NVR, Inc. (NYSE:NVR) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank reduced its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 27.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,103 shares of the construction company's stock after selling 423 shares during the period. Toronto Dominion Bank's holdings in NVR were worth $10,822,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Drive Wealth Management LLC boosted its position in NVR by 7.7% in the 2nd quarter. Drive Wealth Management LLC now owns 28 shares of the construction company's stock valued at $212,000 after buying an additional 2 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in NVR by 0.6% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 314 shares of the construction company's stock valued at $2,383,000 after purchasing an additional 2 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its holdings in shares of NVR by 8.7% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 25 shares of the construction company's stock worth $190,000 after buying an additional 2 shares during the period. Massmutual Trust Co. FSB ADV grew its position in shares of NVR by 100.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company's stock worth $39,000 after buying an additional 2 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of NVR by 13.3% in the third quarter. GAMMA Investing LLC now owns 17 shares of the construction company's stock valued at $167,000 after acquiring an additional 2 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NVR. StockNews.com downgraded shares of NVR from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Seaport Res Ptn downgraded NVR from a "strong-buy" rating to a "hold" rating in a research report on Sunday, November 10th. UBS Group increased their price objective on NVR from $8,450.00 to $9,450.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price target on NVR from $9,820.00 to $9,245.00 and set a "neutral" rating for the company in a report on Friday. Finally, Bank of America cut their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a "buy" rating on the stock in a report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $9,765.00.

NVR Stock Performance

NVR stock traded down $208.97 during trading hours on Friday, hitting $8,587.63. 23,868 shares of the stock traded hands, compared to its average volume of 19,435. The firm's 50 day moving average price is $9,250.20 and its 200-day moving average price is $8,738.77. The stock has a market capitalization of $26.28 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 1.90 and a beta of 1.18. NVR, Inc. has a 1 year low of $6,768.02 and a 1 year high of $9,964.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.21 and a quick ratio of 3.54.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing the consensus estimate of $131.00 by ($0.50). The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. The business's revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $125.26 earnings per share. As a group, equities analysts expect that NVR, Inc. will post 494.48 EPS for the current fiscal year.

NVR declared that its board has authorized a share 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 often a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling at NVR

In related news, CAO Matthew B. Kelpy sold 400 shares of the business's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 208 shares in the company, valued at $1,965,600. The trade was a 65.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David A. Preiser sold 250 shares of the firm's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the sale, the director now owns 239 shares in the company, valued at approximately $2,223,330.96. This represents a 51.12 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 775 shares of company stock valued at $7,294,073. 7.00% of the stock is owned by insiders.

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.