TD Asset Management Inc Sells 1,459 Shares of NVR, Inc. $NVR

TD Asset Management Inc lessened its stake in NVR, Inc. (NYSE:NVR) by 7.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,946 shares of the construction company’s stock after selling 1,459 shares during the period. TD Asset Management Inc’s holdings in NVR were worth $123,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NVR. Brighton Jones LLC grew its stake in NVR by 68.9% in the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock valued at $622,000 after purchasing an additional 31 shares during the last quarter. Woodline Partners LP grew its stake in NVR by 28.4% in the first quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock valued at $1,833,000 after purchasing an additional 56 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in NVR by 100.0% in the second quarter. EverSource Wealth Advisors LLC now owns 10 shares of the construction company’s stock valued at $75,000 after purchasing an additional 5 shares during the last quarter. Cerity Partners LLC grew its stake in NVR by 7.9% in the second quarter. Cerity Partners LLC now owns 409 shares of the construction company’s stock valued at $3,021,000 after purchasing an additional 30 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in NVR by 3.7% in the second quarter. Daiwa Securities Group Inc. now owns 449 shares of the construction company’s stock valued at $3,316,000 after purchasing an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analyst Upgrades and Downgrades

NVR has been the topic of several analyst reports. Seaport Research Partners reiterated a “sell” rating and issued a $5,664.00 target price on shares of NVR in a research note on Tuesday, April 7th. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Bank of America cut their target price on NVR from $8,600.00 to $8,225.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Truist Financial cut their target price on NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Finally, Weiss Ratings lowered NVR from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, NVR has an average rating of “Hold” and an average target price of $7,649.33.

Insider Buying and Selling at NVR

In other NVR news, Director Michael J. Devito purchased 11 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were acquired at an average price of $6,699.50 per share, for a total transaction of $73,694.50. Following the completion of the purchase, the director owned 25 shares of the company’s stock, valued at approximately $167,487.50. The trade was a 78.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 8.60% of the company’s stock.

NVR Price Performance

Shares of NVR stock opened at $6,184.31 on Friday. NVR, Inc. has a fifty-two week low of $5,501.01 and a fifty-two week high of $8,618.28. The firm has a market capitalization of $16.69 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 4.51 and a beta of 0.93. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.67 and a current ratio of 5.19. The stock’s 50-day simple moving average is $6,339.04 and its 200-day simple moving average is $7,015.01.

NVR (NYSE:NVR) last issued its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). NVR had a return on equity of 32.66% and a net margin of 12.93%.The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter in the previous year, the firm posted $94.83 EPS. NVR’s revenue was down 21.7% on a year-over-year basis. As a group, equities analysts forecast that NVR, Inc. will post 375.15 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has authorized a share buyback program on Wednesday, February 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire up to 3.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

NVR Company Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.