Prudential Financial Inc. Sells 257 Shares of NVR, Inc. (NYSE:NVR)

Prudential Financial Inc. trimmed its holdings in NVR, Inc. (NYSE:NVR) by 13.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,641 shares of the construction company’s stock after selling 257 shares during the quarter. Prudential Financial Inc. owned about 0.05% of NVR worth $13,422,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of NVR. Proficio Capital Partners LLC bought a new stake in shares of NVR in the fourth quarter worth approximately $3,277,825,000. Corient Private Wealth LLC boosted its holdings in NVR by 2,599.1% in the fourth quarter. Corient Private Wealth LLC now owns 8,988 shares of the construction company’s stock worth $73,512,000 after purchasing an additional 8,655 shares during the last quarter. Raymond James Financial Inc. bought a new stake in NVR in the 4th quarter worth approximately $37,942,000. Amundi raised its stake in NVR by 82.9% during the 4th quarter. Amundi now owns 9,131 shares of the construction company’s stock valued at $73,102,000 after buying an additional 4,139 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in shares of NVR by 67.7% during the 4th quarter. Teacher Retirement System of Texas now owns 9,943 shares of the construction company’s stock valued at $81,323,000 after buying an additional 4,015 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insiders Place Their Bets

In other news, Director Thomas D. Eckert sold 143 shares of the firm’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 directly owns 1,050 shares in the company, valued at $7,891,380. This trade 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 hyperlink. 7.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. JPMorgan Chase & Co. cut their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. UBS Group boosted their price target on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, NVR has an average rating of “Hold” and a consensus price target of $9,356.67.

NVR Trading Up 0.1 %

NYSE:NVR opened at $7,318.93 on Friday. The firm has a market capitalization of $21.73 billion, a price-to-earnings ratio of 14.42, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. The business has a fifty day moving average price of $7,538.87 and a 200-day moving average price of $8,509.57. NVR, Inc. has a one year low of $7,015.00 and a one 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 EPS for the quarter, topping the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. Sell-side analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its board has approved a share 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 purchase up to 2.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership 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.