Todd Asset Management LLC Sells 2,533 Shares of NVR, Inc. (NYSE:NVR)

Key Points

• Todd Asset Management LLC reduced its holdings in NVR, Inc. by 51.5% in the first quarter, now owning 2,389 shares valued at approximately $17.3 million.
• Several institutional investors increased their stakes in NVR during the same period, with Spire Wealth Management growing its stake by 21.2% and Vise Technologies Inc. increasing by 105.7%.
• Wall Street analysts have a consensus rating of "Hold" on NVR stock, with target prices ranging from $7,600 to $8,783.33, indicating mixed growth expectations.

Todd Asset Management LLC lowered its position in NVR, Inc. (NYSE:NVR - Free Report) by 51.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,389 shares of the construction company's stock after selling 2,533 shares during the period. Todd Asset Management LLC owned about 0.08% of NVR worth $17,307,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Spire Wealth Management lifted its position in shares of NVR by 21.2% during the first quarter. Spire Wealth Management now owns 63 shares of the construction company's stock valued at $456,000 after purchasing an additional 11 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in NVR by 12.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 331 shares of the construction company's stock worth $2,377,000 after purchasing an additional 36 shares during the last quarter. Asset Management One Co. Ltd. grew its stake 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 purchasing an additional 63 shares during the period. GAMMA Investing LLC grew its stake 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 purchasing an additional 3 shares during the period. Finally, Vise Technologies Inc. grew its stake 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 purchasing an additional 56 shares during the period. 83.67% of the stock is owned by institutional investors.

Insider Buying and Selling

In other NVR news, CAO Matthew B. Kelpy sold 600 shares of NVR stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the sale, the chief accounting officer directly owned 208 shares of the company's stock, valued at approximately $1,684,800. The trade was a 74.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan Williamson Ross sold 125 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $7,850.28, for a total value of $981,285.00. Following the completion of the transaction, the director owned 386 shares of the company's stock, valued at approximately $3,030,208.08. This trade represents a 24.46% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company's stock.

Wall Street Analysts Forecast Growth

NVR has been the subject of several research reports. UBS Group increased their price target on shares of NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, JPMorgan Chase & Co. upped their target price on NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, NVR presently has an average rating of "Hold" and an average target price of $8,783.33.

NVR Price Performance

Shares of NVR stock traded down $84.24 during trading hours on Thursday, hitting $8,212.41. 14,338 shares of the company's stock were exchanged, compared to its average volume of 23,090. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The company has a market capitalization of $23.57 billion, a PE ratio of 17.33, a PEG ratio of 11.32 and a beta of 0.94. The business's 50 day simple moving average is $7,534.37 and its 200-day simple moving average is $7,362.73. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24.

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

NVR declared that its Board of Directors has initiated a stock buyback program on Tuesday, May 6th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to repurchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors 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.