TD Asset Management Inc. Trims Stock Holdings in NVR, Inc. (NYSE:NVR)

TD Asset Management Inc. cut its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,417 shares of the construction company's stock after selling 1,972 shares during the period. TD Asset Management Inc. owned 0.67% of NVR worth $166,989,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Private Trust Co. NA increased its position in NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock worth $49,000 after buying an additional 2 shares in the last quarter. GAMMA Investing LLC increased its holdings in NVR by 11.8% in the 4th quarter. GAMMA Investing LLC now owns 19 shares of the construction company's stock worth $155,000 after acquiring an additional 2 shares in the last quarter. Crestmont Private Wealth LLC increased its holdings in NVR by 3.9% in the 4th quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company's stock worth $433,000 after acquiring an additional 2 shares in the last quarter. Lakewood Asset Management LLC raised its stake in NVR by 0.5% during the 4th quarter. Lakewood Asset Management LLC now owns 392 shares of the construction company's stock worth $3,206,000 after acquiring an additional 2 shares during the period. Finally, Exchange Traded Concepts LLC lifted its holdings in NVR by 5.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 36 shares of the construction company's stock valued at $294,000 after purchasing an additional 2 shares in the last quarter. 83.67% of the stock is owned by institutional investors.

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Insider Buying and Selling

In other news, Director Thomas D. Eckert sold 143 shares of the firm's 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 transaction of $1,074,730.80. Following the transaction, the director now directly owns 1,050 shares of the company's stock, valued at approximately $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NVR. UBS Group lifted their target price on NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $9,356.67.

NVR Trading Down 2.1 %

Shares of NVR traded down $151.34 during midday trading on Friday, hitting $7,163.11. The stock had a trading volume of 19,501 shares, compared to its average volume of 21,724. The stock's 50 day moving average is $7,514.50 and its 200 day moving average is $8,491.50. The firm has a market cap of $21.27 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. NVR, Inc. has a 1 year low of $7,015.00 and a 1 year high of $9,964.77.

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

NVR announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 11th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares repurchase programs are usually 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.