Summit Investment Advisors Inc. Decreases Stock Holdings in NVR, Inc. (NYSE:NVR)

Summit Investment Advisors Inc. reduced its holdings in NVR, Inc. (NYSE:NVR) by 10.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 206 shares of the construction company’s stock after selling 25 shares during the period. Summit Investment Advisors Inc.’s holdings in NVR were worth $1,685,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in NVR. Peak Financial Advisors LLC purchased a new position in NVR in the fourth quarter worth about $1,235,000. JPMorgan Chase & Co. lifted its stake in shares of NVR by 18.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock valued at $136,580,000 after purchasing an additional 2,206 shares during the last quarter. OLD Mission Capital LLC purchased a new position in shares of NVR in the 4th quarter worth approximately $1,701,000. Markel Group Inc. increased its position in shares of NVR by 0.9% during the 4th quarter. Markel Group Inc. now owns 11,814 shares of the construction company’s stock valued at $96,626,000 after purchasing an additional 110 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in NVR by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,940 shares of the construction company’s stock valued at $171,266,000 after buying an additional 644 shares during the period. 83.67% of the stock is currently owned by institutional investors.

Insider Transactions at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 1,050 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. UBS Group lifted their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target 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. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, NVR currently has a consensus rating of “Hold” and a consensus target price of $9,356.67.

NVR Stock Performance

Shares of NVR stock opened at $7,222.31 on Wednesday. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The stock’s fifty day moving average is $7,241.87 and its two-hundred day moving average is $8,267.66. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77. The company has a market capitalization of $21.44 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 2.39 and a beta of 1.07.

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

NVR Company 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.