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

Comerica Bank lessened its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 19.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 491 shares of the construction company's stock after selling 119 shares during the period. Comerica Bank's holdings in NVR were worth $4,016,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Wilmington Savings Fund Society FSB purchased a new stake in NVR in the 3rd quarter worth approximately $49,000. EverSource Wealth Advisors LLC lifted its position in NVR by 150.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock worth $41,000 after buying an additional 3 shares during the period. Smartleaf Asset Management LLC boosted its stake in NVR by 75.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock worth $57,000 after buying an additional 3 shares during the last quarter. GAMMA Investing LLC grew its holdings in NVR by 11.8% in the 4th quarter. GAMMA Investing LLC now owns 19 shares of the construction company's stock valued at $155,000 after buying an additional 2 shares during the period. Finally, Cullen Frost Bankers Inc. increased its stake in shares of NVR by 122.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 20 shares of the construction company's stock valued at $164,000 after acquiring an additional 11 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NVR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. UBS Group cut their target price on 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 analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, NVR currently has a consensus rating of "Hold" and a consensus price target of $9,023.33.

Insider Transactions at NVR

In related news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction dated Monday, February 10th. The stock was 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 approximately $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.00% of the company's stock.

NVR Stock Down 1.0 %

Shares of NYSE:NVR traded down $74.78 during mid-day trading on Friday, hitting $7,152.97. 13,164 shares of the company traded hands, compared to its average volume of 22,131. The firm's 50 day simple moving average is $7,183.79 and its 200 day simple moving average is $7,950.16. The firm has a market cap of $21.24 billion, a P/E ratio of 14.09, a PEG ratio of 2.39 and a beta of 1.02. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The construction company reported $94.83 EPS for the quarter, missing analysts' consensus estimates of $107.87 by ($13.04). The firm 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, equities analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its Board of Directors has authorized a share repurchase plan on Tuesday, May 6th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to buy up to 3.6% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its shares are undervalued.

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.