Price T Rowe Associates Inc. MD Has $254.63 Million Holdings in NVR, Inc. (NYSE:NVR)

Price T Rowe Associates Inc. MD lowered its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,133 shares of the construction company's stock after selling 825 shares during the period. Price T Rowe Associates Inc. MD owned approximately 1.02% of NVR worth $254,634,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors 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 valued at $41,000 after acquiring an additional 3 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in NVR in the third quarter valued at about $49,000. Smartleaf Asset Management LLC increased its position in NVR by 75.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock worth $57,000 after purchasing an additional 3 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of NVR by 11.8% during the 4th quarter. GAMMA Investing LLC now owns 19 shares of the construction company's stock worth $155,000 after purchasing an additional 2 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in shares of NVR by 122.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 20 shares of the construction company's stock worth $164,000 after purchasing an additional 11 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on NVR. JPMorgan Chase & Co. reduced their target price on shares of 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 note on Wednesday, April 23rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $9,023.33.

NVR Price Performance

NYSE:NVR traded down $54.85 during mid-day trading on Thursday, hitting $7,070.90. The company's stock had a trading volume of 3,559 shares, compared to its average volume of 22,067. 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 company has a market capitalization of $20.99 billion, a price-to-earnings ratio of 13.93, a P/E/G ratio of 2.39 and a beta of 1.07. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,964.77. The stock has a fifty day moving average of $7,196.61 and a 200-day moving average of $8,087.43.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share (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 the consensus estimate of $2.35 billion. NVR had a net margin of 16.34% and a return on equity of 39.67%. As a group, equities analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

Insider Activity at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the company's stock in a transaction on 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 completion of the transaction, the director now directly owns 1,050 shares of the company's stock, valued at approximately $7,891,380. This represents a 11.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 7.00% of the stock is currently owned by corporate insiders.

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.