Scotia Capital Inc. Lowers Stake in NVR, Inc. (NYSE:NVR)

Scotia Capital Inc. cut its stake in NVR, Inc. (NYSE:NVR) by 7.5% during the fourth quarter, HoldingsChannel reports. The fund owned 74 shares of the construction company’s stock after selling 6 shares during the quarter. Scotia Capital Inc.’s holdings in NVR were worth $605,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in NVR. Proficio Capital Partners LLC bought a new stake in NVR during the fourth quarter valued at about $3,277,825,000. Vanguard Group Inc. boosted its holdings in shares of NVR by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 342,460 shares of the construction company’s stock valued at $2,800,946,000 after buying an additional 1,147 shares in the last quarter. 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 grew its position in shares of NVR by 3.2% in the 4th quarter. Boston Partners now owns 51,844 shares of the construction company’s stock worth $424,066,000 after buying an additional 1,605 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of NVR by 9.3% during the 4th quarter. Invesco Ltd. now owns 38,549 shares of the construction company’s stock worth $315,288,000 after acquiring an additional 3,268 shares in the last quarter. 83.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Thomas D. Eckert sold 143 shares of the firm’s 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 directly owns 1,050 shares in the company, valued at $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 7.00% of the stock is currently owned by insiders.

NVR Stock Up 0.7 %

NVR stock opened at $7,255.55 on Tuesday. 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, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77. The stock has a market capitalization of $21.54 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 2.39 and a beta of 1.07. The firm has a 50 day moving average of $7,252.16 and a 200 day moving average of $8,274.97.

NVR (NYSE:NVR) last announced its quarterly earnings data 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%. Sell-side analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on NVR. JPMorgan Chase & Co. cut 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 report on Wednesday, January 29th. UBS Group boosted 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 investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.