NVR, Inc. (NYSE:NVR) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 30.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 648 shares of the construction company's stock after selling 287 shares during the quarter. Amalgamated Bank's holdings in NVR were worth $5,249,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of NVR during the fourth quarter worth $35,000. Criterion Capital Advisors LLC purchased a new stake in NVR in the 4th quarter valued at about $42,000. Allworth Financial LP grew its holdings in NVR by 100.0% in the 4th quarter. Allworth Financial LP now owns 8 shares of the construction company's stock valued at $56,000 after buying an additional 4 shares during the period. USA Financial Formulas acquired a new position in shares of NVR during the 4th quarter valued at about $63,000. Finally, Mather Group LLC. purchased a new position in shares of NVR during the 1st quarter worth about $73,000. 83.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on NVR shares. UBS Group boosted their target price on shares of NVR from $7,600.00 to $8,175.00 and gave the company a "neutral" rating in a report on Wednesday, April 24th. StockNews.com upgraded NVR from a "hold" rating to a "buy" rating in a report on Wednesday, April 24th.

Insider Buying and Selling at NVR

In other news, Director David A. Preiser sold 500 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $7,586.21, for a total value of $3,793,105.00. Following the completion of the sale, the director now owns 239 shares in the company, valued at $1,813,104.19. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other NVR news, Director David A. Preiser sold 500 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $7,586.21, for a total value of $3,793,105.00. Following the completion of the sale, the director now owns 239 shares of the company's stock, valued at $1,813,104.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eugene James Bredow sold 300 shares of the business's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $7,475.00, for a total transaction of $2,242,500.00. Following the transaction, the chief executive officer now directly owns 2,728 shares in the company, valued at $20,391,800. The disclosure for this sale can be found here. Insiders have sold 3,702 shares of company stock valued at $27,985,010 over the last three months. 7.00% of the stock is owned by company insiders.

NVR Trading Up 0.2 %

NVR stock traded up $16.83 during midday trading on Monday, reaching $7,685.83. 12,938 shares of the company's stock traded hands, compared to its average volume of 18,882. The company has a market capitalization of $24.06 billion, a P/E ratio of 16.02, a PEG ratio of 3.19 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 6.52 and a quick ratio of 3.97. NVR, Inc. has a fifty-two week low of $5,210.49 and a fifty-two week high of $8,211.40. The business has a 50-day moving average price of $7,751.74 and a two-hundred day moving average price of $7,215.38.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The construction company reported $116.41 EPS for the quarter, beating analysts' consensus estimates of $103.97 by $12.44. NVR had a net margin of 17.33% and a return on equity of 38.54%. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter last year, the firm posted $99.89 EPS. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. Equities research analysts forecast that NVR, Inc. will post 493.93 EPS for the current fiscal year.

NVR declared that its board has approved a stock buyback program on Wednesday, February 14th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.