Bank of New York Mellon Corp Has $143.36 Million Stock Position in NVR, Inc. (NYSE:NVR)

Bank of New York Mellon Corp reduced its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,528 shares of the construction company's stock after selling 516 shares during the period. Bank of New York Mellon Corp owned about 0.57% of NVR worth $143,361,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Pine Valley Investments Ltd Liability Co bought a new stake in NVR in the fourth quarter valued at about $949,000. Y Intercept Hong Kong Ltd acquired a new position in shares of NVR in the 4th quarter worth approximately $1,480,000. Townsend & Associates Inc grew its position in shares of NVR by 4.9% in the 4th quarter. Townsend & Associates Inc now owns 428 shares of the construction company's stock worth $3,573,000 after acquiring an additional 20 shares in the last quarter. PYA Waltman Capital LLC increased its holdings in shares of NVR by 20.2% in the 4th quarter. PYA Waltman Capital LLC now owns 523 shares of the construction company's stock valued at $4,278,000 after acquiring an additional 88 shares during the last quarter. Finally, ING Groep NV raised its position in shares of NVR by 41.0% during the 4th quarter. ING Groep NV now owns 1,991 shares of the construction company's stock valued at $16,284,000 after acquiring an additional 579 shares in the last quarter. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 1,050 shares in the company, valued at $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 7.00% of the company's stock.

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NVR Stock Performance

NVR stock traded up $43.45 during mid-day trading on Tuesday, reaching $7,243.74. The company had a trading volume of 14,352 shares, compared to its average volume of 27,263. NVR, Inc. has a one year low of $7,015.00 and a one year high of $9,964.77. The stock has a market capitalization of $21.66 billion, a P/E ratio of 14.27, a P/E/G ratio of 2.39 and a beta of 1.20. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The stock's 50-day simple moving average is $7,827.04 and its two-hundred day simple moving average is $8,720.85.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. Research analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NVR shares. Seaport Res Ptn downgraded shares of NVR from a "strong-buy" rating to a "hold" rating in a report on Sunday, November 10th. UBS Group lifted their price target on shares of NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a research report on Wednesday, January 29th. Finally, StockNews.com cut shares of NVR from a "buy" rating to a "hold" rating in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $9,356.67.

About NVR

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.