Renaissance Technologies LLC Sells 430 Shares of NVR, Inc. (NYSE:NVR)

Renaissance Technologies LLC trimmed its stake in NVR, Inc. (NYSE:NVR - Free Report) by 50.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 430 shares of the construction company's stock after selling 430 shares during the quarter. Renaissance Technologies LLC's holdings in NVR were worth $3,517,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Proficio Capital Partners LLC bought a new stake in NVR in the fourth quarter worth $3,277,825,000. Vanguard Group Inc. boosted its holdings in NVR by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 342,460 shares of the construction company's stock worth $2,800,946,000 after acquiring an additional 1,147 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of NVR by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company's stock valued at $437,882,000 after purchasing an additional 1,549 shares in the last quarter. Boston Partners boosted its position in shares of NVR by 3.2% during the fourth quarter. Boston Partners now owns 51,844 shares of the construction company's stock valued at $424,066,000 after buying an additional 1,605 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in NVR by 9.3% in the 4th quarter. Invesco Ltd. now owns 38,549 shares of the construction company's stock worth $315,288,000 after buying an additional 3,268 shares in the last quarter. 83.67% of the stock is owned by institutional investors.

Insider Transactions at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction that occurred 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 transaction, the director now owns 1,050 shares in the company, valued at $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 available at this link. Company insiders own 7.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on NVR shares. UBS Group lowered 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 research note on Wednesday, April 23rd. JPMorgan Chase & Co. dropped 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 issued a buy rating to the company. Based on data from MarketBeat, NVR presently has a consensus rating of "Hold" and a consensus target price of $9,023.33.

NVR Stock Performance

Shares of NYSE NVR traded down $12.42 during trading on Monday, reaching $7,059.00. 17,294 shares of the company traded hands, compared to its average volume of 22,208. The firm has a 50 day simple moving average of $7,198.76 and a 200-day simple moving average of $8,101.06. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $20.96 billion, a PE ratio of 13.91, a P/E/G ratio of 2.39 and a beta of 1.07. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The construction company reported $94.83 earnings per share 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 during the quarter, compared to the consensus estimate of $2.35 billion. Equities research analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.

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.