Chevy Chase Trust Holdings LLC Sells 41 Shares of NVR, Inc. (NYSE:NVR)

Chevy Chase Trust Holdings LLC decreased its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,618 shares of the construction company's stock after selling 41 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of NVR worth $13,233,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. bought a new stake in shares of NVR in the third quarter worth $39,000. Rakuten Securities Inc. acquired a new stake in NVR during the 3rd quarter worth about $39,000. Private Trust Co. NA grew its holdings in NVR by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock worth $49,000 after acquiring an additional 2 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in NVR during the 3rd quarter worth about $49,000. Finally, Quantbot Technologies LP acquired a new stake in NVR during the 3rd quarter worth about $59,000. Institutional investors own 83.67% of the company's stock.

Insider Activity

In related news, Director Thomas D. Eckert sold 143 shares of the firm's stock in a transaction dated 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 transaction, the director now owns 1,050 shares of the company's stock, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NVR has been the subject of a number of recent analyst reports. Seaport Res Ptn downgraded NVR from a "strong-buy" rating to a "hold" rating in a report on Sunday, November 10th. Bank of America decreased their price target on NVR from $10,800.00 to $10,600.00 and set a "buy" rating for the company in a report on Wednesday, October 23rd. StockNews.com downgraded NVR from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. UBS Group increased their price target on NVR from $8,750.00 to $8,900.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. decreased their price target on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $9,356.67.

NVR Stock Up 1.0 %

Shares of NVR traded up $71.67 during trading hours on Thursday, hitting $7,248.58. The stock had a trading volume of 19,898 shares, compared to its average volume of 27,397. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. The firm has a 50 day simple moving average of $8,020.82 and a 200-day simple moving average of $8,789.32. The firm has a market capitalization of $21.67 billion, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20. NVR, Inc. has a 1-year low of $7,073.38 and a 1-year high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. Sell-side analysts predict that NVR, Inc. will post 512.33 EPS for the current fiscal year.

NVR declared that its Board of Directors has authorized a stock buyback plan on Wednesday, December 11th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 2.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board believes its shares are undervalued.

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.