NVR, Inc. (NVR) Shares Sold by Todd Asset Management LLC

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Todd Asset Management LLC decreased its position in NVR, Inc. (NYSE:NVR) by 39.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,914 shares of the construction company’s stock after selling 5,795 shares during the period. Todd Asset Management LLC owned 0.25% of NVR worth $22,024,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Alliancebernstein L.P. raised its position in shares of NVR by 3.4% during the third quarter. Alliancebernstein L.P. now owns 5,213 shares of the construction company’s stock worth $12,880,000 after purchasing an additional 169 shares during the period. Piedmont Investment Advisors Inc. acquired a new stake in shares of NVR during the third quarter worth about $566,000. Twin Capital Management Inc. raised its position in shares of NVR by 168.2% during the third quarter. Twin Capital Management Inc. now owns 346 shares of the construction company’s stock worth $855,000 after purchasing an additional 217 shares during the period. Montag A & Associates Inc. acquired a new stake in shares of NVR during the third quarter worth about $346,000. Finally, Prudential Financial Inc. raised its position in shares of NVR by 13.1% during the third quarter. Prudential Financial Inc. now owns 24,558 shares of the construction company’s stock worth $60,678,000 after purchasing an additional 2,836 shares during the period. Institutional investors and hedge funds own 77.99% of the company’s stock.

Shares of NVR stock opened at $2,435.33 on Tuesday. NVR, Inc. has a 52-week low of $2,040.71 and a 52-week high of $3,700.00. The company has a market capitalization of $8.68 billion, a P/E ratio of 17.20, a PEG ratio of 0.93 and a beta of 0.62. The company has a current ratio of 3.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.36.

NVR (NYSE:NVR) last announced its earnings results on Thursday, October 18th. The construction company reported $48.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $50.94 by ($2.66). NVR had a net margin of 10.10% and a return on equity of 47.30%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the business posted $38.02 EPS. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. Research analysts forecast that NVR, Inc. will post 185.25 earnings per share for the current year.

NVR declared that its board has authorized a share buyback plan on Wednesday, August 1st that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

NVR has been the topic of a number of research analyst reports. ValuEngine lowered NVR from a “sell” rating to a “strong sell” rating in a research report on Friday, September 28th. Zacks Investment Research lowered NVR from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. JPMorgan Chase & Co. reissued a “$2,892.50” rating and issued a $3,100.00 target price (down previously from $3,450.00) on shares of NVR in a research report on Monday, July 23rd. Wells Fargo & Co reissued a “market perform” rating and issued a $2,410.00 target price (down previously from $3,780.00) on shares of NVR in a research report on Friday, October 19th. Finally, MKM Partners dropped their target price on NVR to $3,100.00 and set a “neutral” rating on the stock in a research report on Friday, August 3rd. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $3,104.33.

In other NVR news, insider Jeffrey D. Martchek sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $2,713.28, for a total value of $2,713,280.00. Following the completion of the transaction, the insider now directly owns 5,198 shares in the company, valued at $14,103,629.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey D. Martchek sold 4,411 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The shares were sold at an average price of $2,385.93, for a total value of $10,524,337.23. Following the completion of the transaction, the insider now owns 8,609 shares of the company’s stock, valued at $20,540,471.37. The disclosure for this sale can be found here. In the last three months, insiders sold 25,464 shares of company stock worth $56,404,167. 12.00% of the stock is owned by insiders.

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About NVR

NVR, Inc operates as a homebuilder in the United States. The company operates through four segments: Mid Atlantic, North East, Mid East, and South East. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names.

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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