Ethic Inc. Trims Holdings in NVR, Inc. (NYSE:NVR)

Ethic Inc. decreased its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 15.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 285 shares of the construction company's stock after selling 51 shares during the period. Ethic Inc.'s holdings in NVR were worth $2,331,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NVR. Nordea Investment Management AB increased its stake in NVR by 8.7% during the 4th quarter. Nordea Investment Management AB now owns 262 shares of the construction company's stock worth $2,158,000 after acquiring an additional 21 shares during the period. Czech National Bank raised its position in NVR by 4.8% during the 4th quarter. Czech National Bank now owns 661 shares of the construction company's stock worth $5,406,000 after purchasing an additional 30 shares during the last quarter. Miracle Mile Advisors LLC bought a new position in NVR during the 4th quarter worth $1,971,000. Crestmont Private Wealth LLC raised its position in shares of NVR by 3.9% in the 4th quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company's stock worth $433,000 after acquiring an additional 2 shares in the last quarter. Finally, Board of the Pension Protection Fund bought a new position in shares of NVR in the 4th quarter worth about $245,000. Institutional investors own 83.67% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NVR shares. JPMorgan Chase & Co. cut their price target 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 dropped their price objective on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, NVR currently has a consensus rating of "Hold" and an average target price of $9,023.33.

NVR Price Performance

NVR stock traded up $65.79 during mid-day trading on Thursday, hitting $7,233.37. The stock had a trading volume of 15,694 shares, compared to its average volume of 22,079. The firm has a market capitalization of $21.15 billion, a P/E ratio of 14.25, a P/E/G ratio of 2.39 and a beta of 1.02. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. The firm's 50 day moving average is $7,177.24 and its 200 day moving average is $7,917.30.

NVR (NYSE:NVR - Get Free Report) last issued 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). The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.35 billion. NVR had a return on equity of 39.67% and a net margin of 16.34%. On average, sell-side analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its board has authorized a share repurchase 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 repurchase up to 3.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

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.