Woodline Partners LP Decreases Stake in NVR, Inc. (NYSE:NVR)

Woodline Partners LP cut its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 83.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 197 shares of the construction company's stock after selling 995 shares during the quarter. Woodline Partners LP's holdings in NVR were worth $1,611,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in shares of NVR by 150.0% during the 4th 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 period. Smartleaf Asset Management LLC raised its position in NVR by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock valued at $57,000 after purchasing an additional 3 shares during the period. Wilmington Savings Fund Society FSB raised its position in NVR by 60.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 8 shares of the construction company's stock valued at $65,000 after purchasing an additional 3 shares during the period. Morse Asset Management Inc raised its position in NVR by 1,200.0% in the fourth quarter. Morse Asset Management Inc now owns 13 shares of the construction company's stock valued at $106,000 after purchasing an additional 12 shares during the period. Finally, Cullen Frost Bankers Inc. raised its position in NVR by 122.2% in the fourth quarter. Cullen Frost Bankers Inc. now owns 20 shares of the construction company's stock valued at $164,000 after purchasing an additional 11 shares during the period. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Trading Down 0.8%

NVR stock traded down $59.10 during midday trading on Friday, reaching $7,038.54. 3,642 shares of the stock traded hands, compared to its average volume of 22,059. The company has a 50-day simple moving average of $7,149.81 and a two-hundred day simple moving average of $7,759.55. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The firm has a market cap of $20.58 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. 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 (NYSE:NVR - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The construction company reported $94.83 EPS for the quarter, missing analysts' consensus estimates of $107.87 by ($13.04). NVR had a net margin of 16.34% and a return on equity of 39.67%. The firm had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.35 billion. Research analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 3.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

NVR has been the topic of a number of research analyst reports. UBS Group cut their target price on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Wall Street Zen upgraded NVR from a "sell" rating to a "hold" rating in a report on Saturday, May 24th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $9,023.33.

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.