Comerica Bank Has $1.52 Million Stock Position in NVR, Inc. (NYSE:NVR)

Comerica Bank reduced its position in NVR, Inc. (NYSE:NVRGet Rating) by 45.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 376 shares of the construction company’s stock after selling 310 shares during the quarter. Comerica Bank’s holdings in NVR were worth $1,522,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. IFM Investors Pty Ltd lifted its position in NVR by 6.2% in the second quarter. IFM Investors Pty Ltd now owns 568 shares of the construction company’s stock worth $2,274,000 after purchasing an additional 33 shares during the period. Brown Advisory Inc. bought a new position in NVR in the second quarter worth $332,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in NVR in the second quarter worth $1,449,000. Healthcare of Ontario Pension Plan Trust Fund lifted its position in NVR by 64.0% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,279 shares of the construction company’s stock worth $13,130,000 after purchasing an additional 1,279 shares during the period. Finally, CX Institutional bought a new position in shares of NVR during the second quarter valued at $32,000. 82.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Director Susan Williamson Ross sold 250 shares of NVR stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $4,487.78, for a total value of $1,121,945.00. Following the completion of the sale, the director now directly owns 405 shares in the company, valued at $1,817,550.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Daniel David Malzahn sold 1,166 shares of the business’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $4,250.10, for a total transaction of $4,955,616.60. Following the completion of the transaction, the chief financial officer now directly owns 6,554 shares in the company, valued at approximately $27,855,155.40. 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 business’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $4,487.78, for a total value of $1,121,945.00. Following the transaction, the director now owns 405 shares of the company’s stock, valued at $1,817,550.90. The disclosure for this sale can be found here. Insiders sold a total of 3,067 shares of company stock worth $13,014,824 over the last three months. 10.60% of the stock is currently owned by company insiders.

NVR Stock Performance

NVR stock opened at $5,024.07 on Friday. The stock has a 50-day simple moving average of $4,675.67 and a 200 day simple moving average of $4,384.70. The company has a quick ratio of 2.35, a current ratio of 4.70 and a debt-to-equity ratio of 0.30. NVR, Inc. has a 12-month low of $3,576.01 and a 12-month high of $5,569.80. The stock has a market capitalization of $16.06 billion, a price-to-earnings ratio of 11.22, a P/E/G ratio of 3.65 and a beta of 0.93.

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

NVR Profile

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NVR, Inc engages in the construction and sale of single-family detached homes, townhomes and condominium buildings. It operates through the Homebuilding and Mortgage Banking segments. The Homebuilding segment offers single-family detached homes, townhomes, and condominium buildings with many different home designs.

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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