TD Asset Management Inc Has $152.68 Million Position in NVR, Inc. $NVR

Key Points

• TD Asset Management Inc increased its stake in NVR, Inc. by 0.7%, totaling $152.68 million at the end of the second quarter, now owning 20,673 shares of the company.
• Analysts have mixed ratings on NVR, with a consensus target price set at $8,250.00, while some firms have raised their target prices, indicating ongoing interest despite headwinds in the homebuilding sector.
• Insider trading activity included significant stock sales by executives, with a total of 975 shares valued at $7.87 million sold over the past three months.

TD Asset Management Inc lifted its stake in NVR, Inc. (NYSE:NVR - Free Report) by 0.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,673 shares of the construction company's stock after purchasing an additional 140 shares during the period. TD Asset Management Inc owned 0.71% of NVR worth $152,684,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NVR. AdvisorNet Financial Inc acquired a new stake in shares of NVR in the second quarter valued at approximately $30,000. Olde Wealth Management LLC acquired a new stake in shares of NVR in the first quarter valued at approximately $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of NVR in the first quarter valued at approximately $36,000. Ridgewood Investments LLC increased its holdings in shares of NVR by 150.0% in the first quarter. Ridgewood Investments LLC now owns 5 shares of the construction company's stock valued at $36,000 after purchasing an additional 3 shares in the last quarter. Finally, SouthState Corp acquired a new stake in shares of NVR in the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 83.67% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on NVR. UBS Group lifted their target price on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of NVR in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Bank of America lowered their target price on shares of NVR from $9,100.00 to $9,000.00 and set a "buy" rating for the company in a report on Friday, October 10th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, NVR has a consensus rating of "Hold" and a consensus target price of $8,250.00.

Insider Transactions at NVR

In related news, CAO Matthew B. Kelpy sold 600 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total value 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 hyperlink. Also, Director Susan Williamson Ross sold 125 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the completion of the sale, the director directly owned 386 shares in the company, valued at $3,030,208.08. This represents a 24.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 975 shares of company stock valued at $7,869,360 over the last three months. 7.80% of the stock is currently owned by corporate insiders.

NVR Trading Up 2.2%

Shares of NYSE NVR opened at $7,755.02 on Wednesday. The company's fifty day moving average is $8,079.88 and its 200-day moving average is $7,568.80. The stock has a market cap of $22.26 billion, a price-to-earnings ratio of 16.37, a P/E/G ratio of 10.55 and a beta of 0.94. NVR, Inc. has a twelve month low of $6,562.85 and a twelve month high of $9,964.77. The company has a quick ratio of 2.97, a current ratio of 5.79 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 earnings per share for the quarter, topping analysts' consensus estimates of $104.89 by $3.65. The company had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. The business's quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the firm posted $120.69 earnings per share. Equities research analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

About NVR

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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