Bank of America Corp DE Trims Holdings in NVR, Inc. (NYSE:NVR)

Bank of America Corp DE lowered its stake in NVR, Inc. (NYSE:NVR - Free Report) by 41.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,528 shares of the construction company's stock after selling 4,630 shares during the quarter. Bank of America Corp DE owned about 0.21% of NVR worth $53,392,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Lakewood Asset Management LLC grew its holdings in NVR by 0.5% during the 4th quarter. Lakewood Asset Management LLC now owns 392 shares of the construction company's stock valued at $3,206,000 after purchasing an additional 2 shares during the last quarter. Crestmont Private Wealth LLC boosted its stake in shares of NVR by 3.9% during the fourth quarter. Crestmont Private Wealth LLC now owns 53 shares of the construction company's stock valued at $433,000 after purchasing an additional 2 shares in the last quarter. Exchange Traded Concepts LLC lifted its position 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 acquiring an additional 2 shares during the last quarter. Empirical Finance LLC lifted its position in NVR by 2.0% during the fourth quarter. Empirical Finance LLC now owns 103 shares of the construction company's stock valued at $842,000 after acquiring an additional 2 shares during the last quarter. Finally, Bleakley Financial Group LLC lifted its position in NVR by 7.7% during the fourth quarter. Bleakley Financial Group LLC now owns 28 shares of the construction company's stock valued at $229,000 after acquiring an additional 2 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Price Performance

Shares of NYSE NVR traded up $104.85 during trading on Friday, hitting $7,351.47. The company had a trading volume of 17,118 shares, compared to its average volume of 22,072. The stock has a fifty day simple moving average of $7,171.46 and a two-hundred day simple moving average of $7,890.65. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,964.77. The firm has a market capitalization of $21.50 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The construction company reported $94.83 earnings per share for the quarter, missing analysts' consensus estimates of $107.87 by ($13.04). The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. NVR had a return on equity of 39.67% and a net margin of 16.34%. On average, research analysts expect that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its Board of Directors has approved a share repurchase program on Tuesday, May 6th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 3.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NVR. 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 note on Wednesday, January 29th. UBS Group dropped their price target on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Four equities 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, NVR has a consensus rating of "Hold" and a consensus price target of $9,023.33.

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.