Geode Capital Management LLC Decreases Stock Holdings in NVR, Inc. (NYSE:NVR)

Geode Capital Management LLC lowered its position in shares of NVR, Inc. (NYSE:NVR) by 6.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,812 shares of the construction company’s stock after selling 4,945 shares during the period. Geode Capital Management LLC owned about 2.41% of NVR worth $602,118,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NVR. Proficio Capital Partners LLC purchased a new stake in shares of NVR during the fourth quarter worth about $3,277,825,000. Vanguard Group Inc. lifted its holdings in NVR by 0.3% in the 4th 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 during the period. Principal Financial Group Inc. grew its position in shares of NVR by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company’s stock worth $437,882,000 after buying an additional 1,549 shares during the last quarter. Boston Partners increased its stake 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 period. Finally, Jennison Associates LLC raised its holdings in shares of NVR by 5.7% during the fourth quarter. Jennison Associates LLC now owns 37,550 shares of the construction company’s stock valued at $307,118,000 after acquiring an additional 2,027 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

NVR Price Performance

NVR opened at $7,111.99 on Friday. The stock has a fifty day simple moving average of $7,423.17 and a two-hundred day simple moving average of $8,441.16. The company has a market cap of $21.12 billion, a price-to-earnings ratio of 14.01, 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 12-month low of $7,015.00 and a 12-month high of $9,964.77.

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

NVR announced that its board has authorized a share repurchase plan on Wednesday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to purchase up to 2.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. UBS Group boosted their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reduced 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 research 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $9,356.67.

Insider Activity at NVR

In other news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction dated 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 completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.80% of the stock is owned by corporate insiders.

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.