Sei Investments Co. Sells 1,258 Shares of NVR, Inc. (NYSE:NVR)

Sei Investments Co. cut its holdings in NVR, Inc. (NYSE:NVR) by 46.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,472 shares of the construction company’s stock after selling 1,258 shares during the period. Sei Investments Co.’s holdings in NVR were worth $12,039,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. increased its holdings in shares of NVR by 13.3% in the fourth quarter. American Century Companies Inc. now owns 4,494 shares of the construction company’s stock worth $36,756,000 after purchasing an additional 528 shares during the last quarter. Mizuho Securities USA LLC increased its stake in NVR by 45.0% during the fourth quarter. Mizuho Securities USA LLC now owns 290 shares of the construction company’s stock worth $2,372,000 after acquiring an additional 90 shares during the last quarter. Teacher Retirement System of Texas raised its position 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 valued at $81,323,000 after purchasing an additional 4,015 shares during the period. Boston Partners lifted its stake in shares of NVR by 3.2% in the 4th quarter. Boston Partners now owns 51,844 shares of the construction company’s stock valued at $424,066,000 after purchasing an additional 1,605 shares during the last quarter. Finally, Generali Asset Management SPA SGR purchased a new position in shares of NVR in the 4th quarter worth approximately $5,087,000. Institutional investors own 83.67% of the company’s stock.

Insider Buying and Selling at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction on Monday, February 10th. The stock was 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 represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 7.00% of the stock is owned by insiders.

NVR Price Performance

Shares of NVR stock opened at $7,163.11 on Friday. 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 company has a market capitalization of $21.27 billion, a P/E ratio of 14.11, a P/E/G ratio of 2.39 and a beta of 1.25. The company’s 50-day simple moving average is $7,514.50 and its two-hundred day simple moving average is $8,491.50. NVR, Inc. has a one year low of $7,015.00 and a one year high of $9,964.77.

NVR (NYSE:NVR) last announced its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, topping 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%. As a group, equities analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its Board of Directors has authorized 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 reacquire up to 2.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms have commented on NVR. JPMorgan Chase & Co. dropped 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 boosted their target price on NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NVR currently has a consensus 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.