NVR, Inc. $NVR Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its position in NVR, Inc. (NYSE:NVR) by 8.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 13,716 shares of the construction company’s stock after selling 1,231 shares during the quarter. Bank of New York Mellon Corp’s holdings in NVR were worth $100,029,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of NVR by 68.9% in the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock valued at $622,000 after purchasing an additional 31 shares in the last quarter. Woodline Partners LP increased its stake in shares of NVR by 28.4% in the first quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock worth $1,833,000 after buying an additional 56 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings 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 acquiring an additional 5 shares in the last quarter. Cerity Partners LLC raised its holdings 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 acquiring an additional 30 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in NVR by 3.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 449 shares of the construction company’s stock valued at $3,316,000 after acquiring an additional 16 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NVR. BTIG Research reissued a “buy” rating and issued a $8,096.00 target price on shares of NVR in a research report on Wednesday, April 22nd. UBS Group decreased their price target on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Bank of America cut their price objective 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 reduced their target price on NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a report on Thursday, April 23rd. Finally, Seaport Research Partners reiterated a “sell” rating and issued a $5,664.00 target price on shares of NVR in a research report on Tuesday, April 7th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $7,649.33.

Insider Transactions at NVR

In related news, Director Michael J. Devito acquired 11 shares of the stock in a transaction that occurred on Friday, April 24th. The stock was purchased at an average cost of $6,699.50 per share, for a total transaction of $73,694.50. Following the purchase, the director directly owned 25 shares in the company, valued at $167,487.50. This represents a 78.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 8.60% of the stock is owned by corporate insiders.

NVR Price Performance

Shares of NYSE:NVR opened at $6,195.06 on Monday. The company has a market cap of $16.72 billion, a PE ratio of 15.10, a P/E/G ratio of 4.55 and a beta of 0.93. 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 50-day simple moving average of $6,331.98 and a 200 day simple moving average of $7,008.26. The company has a quick ratio of 2.67, a current ratio of 5.19 and a debt-to-equity ratio of 0.26.

NVR (NYSE:NVR) last posted its earnings results on Wednesday, April 22nd. The construction company reported $67.76 EPS for the quarter, missing the consensus estimate of $79.97 by ($12.21). The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $2.09 billion. NVR had a net margin of 12.93% and a return on equity of 32.66%. The firm’s revenue for the quarter was down 21.7% compared to the same quarter last year. During the same period last year, the company posted $94.83 earnings per share. On average, sell-side analysts anticipate that NVR, Inc. will post 375.15 EPS for the current year.

NVR announced that its board has authorized a share buyback program on Wednesday, February 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 3.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

About NVR

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.