NVR, Inc. (NYSE:NVR) Shares Sold by Dock Street Asset Management Inc.

Dock Street Asset Management Inc. decreased its stake in NVR, Inc. (NYSE:NVR) by 9.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,837 shares of the construction company’s stock after selling 195 shares during the period. NVR makes up 1.8% of Dock Street Asset Management Inc.’s investment portfolio, making the stock its 18th largest holding. Dock Street Asset Management Inc. owned 0.06% of NVR worth $15,025,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Livforsakringsbolaget Skandia Omsesidigt boosted its position in NVR by 4,400.0% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 675 shares of the construction company’s stock worth $5,521,000 after purchasing an additional 660 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of NVR by 17.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 370 shares of the construction company’s stock worth $3,026,000 after buying an additional 55 shares in the last quarter. Bleakley Financial Group LLC grew its stake in NVR by 7.7% in the 4th quarter. Bleakley Financial Group LLC now owns 28 shares of the construction company’s stock valued at $229,000 after acquiring an additional 2 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in NVR by 49.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 295 shares of the construction company’s stock valued at $2,420,000 after acquiring an additional 98 shares in the last quarter. Finally, Caas Capital Management LP acquired a new position in NVR during the fourth quarter worth about $1,153,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on NVR shares. StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. UBS Group raised their price target on NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price target 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. Bank of America decreased their price objective on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $9,356.67.

NVR Stock Down 0.7 %

Shares of NYSE:NVR opened at $7,736.93 on Friday. The company has a current ratio of 6.21, a quick ratio of 3.54 and a debt-to-equity ratio of 0.21. The firm has a market cap of $23.67 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 2.60 and a beta of 1.20. The stock’s 50-day moving average price is $8,322.18 and its two-hundred day moving average price is $8,862.85. NVR, Inc. has a 12-month low of $7,227.09 and a 12-month high of $9,964.77.

NVR (NYSE:NVR) last released its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) 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 39.58%. On average, research analysts forecast that NVR, Inc. will post 512.33 EPS for the current year.

NVR announced that its board has initiated a share buyback plan on Wednesday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

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.