Ethic Inc. Sells 51 Shares of NVR, Inc. (NYSE:NVR)

Ethic Inc. cut its stake in NVR, Inc. (NYSE:NVR - Free Report) by 15.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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.

A number of other hedge funds have also recently made changes to their positions in NVR. Nordea Investment Management AB grew its holdings in shares of NVR by 8.7% in the fourth quarter. Nordea Investment Management AB now owns 262 shares of the construction company's stock worth $2,158,000 after purchasing an additional 21 shares during the last quarter. Czech National Bank grew its holdings in shares of NVR by 4.8% in the fourth 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 shares of NVR in the fourth quarter worth about $1,971,000. Crestmont Private Wealth LLC grew its holdings in shares of NVR by 3.9% in the fourth quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company's stock worth $433,000 after purchasing an additional 2 shares during the last quarter. Finally, Board of the Pension Protection Fund bought a new position in shares of NVR in the fourth quarter worth about $245,000. 83.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on NVR shares. UBS Group dropped their target price on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their target price 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 assigned a buy rating to the company's stock. According to MarketBeat.com, NVR presently has an average rating of "Hold" and a consensus price target of $9,023.33.

NVR Stock Up 1.4%

NVR stock traded up $104.85 during midday trading on Friday, hitting $7,351.47. 17,118 shares of the company's stock were exchanged, compared to its average volume of 22,103. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $9,964.77. The firm has a 50-day moving average of $7,171.46 and a two-hundred day moving average of $7,882.44. The company has a market cap of $21.50 billion, a PE ratio of 14.48, a P/E/G ratio of 2.39 and a beta of 1.02.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $107.87 by ($13.04). NVR had a return on equity of 39.67% and a net margin of 16.34%. The business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.35 billion. As a group, analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its board has authorized a share repurchase plan on Tuesday, May 6th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are generally a sign 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.