106,000 after purchasing an additional 12 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NVR shares. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. UBS Group decreased their price objective on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. decreased their price objective on 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 equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $9,023.33.

NVR Trading Up 1.3%

Shares of NVR traded up $88.86 during trading hours on Thursday, hitting $7,088.98. The stock had a trading volume of 13,659 shares, compared to its average volume of 22,131. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The firm has a market cap of $20.73 billion, a P/E ratio of 13.97, a P/E/G ratio of 2.39 and a beta of 1.02. The company's fifty day simple moving average is $7,154.90 and its 200 day simple moving average is $7,774.45. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77.

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

NVR announced that its Board of Directors has initiated a share buyback program on Tuesday, May 6th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 3.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its shares are undervalued.

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.