NVR, Inc. $NVR Shares Sold by Todd Asset Management LLC

Todd Asset Management LLC trimmed its stake in shares of NVR, Inc. (NYSE:NVR) by 86.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 326 shares of the construction company’s stock after selling 2,006 shares during the quarter. Todd Asset Management LLC’s holdings in NVR were worth $2,619,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NVR. Assetmark Inc. boosted its holdings in shares of NVR by 50.0% in the second quarter. Assetmark Inc. now owns 6 shares of the construction company’s stock worth $44,000 after buying an additional 2 shares during the period. State of Wyoming acquired a new position in NVR in the 2nd quarter worth approximately $44,000. CYBER HORNET ETFs LLC purchased a new position in NVR during the 2nd quarter worth approximately $59,000. Financial Gravity Companies Inc. acquired a new stake in NVR during the 2nd quarter valued at $66,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of NVR in the second quarter valued at $66,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Wall Street Analyst Weigh In

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

NVR Trading Down 7.2%

Shares of NYSE NVR opened at $7,511.54 on Tuesday. The business has a 50 day simple moving average of $7,572.76 and a 200 day simple moving average of $7,710.93. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $8,618.28. The stock has a market cap of $20.96 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 2.41 and a beta of 1.03. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.71 and a current ratio of 6.21.

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

NVR announced that its board has authorized a share buyback program on Wednesday, February 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 3.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In other news, CAO Matthew B. Kelpy sold 500 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan Williamson Ross sold 200 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $8,091.62, for a total value of $1,618,324.00. Following the completion of the sale, the director directly owned 386 shares of the company’s stock, valued at $3,123,365.32. This represents a 34.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 920 shares of company stock valued at $7,428,324. 7.80% of the stock is currently owned by corporate insiders.

NVR Profile

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.