NVR, Inc. (NVR) Holdings Cut by Millennium Management LLC

Millennium Management LLC reduced its stake in NVR, Inc. (NYSE:NVR) by 54.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,262 shares of the construction company’s stock after selling 15,771 shares during the quarter. Millennium Management LLC owned 0.37% of NVR worth $32,319,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Cetera Investment Advisers purchased a new stake in shares of NVR during the fourth quarter worth about $205,000. National Pension Service boosted its position in shares of NVR by 211.1% in the fourth quarter. National Pension Service now owns 112 shares of the construction company’s stock worth $298,000 after acquiring an additional 76 shares during the last quarter. UBS Oconnor LLC lifted its position in NVR by 96.8% during the fourth quarter. UBS Oconnor LLC now owns 1,870 shares of the construction company’s stock valued at $4,557,000 after buying an additional 920 shares in the last quarter. Legal & General Group Plc lifted its position in NVR by 5.7% during the fourth quarter. Legal & General Group Plc now owns 20,367 shares of the construction company’s stock valued at $49,625,000 after buying an additional 1,104 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in NVR by 6.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 864 shares of the construction company’s stock valued at $2,106,000 after buying an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 79.71% of the company’s stock.

A number of research analysts have weighed in on NVR shares. Zacks Investment Research cut shares of NVR from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. Buckingham Research began coverage on shares of NVR in a research note on Friday, January 11th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. NVR has an average rating of “Hold” and an average target price of $2,994.83.

In other news, SVP Eugene James Bredow sold 1,000 shares of the company’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $2,699.74, for a total value of $2,699,740.00. Following the transaction, the senior vice president now owns 1,826 shares in the company, valued at approximately $4,929,725.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alexandra A. Jung bought 25 shares of the company’s stock in a transaction dated Tuesday, February 12th. The stock was acquired at an average price of $2,613.68 per share, for a total transaction of $65,342.00. Following the acquisition, the director now directly owns 25 shares in the company, valued at $65,342. The disclosure for this purchase can be found here. Insiders sold a total of 25,211 shares of company stock valued at $66,653,412 over the last three months. 11.10% of the stock is owned by corporate insiders.

Shares of NVR traded up $39.50 during midday trading on Friday, hitting $3,084.12. 23,895 shares of the stock traded hands, compared to its average volume of 18,969. The company has a market cap of $11.15 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 1.74 and a beta of 0.67. NVR, Inc. has a 1-year low of $2,040.71 and a 1-year high of $3,233.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.95 and a current ratio of 3.96.

NVR (NYSE:NVR) last issued its quarterly earnings results on Friday, January 25th. The construction company reported $58.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $50.67 by $7.90. NVR had a net margin of 11.38% and a return on equity of 48.57%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the prior year, the company earned $40.16 EPS. NVR’s revenue was up 9.9% on a year-over-year basis. Analysts predict that NVR, Inc. will post 176.79 EPS for the current year.

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NVR Profile

NVR, Inc operates as a homebuilder in the United States. It primarily constructs and sells 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.

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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