Toronto Dominion Bank Acquires 535 Shares of NVR, Inc. (NYSE:NVR)

Toronto Dominion Bank increased its holdings in NVR, Inc. (NYSE:NVR - Free Report) by 48.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,638 shares of the construction company's stock after acquiring an additional 535 shares during the quarter. Toronto Dominion Bank owned about 0.05% of NVR worth $13,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC increased its stake in NVR by 5.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 36 shares of the construction company's stock valued at $294,000 after purchasing an additional 2 shares in the last quarter. Empirical Finance LLC increased its stake in NVR by 2.0% during the 4th quarter. Empirical Finance LLC now owns 103 shares of the construction company's stock valued at $842,000 after purchasing an additional 2 shares in the last quarter. Bleakley Financial Group LLC increased its stake in NVR by 7.7% during the 4th quarter. Bleakley Financial Group LLC now owns 28 shares of the construction company's stock valued at $229,000 after purchasing an additional 2 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in NVR by 4.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 47 shares of the construction company's stock valued at $384,000 after purchasing an additional 2 shares in the last quarter. Finally, Signaturefd LLC increased its stake in NVR by 8.0% during the 4th quarter. Signaturefd LLC now owns 27 shares of the construction company's stock valued at $221,000 after purchasing an additional 2 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

NVR Stock Performance

Shares of NYSE NVR opened at $7,296.82 on Tuesday. The firm's 50-day moving average price is $7,170.42 and its 200-day moving average price is $7,860.67. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. The company has a market cap of $21.34 billion, a PE ratio of 14.38, a PEG ratio of 2.39 and a beta of 1.02. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly 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 for the quarter, compared to analysts' expectations of $2.35 billion. NVR had a net margin of 16.34% and a return on equity of 39.67%. As a group, analysts anticipate that NVR, Inc. will post 505.2 EPS for the current year.

NVR declared that its board has initiated a share repurchase program on Tuesday, May 6th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NVR shares. UBS Group reduced their price objective 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. JPMorgan Chase & Co. reduced their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $9,023.33.

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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