Avalon Trust Co Trims Stock Position in NVR, Inc. (NYSE:NVR)

Avalon Trust Co cut its position in shares of NVR, Inc. (NYSE:NVR) by 0.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,238 shares of the construction company’s stock after selling 29 shares during the quarter. NVR makes up approximately 1.9% of Avalon Trust Co’s portfolio, making the stock its 12th biggest position. Avalon Trust Co’s holdings in NVR were worth $26,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its stake in shares of NVR by 150.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock valued at $41,000 after acquiring an additional 3 shares during the period. Private Trust Co. NA raised its stake in shares of NVR by 66.7% in the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after acquiring an additional 2 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of NVR in the 3rd quarter valued at approximately $49,000. Smartleaf Asset Management LLC grew its holdings in shares of NVR by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock valued at $57,000 after purchasing an additional 3 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of NVR in the third quarter valued at approximately $59,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

NVR Trading Up 1.4 %

NYSE NVR opened at $7,228.03 on Friday. 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 $7,015.00 and a 52 week high of $9,964.77. The stock has a market capitalization of $21.61 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. The firm has a 50 day moving average of $7,677.46 and a two-hundred day moving average of $8,620.24.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, topping the consensus estimate 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, research analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to buy up to 2.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Thomas D. Eckert sold 143 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were 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. The trade was a 11.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 7.00% of the stock is currently owned by company insiders.

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.