NVR, Inc. (NYSE:NVR) Shares Purchased by TD Asset Management Inc

Key Points

• TD Asset Management Inc increased its stake in NVR, Inc. by 0.6% during the first quarter, owning 20,533 shares valued at approximately $148.7 million.
• Institutional ownership of NVR is significant, with 83.67% of the stock held by institutional investors and hedge funds.
• Analyst ratings for NVR vary, with one analyst rating it as a "sell," while others have rated it as "hold" or "neutral," with an average price target of $8,783.33.

TD Asset Management Inc boosted its stake in NVR, Inc. (NYSE:NVR - Free Report) by 0.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,533 shares of the construction company's stock after acquiring an additional 116 shares during the period. TD Asset Management Inc owned 0.69% of NVR worth $148,749,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Mediolanum International Funds Ltd raised its holdings in NVR by 109.3% in the first quarter. Mediolanum International Funds Ltd now owns 808 shares of the construction company's stock valued at $5,803,000 after acquiring an additional 422 shares in the last quarter. Pacer Advisors Inc. raised its holdings in NVR by 5,411.1% in the first quarter. Pacer Advisors Inc. now owns 14,384 shares of the construction company's stock valued at $104,203,000 after acquiring an additional 14,123 shares in the last quarter. Cetera Investment Advisers raised its holdings in NVR by 2.0% in the first quarter. Cetera Investment Advisers now owns 256 shares of the construction company's stock valued at $1,855,000 after acquiring an additional 5 shares in the last quarter. Machina Capital S.A.S. raised its holdings in NVR by 115.5% in the first quarter. Machina Capital S.A.S. now owns 153 shares of the construction company's stock valued at $1,108,000 after acquiring an additional 82 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its holdings in NVR by 26.7% in the first quarter. Diamond Hill Capital Management Inc. now owns 41,584 shares of the construction company's stock valued at $301,251,000 after acquiring an additional 8,767 shares in the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on NVR shares. Wall Street Zen cut shares of NVR from a "hold" rating to a "sell" rating in a report on Monday, June 30th. JPMorgan Chase & Co. boosted their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, UBS Group boosted their target price on shares of NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $8,783.33.

NVR Stock Up 0.0%

NVR stock opened at $7,791.88 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 3.02. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,964.77. The firm has a fifty day moving average price of $7,343.78 and a two-hundred day moving average price of $7,389.45. The firm has a market cap of $22.75 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 8.75 and a beta of 0.99.

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

NVR declared that its board has approved a stock repurchase program on Tuesday, May 6th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to buy up to 3.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

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.

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