NVR, Inc. (NYSE:NVR) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC lessened its holdings in NVR, Inc. (NYSE:NVR) by 2.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 125 shares of the construction company’s stock after selling 3 shares during the quarter. TD Private Client Wealth LLC’s holdings in NVR were worth $1,022,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Peak Financial Advisors LLC bought a new stake in shares of NVR in the 4th quarter valued at approximately $1,235,000. JPMorgan Chase & Co. boosted its holdings in shares of NVR by 18.8% in the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock worth $136,580,000 after buying an additional 2,206 shares during the period. Charles Schwab Investment Management Inc. grew its stake 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 acquiring an additional 644 shares in the last quarter. Markel Group Inc. increased its stake in shares of NVR by 0.9% in the fourth quarter. Markel Group Inc. now owns 11,814 shares of the construction company’s stock worth $96,626,000 after acquiring an additional 110 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in NVR by 11.0% during the third quarter. Brown Brothers Harriman & Co. now owns 2,514 shares of the construction company’s stock valued at $24,667,000 after acquiring an additional 250 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on NVR. JPMorgan Chase & Co. cut their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. UBS Group lifted their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $9,356.67.

Insiders Place Their Bets

In related news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the sale, the director now owns 1,050 shares in the company, valued at approximately $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 7.00% of the company’s stock.

NVR Price Performance

NYSE:NVR opened at $7,181.22 on Monday. The firm’s fifty day moving average price is $7,606.71 and its two-hundred day moving average price is $8,550.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. The company has a market cap of $21.32 billion, a P/E ratio of 14.15, a P/E/G ratio of 2.39 and a beta of 1.25. NVR, Inc. has a one year low of $7,015.00 and a one year high of $9,964.77.

NVR (NYSE:NVR) last issued its earnings results 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 return on equity of 39.67% and a net margin of 16.34%. Equities analysts expect that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its board has approved a stock buyback program on Wednesday, December 11th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to purchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

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.