NVR, Inc. $NVR Shares Sold by TD Asset Management Inc

TD Asset Management Inc decreased its position in shares of NVR, Inc. (NYSE:NVR) by 11.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 18,405 shares of the construction company’s stock after selling 2,268 shares during the quarter. TD Asset Management Inc’s holdings in NVR were worth $147,878,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NVR. Assetmark Inc. increased its position in shares of NVR by 50.0% during the 2nd quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock valued at $44,000 after purchasing an additional 2 shares during the period. State of Wyoming acquired a new stake in shares of NVR during the second quarter worth $44,000. Zions Bancorporation National Association UT lifted its stake in NVR by 600.0% during the third quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock valued at $56,000 after buying an additional 6 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of NVR in the 2nd quarter valued at approximately $59,000. Finally, Financial Gravity Companies Inc. purchased a new stake in shares of NVR in the second quarter valued at $66,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Matthew B. Kelpy sold 500 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total transaction of $4,050,000.00. Following the completion of the transaction, the chief accounting officer directly owned 208 shares in the company, valued at approximately $1,684,800. The trade was a 70.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan Williamson Ross sold 220 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $8,000.00, for a total transaction of $1,760,000.00. Following the completion of the sale, the director owned 386 shares in the company, valued at $3,088,000. This represents a 36.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,120 shares of company stock worth $9,012,736 in the last ninety days. Insiders own 7.00% of the company’s stock.

NVR Price Performance

NYSE:NVR opened at $7,280.68 on Thursday. The firm has a market cap of $20.31 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 2.58 and a beta of 1.03. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $8,618.28. The company’s 50-day moving average price is $7,568.99 and its two-hundred day moving average price is $7,693.20. The company has a quick ratio of 3.71, a current ratio of 6.21 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR) last posted its quarterly earnings data on Wednesday, January 28th. The construction company reported $121.54 EPS for the quarter, topping analysts’ consensus estimates of $105.42 by $16.12. NVR had a return on equity of 34.28% and a net margin of 13.27%.The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the previous year, the firm earned $139.93 earnings per share. The business’s revenue was down 5.2% on a year-over-year basis. On average, equities analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 11th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several analysts recently commented on NVR shares. Weiss Ratings restated a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. UBS Group set a $8,100.00 price objective on NVR in a research note on Friday, February 13th. Zelman & Associates raised shares of NVR from a “sell” rating to a “hold” rating and set a $7,675.00 target price for the company in a research report on Thursday, January 29th. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, BTIG Research began coverage on NVR in a research report on Monday, December 1st. They set a “buy” rating and a $9,022.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $8,279.40.

About NVR

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.