Bank of New York Mellon Corp Has $121.32 Million Holdings in NVR, Inc. (NYSE:NVR)

Bank of New York Mellon Corp trimmed its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 4.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,746 shares of the construction company's stock after selling 782 shares during the period. Bank of New York Mellon Corp owned about 0.56% of NVR worth $121,317,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in NVR. Brighton Jones LLC boosted its holdings in NVR by 68.9% during the fourth quarter. Brighton Jones LLC now owns 76 shares of the construction company's stock worth $622,000 after buying an additional 31 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of NVR by 75.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock valued at $57,000 after acquiring an additional 3 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of NVR by 130.0% in the 4th quarter. Jones Financial Companies Lllp now owns 23 shares of the construction company's stock valued at $188,000 after acquiring an additional 13 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of NVR in the 4th quarter valued at approximately $401,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of NVR in the 4th quarter valued at approximately $37,942,000. 83.67% of the stock is currently owned by institutional investors.

NVR Stock Down 0.9%

Shares of NVR traded down $68.01 during mid-day trading on Friday, hitting $7,621.71. 13,988 shares of the company's stock were exchanged, compared to its average volume of 22,230. The firm has a fifty day moving average of $7,267.58 and a two-hundred day moving average of $7,429.69. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,964.77. The stock has a market cap of $22.26 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 4.19 and a beta of 0.99. The company has a quick ratio of 3.02, a current ratio of 5.37 and a debt-to-equity ratio of 0.23.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The construction company reported $94.83 EPS for the quarter, missing the consensus estimate of $107.87 by ($13.04). NVR had a return on equity of 38.32% and a net margin of 15.33%. The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.35 billion. On average, sell-side analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its board has initiated a share repurchase 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 repurchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

NVR has been the subject of several research analyst reports. UBS Group reduced their price target on shares of NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen downgraded shares of NVR from a "hold" rating to a "sell" rating in a research report on Monday, June 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $9,023.33.

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.