TD Private Client Wealth LLC Has $1.02 Million Stock Position in NVR, Inc. (NYSE:NVR)

TD Private Client Wealth LLC cut its holdings in NVR, Inc. (NYSE:NVR) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm 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 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in shares of NVR by 150.0% during the fourth 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 last quarter. Private Trust Co. NA lifted its position in NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after purchasing an additional 2 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of NVR in the 3rd quarter worth about $49,000. Smartleaf Asset Management LLC boosted its stake in shares of NVR by 75.0% in the 4th 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 bought a new stake in NVR in the third quarter valued at approximately $59,000. 83.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NVR news, Director Thomas D. Eckert sold 143 shares of the firm’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 value of $1,074,730.80. Following the completion of the transaction, the director now owns 1,050 shares of the company’s stock, valued at $7,891,380. This trade represents a 11.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 7.00% of the stock is owned by company insiders.

NVR Stock Performance

NVR stock opened at $7,181.22 on Monday. NVR, Inc. has a one year low of $7,015.00 and a one year high of $9,964.77. The firm has a market cap of $21.32 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 2.39 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The firm has a 50-day simple moving average of $7,606.71 and a two-hundred day simple moving average of $8,550.75.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. On average, equities analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its board has initiated a share buyback plan on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have 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 raised their price target on NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $9,356.67.

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.