NVR, Inc. (NYSE:NVR) Holdings Decreased by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC decreased its holdings in shares of NVR, Inc. (NYSE:NVR) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,787 shares of the construction company’s stock after selling 60 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.06% of NVR worth $12,510,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. First Pacific Financial purchased a new position in shares of NVR during the third quarter valued at $30,000. Clear Street Markets LLC grew its holdings in shares of NVR by 133.3% during the first quarter. Clear Street Markets LLC now owns 7 shares of the construction company’s stock valued at $39,000 after buying an additional 4 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of NVR during the second quarter valued at $64,000. DHJJ Financial Advisors Ltd. purchased a new position in shares of NVR during the third quarter valued at $66,000. Finally, VisionPoint Advisory Group LLC purchased a new position in shares of NVR during the second quarter valued at $83,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Activity at NVR

In other NVR news, CFO Daniel David Malzahn sold 2,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total value of $14,505,660.00. Following the completion of the sale, 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 through this link. In other NVR news, Chairman Paul C. Saville sold 250 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $7,611.03, for a total value of $1,902,757.50. Following the completion of the sale, the chairman now owns 106,860 shares of the company’s stock, valued at $813,314,665.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Daniel David Malzahn sold 2,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $7,252.83, for a total value of $14,505,660.00. Following the completion of the sale, the chief financial officer now directly owns 13,209 shares of the company’s stock, valued at approximately $95,802,631.47. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,981 shares of company stock valued at $59,155,947. Insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut NVR from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th.

NVR Price Performance

NVR opened at $7,907.89 on Monday. The stock has a market cap of $25.31 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 2.96 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 company has a current ratio of 6.10, a quick ratio of 3.90 and a debt-to-equity ratio of 0.21. The stock has a fifty day moving average price of $7,614.56 and a 200 day moving average price of $6,801.64.

NVR (NYSE:NVR) last released its quarterly earnings data on Tuesday, January 30th. The construction company reported $121.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $121.50 by $0.06. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.61 billion. NVR had a return on equity of 38.50% and a net margin of 17.09%. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $133.44 earnings per share. Analysts forecast that NVR, Inc. will post 484.65 EPS for the current fiscal year.

NVR announced that its Board of Directors has authorized a share repurchase program on Wednesday, February 14th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are 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.