Chevy Chase Trust Holdings LLC Sells 41 Shares of NVR, Inc. (NYSE:NVR)

Chevy Chase Trust Holdings LLC lowered its stake in shares of NVR, Inc. (NYSE:NVR) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,618 shares of the construction company’s stock after selling 41 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in NVR were worth $13,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. bought a new stake in shares of NVR during the third quarter valued at approximately $39,000. Rakuten Securities Inc. bought a new stake in NVR in the third quarter worth $39,000. Private Trust Co. NA increased its position in NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after purchasing an additional 2 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in NVR in the third quarter worth $49,000. Finally, Quantbot Technologies LP bought a new stake in NVR in the third quarter worth $59,000. Institutional investors own 83.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NVR shares. JPMorgan Chase & Co. reduced their price target on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. UBS Group boosted their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Seaport Res Ptn cut shares of NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Bank of America reduced their price target on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9,356.67.

Insider Activity

In other news, Director Thomas D. Eckert sold 143 shares of the business’s stock in a transaction 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 directly owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 7.00% of the company’s stock.

NVR Trading Up 0.2 %

NVR stock opened at $7,359.53 on Monday. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. NVR, Inc. has a twelve month low of $7,227.09 and a twelve month high of $9,964.77. The stock has a market capitalization of $22.52 billion, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 2.51 and a beta of 1.20. The firm’s fifty day simple moving average is $8,122.07 and its two-hundred day simple moving average is $8,818.45.

NVR (NYSE:NVR) last posted its quarterly earnings data 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 net margin of 16.34% and a return on equity of 39.58%. As a group, analysts anticipate that NVR, Inc. will post 512.33 earnings per share for the current year.

NVR announced that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 2.8% of its shares through open market purchases. Shares buyback plans are typically a sign 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.