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

M&T Bank Corp trimmed its holdings in shares of NVR, Inc. (NYSE:NVR) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 369 shares of the construction company’s stock after selling 12 shares during the quarter. M&T Bank Corp’s holdings in NVR were worth $2,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in NVR in the fourth quarter worth about $35,000. Criterion Capital Advisors LLC purchased a new position in shares of NVR in the 4th quarter valued at approximately $42,000. Allworth Financial LP raised its position in shares of NVR by 100.0% in the 4th quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock valued at $56,000 after purchasing an additional 4 shares during the last quarter. GAMMA Investing LLC acquired a new stake in NVR in the 4th quarter worth approximately $78,000. Finally, Planned Solutions Inc. purchased a new stake in NVR during the 4th quarter worth approximately $91,000. 83.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on NVR. StockNews.com raised shares of NVR from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. UBS Group raised their target price on NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th.

NVR Price Performance

Shares of NYSE:NVR opened at $7,563.00 on Thursday. The company has a current ratio of 6.52, a quick ratio of 3.97 and a debt-to-equity ratio of 0.21. NVR, Inc. has a twelve month low of $5,210.49 and a twelve month high of $8,211.40. The company’s 50 day moving average is $7,750.05 and its 200 day moving average is $7,079.95. The company has a market cap of $23.96 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 3.20 and a beta of 1.13.

NVR (NYSE:NVR) last released its quarterly earnings data on Tuesday, April 23rd. The construction company reported $116.41 earnings per share for the quarter, topping analysts’ consensus estimates of $103.97 by $12.44. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.25 billion. NVR had a net margin of 17.33% and a return on equity of 38.54%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $99.89 earnings per share. On average, sell-side analysts forecast that NVR, Inc. will post 487.53 EPS for the current year.

NVR declared that its Board of Directors has initiated a share repurchase program on Wednesday, February 14th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other news, CFO Daniel David Malzahn sold 202 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $7,484.82, for a total value of $1,511,933.64. Following the completion of the transaction, the chief financial officer now owns 13,859 shares of the company’s stock, valued at approximately $103,732,120.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other NVR news, CAO Matthew B. Kelpy sold 150 shares of NVR stock in a transaction on Monday, February 12th. The shares were sold at an average price of $7,500.00, for a total value of $1,125,000.00. Following the completion of the transaction, the chief accounting officer now owns 230 shares of the company’s stock, valued at $1,725,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Daniel David Malzahn sold 202 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $7,484.82, for a total transaction of $1,511,933.64. Following the sale, the chief financial officer now directly owns 13,859 shares in the company, valued at $103,732,120.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,302 shares of company stock valued at $39,766,492. Company insiders own 7.00% of the company’s stock.

NVR 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.