Renaissance Technologies LLC Lowers Position in NVR, Inc. (NYSE:NVR)

Renaissance Technologies LLC lessened its holdings in shares of NVR, Inc. (NYSE:NVR) by 50.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 430 shares of the construction company’s stock after selling 430 shares during the period. Renaissance Technologies LLC’s holdings in NVR were worth $3,517,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of NVR. Wilmington Savings Fund Society FSB purchased a new position in NVR in the 3rd quarter worth approximately $49,000. Franklin Resources Inc. lifted its holdings in shares of NVR by 23.3% during the 3rd quarter. Franklin Resources Inc. now owns 9,432 shares of the construction company’s stock worth $91,796,000 after acquiring an additional 1,780 shares during the last quarter. JPMorgan Chase & Co. grew its position in NVR by 18.8% in the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock worth $136,580,000 after acquiring an additional 2,206 shares in the last quarter. GAMMA Investing LLC increased its stake in NVR by 11.8% in the fourth quarter. GAMMA Investing LLC now owns 19 shares of the construction company’s stock valued at $155,000 after acquiring an additional 2 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in NVR during the fourth quarter valued at about $409,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NVR shares. 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 upped their target price on NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, NVR currently has a consensus rating of “Hold” and an average price target of $9,356.67.

NVR Stock Performance

NYSE NVR opened at $7,162.69 on Wednesday. The company has a 50-day simple moving average of $7,213.19 and a two-hundred day simple moving average of $8,178.52. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The firm has a market cap of $21.27 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 2.39 and a beta of 1.07. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22.

NVR (NYSE:NVR) last released its earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share for the quarter, missing analysts’ consensus estimates of $107.87 by ($13.04). NVR had a net margin of 16.34% and a return on equity of 39.67%. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.35 billion. On average, equities analysts forecast that NVR, Inc. will post 505.2 EPS for the current year.

Insider Buying and Selling at NVR

In other news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction dated 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 completion of the sale, 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 7.80% of the company’s stock.

NVR Profile

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.