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

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

A number of other institutional investors also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC acquired a new stake in NVR during the fourth quarter valued at approximately $3,277,825,000. Vanguard Group Inc. boosted its holdings in NVR by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 342,460 shares of the construction company's stock valued at $2,800,946,000 after purchasing an additional 1,147 shares in the last quarter. Capital Research Global Investors boosted its holdings in NVR by 11.7% during the fourth quarter. Capital Research Global Investors now owns 107,606 shares of the construction company's stock valued at $880,099,000 after purchasing an additional 11,274 shares in the last quarter. Siemens Fonds Invest GmbH boosted its holdings in NVR by 116,808.2% during the fourth quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock valued at $468,528,000 after purchasing an additional 57,236 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in NVR by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 53,538 shares of the construction company's stock valued at $437,882,000 after purchasing an additional 1,549 shares in the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

NVR Price Performance

Shares of NYSE:NVR traded up $7.86 during trading on Friday, reaching $7,105.50. The stock had a trading volume of 35,620 shares, compared to its average volume of 22,198. NVR, Inc. has a 52 week low of $6,562.85 and a 52 week high of $9,964.77. The business's 50-day moving average price is $7,145.84 and its 200 day moving average price is $7,745.70. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.18 and a quick ratio of 3.69. The stock has a market capitalization of $20.78 billion, a PE ratio of 14.00, a P/E/G ratio of 2.39 and a beta of 1.02.

NVR (NYSE:NVR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The construction company reported $94.83 earnings per share for the quarter, missing the consensus estimate of $107.87 by ($13.04). NVR had a return on equity of 39.67% and a net margin of 16.34%. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.35 billion. As a group, equities analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its board has authorized a stock repurchase program on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 3.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of NVR from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. UBS Group cut 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. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently 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.