Rhumbline Advisers Has $50.97 Million Stock Position in NVR, Inc. (NYSE:NVR)

Rhumbline Advisers decreased its holdings in NVR, Inc. (NYSE:NVR) by 2.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,232 shares of the construction company’s stock after selling 127 shares during the quarter. Rhumbline Advisers’ holdings in NVR were worth $50,971,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Blue Trust Inc. bought a new position in shares of NVR during the third quarter worth approximately $39,000. Rakuten Securities Inc. acquired a new stake in shares of NVR in the 3rd quarter valued at $39,000. Private Trust Co. NA boosted its holdings in shares of NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after purchasing an additional 2 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of NVR in the 3rd quarter valued at $49,000. Finally, Quantbot Technologies LP acquired a new stake in shares of NVR during the 3rd quarter valued at $59,000. Institutional investors own 83.67% of the company’s stock.

NVR Price Performance

Shares of NYSE NVR opened at $7,359.53 on Tuesday. NVR, Inc. has a twelve month low of $7,227.09 and a twelve month high of $9,964.77. The stock’s 50 day moving average price is $8,086.99 and its 200-day moving average price is $8,810.03. The company has a market capitalization of $22.52 billion, a PE ratio of 14.50, a PEG ratio of 2.51 and a beta of 1.20. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.58%. On average, equities analysts anticipate that NVR, Inc. will post 512.33 EPS for the current year.

NVR announced that its Board of Directors has initiated a share repurchase 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 a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other NVR news, Director Thomas D. Eckert sold 143 shares of the business’s stock in a transaction 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 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 7.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. UBS Group raised their price objective on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Bank of America lowered their price objective on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. StockNews.com downgraded NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, 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 equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, NVR presently has an average rating of “Hold” and a consensus target price of $9,356.67.

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.