Avalon Trust Co Sells 2,987 Shares of NVR, Inc. (NYSE:NVR)

Key Points

• Avalon Trust Co significantly reduced its holdings in NVR, Inc. by 92.2% to just 251 shares, decreasing their investment value to approximately $1.82 million.
• Other institutional investors, like GAMMA Investing LLC and Siemens Fonds Invest GmbH, made substantial increases to their positions in NVR, highlighting continued interest from large investment firms.
• NVR reported an EPS of $108.54 for the last quarter, exceeding analysts' expectations, and announced a stock buyback program of up to $750 million, indicating confidence in their stock value.

Avalon Trust Co lessened its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 92.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 251 shares of the construction company's stock after selling 2,987 shares during the period. Avalon Trust Co's holdings in NVR were worth $1,818,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Spire Wealth Management raised its holdings in NVR by 21.2% in the 1st quarter. Spire Wealth Management now owns 63 shares of the construction company's stock valued at $456,000 after acquiring an additional 11 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in NVR by 12.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 331 shares of the construction company's stock valued at $2,377,000 after acquiring an additional 36 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in NVR by 5.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 1,275 shares of the construction company's stock valued at $9,237,000 after acquiring an additional 63 shares in the last quarter. GAMMA Investing LLC raised its holdings in NVR by 15.8% in the 1st quarter. GAMMA Investing LLC now owns 22 shares of the construction company's stock valued at $159,000 after acquiring an additional 3 shares in the last quarter. Finally, Vise Technologies Inc. raised its holdings in NVR by 105.7% in the 4th quarter. Vise Technologies Inc. now owns 109 shares of the construction company's stock valued at $892,000 after acquiring an additional 56 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company's stock.

Analyst Ratings Changes

NVR has been the subject of several recent research reports. Wall Street Zen cut NVR from a "hold" rating to a "sell" rating in a report on Monday, June 30th. UBS Group upped their price target on NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. upped their price target on NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $8,783.33.

NVR Price Performance

Shares of NVR traded up $74.75 during mid-day trading on Tuesday, reaching $7,945.77. The company had a trading volume of 2,718 shares, compared to its average volume of 23,400. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,964.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. The company's 50-day moving average is $7,418.14 and its 200-day moving average is $7,368.60. The company has a market capitalization of $23.20 billion, a P/E ratio of 16.77, a P/E/G ratio of 11.03 and a beta of 0.94.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $104.89 by $3.65. NVR had a return on equity of 37.35% and a net margin of 14.68%. The business had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.46 billion. During the same period in the prior year, the firm posted $120.69 EPS. NVR's quarterly revenue was down .5% compared to the same quarter last year. On average, equities analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

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

NVR 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.