Chevy Chase Trust Holdings LLC Lowers Stake in NVR, Inc. (NYSE:NVR)

Chevy Chase Trust Holdings LLC lessened its stake in shares of NVR, Inc. (NYSE:NVR - Free Report) by 2.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,577 shares of the construction company's stock after selling 41 shares during the period. 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 large investors have also added to or reduced their stakes in NVR. JDM Financial Group LLC bought a new stake in shares of NVR in the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC increased its holdings in NVR by 150.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock worth $41,000 after acquiring an additional 3 shares during the last quarter. CX Institutional bought a new stake in NVR in the 1st quarter valued at about $43,000. Franchise Capital Ltd purchased a new stake in NVR during the first quarter valued at about $51,000. Finally, Smartleaf Asset Management LLC boosted its position in NVR by 75.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock worth $57,000 after purchasing an additional 3 shares during the period. Hedge funds and other institutional investors own 83.67% of the company's stock.

NVR Price Performance

Shares of NVR stock traded up $22.49 during trading hours on Monday, reaching $7,398.00. The stock had a trading volume of 21,158 shares, compared to its average volume of 22,128. The stock's fifty day simple moving average is $7,170.42 and its 200 day simple moving average is $7,458.43. The firm has a market capitalization of $21.60 billion, a PE ratio of 15.22, a PEG ratio of 4.01 and a beta of 0.99. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $9,964.77. The company has a current ratio of 5.37, a quick ratio of 3.02 and a debt-to-equity ratio of 0.23.

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

NVR announced that its board has initiated a stock buyback 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 usually a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms have recently weighed in on NVR. UBS Group reduced their target price on shares of 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 lowered shares of NVR from a "hold" rating to a "sell" rating in a research note on Monday. One equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus 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.