NVR, Inc. (NYSE:NVR) Shares Sold by Avalon Trust Co

Avalon Trust Co lowered its holdings in NVR, Inc. (NYSE:NVR) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,238 shares of the construction company’s stock after selling 29 shares during the quarter. NVR accounts for 1.9% of Avalon Trust Co’s holdings, making the stock its 12th biggest position. Avalon Trust Co owned approximately 0.11% of NVR worth $26,483,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new stake in NVR during the fourth quarter valued at $3,277,825,000. Jennison Associates LLC acquired a new stake in NVR during the third quarter valued at $348,545,000. Mizuho Securities USA LLC grew its position in NVR by 6,454.8% during the third quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company’s stock valued at $162,071,000 after buying an additional 16,266 shares during the period. Raymond James Financial Inc. acquired a new stake in NVR during the fourth quarter valued at $37,942,000. Finally, Amundi grew its position in NVR by 82.9% during the fourth quarter. Amundi now owns 9,131 shares of the construction company’s stock valued at $73,102,000 after buying an additional 4,139 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Up 1.4 %

Shares of NYSE NVR opened at $7,228.03 on Friday. The company’s 50-day simple moving average is $7,677.46 and its 200-day simple moving average is $8,620.24. NVR, Inc. has a 52-week low of $7,015.00 and a 52-week high of $9,964.77. The firm has a market cap of $21.61 billion, a price-to-earnings ratio of 14.24, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. 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 (NYSE:NVR) last announced its earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating 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%. Equities analysts predict that NVR, Inc. will post 505.2 EPS for the current fiscal year.

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

Wall Street Analyst Weigh In

Several analysts recently commented on NVR shares. UBS Group raised their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped 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. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $9,356.67.

Insider Activity

In other news, Director Thomas D. Eckert sold 143 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the transaction, the director now directly owns 1,050 shares of the company’s stock, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 7.00% of the company’s stock.

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.