Truist Financial Corp Decreases Stock Position in NVR, Inc. (NYSE:NVR)

Truist Financial Corp reduced its position in NVR, Inc. (NYSE:NVRGet Rating) by 55.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 278 shares of the construction company’s stock after selling 343 shares during the period. Truist Financial Corp’s holdings in NVR were worth $1,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of NVR. American Century Companies Inc. increased its position in NVR by 4.5% in the first quarter. American Century Companies Inc. now owns 534 shares of the construction company’s stock worth $2,386,000 after buying an additional 23 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in NVR by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 438 shares of the construction company’s stock worth $1,957,000 after buying an additional 27 shares during the last quarter. Yousif Capital Management LLC increased its position in NVR by 2.1% in the first quarter. Yousif Capital Management LLC now owns 533 shares of the construction company’s stock worth $2,381,000 after buying an additional 11 shares during the last quarter. Raymond James Trust N.A. increased its position in NVR by 8.6% in the first quarter. Raymond James Trust N.A. now owns 88 shares of the construction company’s stock worth $393,000 after buying an additional 7 shares during the last quarter. Finally, Prudential PLC purchased a new stake in NVR in the first quarter worth $357,000. 82.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NVR

In related news, CFO Daniel David Malzahn sold 1,169 shares of NVR stock in a transaction on Friday, October 28th. The stock was sold at an average price of $4,202.62, for a total transaction of $4,912,862.78. Following the completion of the sale, the chief financial officer now owns 5,720 shares of the company’s stock, valued at $24,038,986.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Daniel David Malzahn sold 1,169 shares of NVR stock in a transaction on Friday, October 28th. The stock was sold at an average price of $4,202.62, for a total transaction of $4,912,862.78. Following the completion of the sale, the chief financial officer now owns 5,720 shares of the company’s stock, valued at $24,038,986.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Susan Williamson Ross sold 250 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $4,487.78, for a total value of $1,121,945.00. Following the sale, the director now owns 405 shares in the company, valued at approximately $1,817,550.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,067 shares of company stock valued at $13,014,824. Company insiders own 10.60% of the company’s stock.

NVR Price Performance

NYSE:NVR opened at $4,928.90 on Friday. The firm has a market capitalization of $15.75 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of 3.65 and a beta of 0.93. NVR, Inc. has a 52-week low of $3,576.01 and a 52-week high of $5,569.80. The stock has a fifty day moving average of $4,665.01 and a 200 day moving average of $4,378.65. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.35 and a current ratio of 4.70.

NVR (NYSE:NVRGet Rating) last posted its quarterly earnings data on Tuesday, October 25th. The construction company reported $118.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $126.50 by ($7.99). The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.49 billion. NVR had a net margin of 16.32% and a return on equity of 54.40%. On average, research analysts expect that NVR, Inc. will post 463.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NVR. StockNews.com raised NVR from a “hold” rating to a “buy” rating in a research report on Wednesday, December 14th. KeyCorp raised their price target on NVR from $4,800.00 to $5,120.00 and gave the stock an “overweight” rating in a report on Monday, November 14th. JPMorgan Chase & Co. raised their price target on NVR from $4,310.00 to $5,000.00 in a report on Tuesday, November 22nd. Finally, Bank of America reaffirmed a “buy” rating and issued a $4,900.00 price target on shares of NVR in a report on Tuesday, October 18th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $4,780.00.

About NVR

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NVR, Inc operates as a homebuilder in the United States. The company operates in two segments, Homebuilding and Mortgage Banking. 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.

Further Reading

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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