Pitcairn Co. Sells 2 Shares of NVR, Inc. (NYSE:NVR)

Pitcairn Co. cut its holdings in NVR, Inc. (NYSE:NVR) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39 shares of the construction company’s stock after selling 2 shares during the period. Pitcairn Co.’s holdings in NVR were worth $319,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of NVR. Motley Fool Asset Management LLC boosted its holdings in shares of NVR by 7.1% in the fourth quarter. Motley Fool Asset Management LLC now owns 45 shares of the construction company’s stock worth $368,000 after acquiring an additional 3 shares during the period. Cinctive Capital Management LP bought a new position in NVR in the 4th quarter worth about $810,000. Headlands Technologies LLC purchased a new position in NVR during the 4th quarter valued at about $4,294,000. OLD Mission Capital LLC bought a new stake in shares of NVR during the fourth quarter valued at about $1,701,000. Finally, National Bank of Canada FI lifted its holdings in shares of NVR by 37.6% in the fourth quarter. National Bank of Canada FI now owns 2,165 shares of the construction company’s stock worth $17,707,000 after buying an additional 592 shares in the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on NVR shares. JPMorgan Chase & Co. reduced their price objective 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 upped their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $9,356.67.

Insiders Place Their Bets

In other NVR news, Director Thomas D. Eckert sold 143 shares of NVR 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 transaction of $1,074,730.80. Following the transaction, the director now directly owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.80% of the company’s stock.

NVR Stock Up 4.3 %

NVR stock opened at $7,413.38 on Monday. The company’s 50 day moving average is $7,407.03 and its 200 day moving average is $8,412.35. The stock has a market cap of $22.01 billion, a price-to-earnings ratio of 14.61, a price-to-earnings-growth ratio of 2.39 and a beta of 1.07. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 1-year low of $7,000.00 and a 1-year high of $9,964.77.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. Sell-side analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its board has approved a stock buyback plan on Wednesday, December 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are 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.