Amalgamated Bank Sells 101 Shares of NVR, Inc. (NYSE:NVR)

Amalgamated Bank lessened its stake in NVR, Inc. (NYSE:NVR - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 935 shares of the construction company's stock after selling 101 shares during the quarter. Amalgamated Bank's holdings in NVR were worth $6,545,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of NVR by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 358,402 shares of the construction company's stock valued at $2,137,259,000 after buying an additional 7,516 shares during the last quarter. International Assets Investment Management LLC increased its position in NVR by 626,255.3% in the 4th quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company's stock valued at $1,666,212,000 after acquiring an additional 237,977 shares during the period. Invesco Ltd. raised its holdings in shares of NVR by 11.2% in the 3rd quarter. Invesco Ltd. now owns 44,319 shares of the construction company's stock worth $264,287,000 after purchasing an additional 4,468 shares in the last quarter. Smead Capital Management Inc. lifted its stake in NVR by 0.7% during the fourth quarter. Smead Capital Management Inc. now owns 39,481 shares of the construction company's stock valued at $276,385,000 after buying an additional 277 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of NVR by 11.4% in the third quarter. Northern Trust Corp now owns 38,518 shares of the construction company's stock worth $229,694,000 after acquiring an additional 3,943 shares in the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NVR

In related news, CAO Matthew B. Kelpy sold 200 shares of the company's stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $7,325.00, for a total transaction of $1,465,000.00. Following the completion of the sale, the chief accounting officer now directly owns 230 shares of the company's stock, valued at approximately $1,684,750. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Daniel David Malzahn sold 2,000 shares of the business's stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $7,252.83, for a total transaction of $14,505,660.00. Following the transaction, the chief financial officer now owns 13,209 shares of the company's stock, valued at $95,802,631.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Matthew B. Kelpy sold 200 shares of the company's stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $7,325.00, for a total transaction of $1,465,000.00. Following the transaction, the chief accounting officer now owns 230 shares of the company's stock, valued at $1,684,750. The disclosure for this sale can be found here. Insiders have sold a total of 8,481 shares of company stock worth $62,949,052 over the last 90 days. Insiders own 7.00% of the company's stock.

NVR Stock Up 0.5 %

NYSE NVR traded up $38.28 on Monday, reaching $7,624.83. The stock had a trading volume of 11,798 shares, compared to its average volume of 19,000. The company has a current ratio of 6.52, a quick ratio of 3.97 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $24.17 billion, a price-to-earnings ratio of 15.81, a P/E/G ratio of 3.20 and a beta of 1.13. NVR, Inc. has a 1 year low of $5,210.49 and a 1 year high of $8,211.40. The business has a 50 day moving average price of $7,745.49 and a 200 day moving average price of $7,046.06.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The construction company reported $116.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $103.97 by $12.44. NVR had a return on equity of 38.54% and a net margin of 17.33%. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the prior year, the company posted $99.89 EPS. The firm's revenue was up 7.3% on a year-over-year basis. On average, analysts forecast that NVR, Inc. will post 487.53 EPS for the current fiscal year.

NVR declared that its Board of Directors has approved a share buyback plan on Wednesday, February 14th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 3.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages have issued reports on NVR. StockNews.com raised shares of NVR from a "hold" rating to a "buy" rating in a research note on Wednesday, April 24th. UBS Group lifted their target price on NVR from $7,600.00 to $8,175.00 and gave the company a "neutral" rating in a research note on Wednesday, April 24th.

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.