Wells Fargo & Company MN Decreases Holdings in NVR, Inc. (NYSE:NVR)

Wells Fargo & Company MN lessened its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 49.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,089 shares of the construction company's stock after selling 1,067 shares during the quarter. Wells Fargo & Company MN's holdings in NVR were worth $8,907,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in shares of NVR during the 4th quarter worth $3,277,825,000. Vanguard Group Inc. increased its position 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 buying an additional 1,147 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of NVR by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company's stock valued at $437,882,000 after buying an additional 1,549 shares in the last quarter. Boston Partners grew its stake in shares of NVR by 3.2% during the 4th quarter. Boston Partners now owns 51,844 shares of the construction company's stock valued at $424,066,000 after acquiring an additional 1,605 shares during the period. Finally, Jennison Associates LLC increased its holdings in NVR by 5.7% in the 4th quarter. Jennison Associates LLC now owns 37,550 shares of the construction company's stock worth $307,118,000 after acquiring an additional 2,027 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

Insider Activity

In other NVR news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the sale, the director now owns 1,050 shares of the company's stock, valued at $7,891,380. The trade was a 11.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 7.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. 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. 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. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, NVR currently has an average rating of "Hold" and a consensus price target of $9,023.33.

NVR Price Performance

NVR stock traded up $69.51 during midday trading on Wednesday, hitting $7,236.43. The company's stock had a trading volume of 4,225 shares, compared to its average volume of 27,120. The firm has a market capitalization of $21.48 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 2.39 and a beta of 1.07. 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 12 month low of $6,562.85 and a 12 month high of $9,964.77. The company has a 50 day moving average of $7,213.19 and a two-hundred day moving average of $8,178.52.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share for the quarter, missing analysts' consensus estimates of $107.87 by ($13.04). The company had revenue of $2.40 billion for 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, analysts expect that NVR, Inc. will post 505.2 EPS 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.