Gabelli Funds LLC Has $8.59 Million Position in NVR, Inc. (NYSE:NVR)

Gabelli Funds LLC lessened its position in NVR, Inc. (NYSE:NVR - Free Report) by 4.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,050 shares of the construction company's stock after selling 50 shares during the period. Gabelli Funds LLC's holdings in NVR were worth $8,588,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Proficio Capital Partners LLC bought a new position in shares of NVR during the 4th quarter valued at about $3,277,825,000. Norges Bank acquired a new position in NVR in the fourth quarter worth approximately $295,643,000. JPMorgan Chase & Co. increased its holdings in shares of NVR by 165.8% in the fourth quarter. JPMorgan Chase & Co. now owns 36,999 shares of the construction company's stock valued at $302,611,000 after buying an additional 23,079 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of NVR by 2,599.1% in the fourth quarter. Corient Private Wealth LLC now owns 8,988 shares of the construction company's stock valued at $73,512,000 after buying an additional 8,655 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of NVR during the 4th quarter worth $37,942,000. Institutional investors and hedge funds own 83.67% of the company's stock.

Insider Activity

In related 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 transaction of $1,074,730.80. Following the completion of the sale, the director now owns 1,050 shares in the company, valued at $7,891,380. This trade represents a 11.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 7.00% of the company's stock.

NVR Stock Performance

Shares of NYSE NVR traded down $138.07 during trading hours on Tuesday, hitting $6,995.77. 9,838 shares of the company's stock were exchanged, compared to its average volume of 27,097. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,964.77. The stock has a market capitalization of $20.77 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 2.39 and a beta of 1.07. The company's 50-day moving average price is $7,216.66 and its 200-day moving average price is $8,185.62. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69.

NVR (NYSE:NVR - Get Free Report) last released its earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share for the quarter, missing analysts' consensus estimates of $108.22 by ($13.39). NVR had a return on equity of 39.67% and a net margin of 16.34%. On average, sell-side analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NVR. UBS Group lifted their price target on NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. cut their price target on shares of 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 given a buy rating to the stock. According to MarketBeat.com, NVR currently has an average rating of "Hold" and a consensus price target of $9,356.67.

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.