Artisan Partners Limited Partnership Has $77.05 Million Stock Holdings in NVR, Inc. (NYSE:NVR)

Artisan Partners Limited Partnership decreased its stake in shares of NVR, Inc. (NYSE:NVR) by 60.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,420 shares of the construction company’s stock after selling 14,138 shares during the quarter. Artisan Partners Limited Partnership owned about 0.31% of NVR worth $77,045,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In related news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the transaction, the director now directly owns 1,050 shares in the company, valued at approximately $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 7.00% of the company’s stock.

Wall Street Analysts Forecast Growth

NVR has been the topic of several research analyst reports. UBS Group upped their price objective 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. JPMorgan Chase & Co. dropped their price target on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock 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. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $9,356.67.

NVR Stock Up 0.1 %

NVR stock opened at $7,318.93 on Friday. The company’s 50-day moving average price is $7,538.87 and its two-hundred day moving average price is $8,509.57. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The stock has a market cap of $21.73 billion, a P/E ratio of 14.42, a P/E/G ratio of 2.39 and a beta of 1.25. NVR, Inc. has a twelve month low of $7,015.00 and a twelve 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, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. As a group, analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to buy up to 2.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is 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.