NVR, Inc. (NYSE:NVR) Shares Sold by M&T Bank Corp

M&T Bank Corp cut its holdings in NVR, Inc. (NYSE:NVR) by 0.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 318 shares of the construction company’s stock after selling 2 shares during the period. M&T Bank Corp’s holdings in NVR were worth $2,601,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of NVR. Proficio Capital Partners LLC acquired a new position in shares of NVR in the 4th quarter valued at about $3,277,825,000. Jennison Associates LLC acquired a new position in NVR during the 3rd quarter valued at about $348,545,000. Mizuho Securities USA LLC boosted its stake in NVR by 6,454.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 16,518 shares of the construction company’s stock valued at $162,071,000 after purchasing an additional 16,266 shares during the period. KBC Group NV boosted its stake in NVR by 299.9% during the 3rd quarter. KBC Group NV now owns 5,622 shares of the construction company’s stock valued at $55,162,000 after purchasing an additional 4,216 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in NVR by 53.8% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 10,690 shares of the construction company’s stock valued at $104,888,000 after purchasing an additional 3,741 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

NVR Stock Down 1.3 %

NVR stock opened at $7,394.15 on Friday. NVR, Inc. has a 52 week low of $7,015.00 and a 52 week high of $9,964.77. The company has a market capitalization of $22.11 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. The firm’s 50-day moving average is $7,757.76 and its two-hundred day moving average is $8,682.24. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22.

NVR (NYSE:NVR) last released its quarterly earnings results 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, analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR announced that its board has approved a share repurchase 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 purchase up to 2.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In related 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 value of $1,074,730.80. Following the sale, the director now directly owns 1,050 shares in the company, valued at $7,891,380. The trade was a 11.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. UBS Group boosted their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Finally, JPMorgan Chase & Co. reduced their target price on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, NVR currently has a consensus rating of “Hold” and an average 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.