NVR, Inc. (NYSE:NVR) Stock Position Lessened by Synovus Financial Corp

Synovus Financial Corp reduced its stake in shares of NVR, Inc. (NYSE:NVR) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 245 shares of the construction company’s stock after selling 6 shares during the quarter. Synovus Financial Corp’s holdings in NVR were worth $2,414,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. International Assets Investment Management LLC raised its position in shares of NVR by 1,100,012.1% during the 3rd quarter. International Assets Investment Management LLC now owns 363,037 shares of the construction company’s stock worth $3,562,046,000 after buying an additional 363,004 shares in the last quarter. Smead Capital Management Inc. increased its stake in shares of NVR by 3.5% during the third quarter. Smead Capital Management Inc. now owns 36,218 shares of the construction company’s stock valued at $355,365,000 after acquiring an additional 1,223 shares during the period. Jennison Associates LLC bought a new stake in NVR during the third quarter worth approximately $348,545,000. Marshfield Associates raised its holdings in NVR by 0.3% during the second quarter. Marshfield Associates now owns 32,719 shares of the construction company’s stock worth $248,290,000 after purchasing an additional 96 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in NVR by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 29,199 shares of the construction company’s stock worth $221,595,000 after purchasing an additional 906 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Trading Down 2.4 %

Shares of NYSE NVR opened at $8,587.63 on Monday. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. NVR, Inc. has a 12 month low of $6,768.02 and a 12 month high of $9,964.77. The company has a market cap of $26.28 billion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 1.90 and a beta of 1.18. The business has a fifty day simple moving average of $9,250.20 and a 200-day simple moving average of $8,758.33.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. NVR’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company posted $125.26 earnings per share. Sell-side analysts predict that NVR, Inc. will post 494.48 EPS for the current year.

NVR announced that its board has initiated a share repurchase program on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 2.8% 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.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NVR shares. Bank of America lowered their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. JPMorgan Chase & Co. cut their price target on shares of NVR from $9,820.00 to $9,245.00 and set a “neutral” rating for the company in a report on Friday. StockNews.com cut shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, UBS Group increased their target price on shares of NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, NVR presently has a consensus rating of “Hold” and an average price target of $9,765.00.

Insider Activity at NVR

In other NVR news, Director David A. Preiser sold 250 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the sale, the director now directly owns 239 shares of the company’s stock, valued at $2,223,330.96. The trade was a 51.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 125 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $9,507.30, for a total value of $1,188,412.50. Following the completion of the sale, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at approximately $2,186,679. This trade represents a 35.21 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 775 shares of company stock worth $7,294,073. 7.00% of the stock is owned by corporate insiders.

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.