Chevy Chase Trust Holdings LLC Decreases Stock Position in NVR, Inc. (NYSE:NVR)

Chevy Chase Trust Holdings LLC trimmed its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 2.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,577 shares of the construction company's stock after selling 41 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of NVR worth $11,424,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Brighton Jones LLC increased its stake 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 acquiring an additional 31 shares during the last quarter. Truist Financial Corp increased its stake in NVR by 2.2% during the fourth quarter. Truist Financial Corp now owns 187 shares of the construction company's stock worth $1,529,000 after acquiring an additional 4 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in NVR by 2.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,324 shares of the construction company's stock worth $10,829,000 after acquiring an additional 27 shares during the last quarter. Sprott Inc. increased its stake in NVR by 27.3% during the fourth quarter. Sprott Inc. now owns 42 shares of the construction company's stock worth $344,000 after acquiring an additional 9 shares during the last quarter. Finally, Stegent Equity Advisors Inc. increased its stake in NVR by 13.8% during the fourth quarter. Stegent Equity Advisors Inc. now owns 33 shares of the construction company's stock worth $270,000 after acquiring an additional 4 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NVR. UBS Group cut their target price on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Wall Street Zen raised NVR from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, NVR has an average rating of "Hold" and an average price target of $9,023.33.

NVR Trading Up 1.6%

Shares of NYSE NVR traded up $114.63 during trading on Friday, reaching $7,395.07. The stock had a trading volume of 27,518 shares, compared to its average volume of 22,134. NVR, Inc. has a fifty-two week low of $6,562.85 and a fifty-two week high of $9,964.77. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.02 and a current ratio of 5.37. The business's 50-day moving average price is $7,161.38 and its 200-day moving average price is $7,495.55. The company has a market cap of $21.59 billion, a P/E ratio of 15.22, a PEG ratio of 3.92 and a beta of 0.99.

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

NVR declared that its board has initiated a share buyback plan on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its stock is 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.