NVR, Inc. (NYSE:NVR) Shares Purchased by Northern Trust Corp

Northern Trust Corp boosted its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 20.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,894 shares of the construction company's stock after acquiring an additional 5,835 shares during the quarter. Northern Trust Corp owned 1.14% of NVR worth $285,395,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of NVR. Wilmington Savings Fund Society FSB purchased a new stake in NVR during the third quarter worth $49,000. Franklin Resources Inc. boosted its stake in shares of NVR by 23.3% during the 3rd quarter. Franklin Resources Inc. now owns 9,432 shares of the construction company's stock worth $91,796,000 after acquiring an additional 1,780 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of NVR by 18.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company's stock valued at $136,580,000 after acquiring an additional 2,206 shares during the period. GAMMA Investing LLC increased its stake in shares of NVR by 11.8% in the 4th quarter. GAMMA Investing LLC now owns 19 shares of the construction company's stock valued at $155,000 after purchasing an additional 2 shares in the last quarter. Finally, Everence Capital Management Inc. acquired a new position in NVR in the 4th quarter worth about $409,000. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Price Performance

Shares of NVR stock traded down $81.43 during trading hours on Tuesday, reaching $6,994.98. 2,536 shares of the company's stock were exchanged, compared to its average volume of 22,052. The business has a fifty day moving average of $7,190.04 and a two-hundred day moving average of $8,005.89. The company has a market capitalization of $20.77 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year 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 analysts' consensus estimates of $107.87 by ($13.04). The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. NVR had a net margin of 16.34% and a return on equity of 39.67%. As a group, research analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Insider Activity

In other NVR news, Director Thomas D. Eckert sold 143 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the transaction, the director now owns 1,050 shares of the company's stock, valued at $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 7.00% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NVR. JPMorgan Chase & Co. reduced their target price on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. UBS Group reduced their price objective on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, NVR has a consensus rating of "Hold" and a consensus target price 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.