Amalgamated Bank Lowers Position in NVR, Inc. (NYSE:NVR)

Amalgamated Bank trimmed its holdings in shares of NVR, Inc. (NYSE:NVR) by 9.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 935 shares of the construction company’s stock after selling 101 shares during the quarter. Amalgamated Bank’s holdings in NVR were worth $6,545,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in NVR. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of NVR in the fourth quarter worth approximately $35,000. Criterion Capital Advisors LLC bought a new position in NVR in the fourth quarter valued at $42,000. Allworth Financial LP raised its position in NVR by 100.0% during the fourth quarter. Allworth Financial LP now owns 8 shares of the construction company’s stock valued at $56,000 after purchasing an additional 4 shares in the last quarter. GAMMA Investing LLC bought a new stake in NVR during the fourth quarter worth about $78,000. Finally, Planned Solutions Inc. bought a new stake in NVR during the fourth quarter worth about $91,000. 83.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other NVR news, CFO Daniel David Malzahn sold 2,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $7,252.83, for a total value of $14,505,660.00. Following the completion of the transaction, the chief financial officer now directly owns 13,209 shares in the company, valued at approximately $95,802,631.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Daniel David Malzahn sold 2,000 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 13,209 shares of the company’s stock, valued at approximately $95,802,631.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Matthew B. Kelpy sold 100 shares of NVR stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $7,615.00, for a total value of $761,500.00. Following the sale, the chief accounting officer now owns 230 shares in the company, valued at $1,751,450. The disclosure for this sale can be found here. Insiders sold 8,481 shares of company stock valued at $62,949,052 over the last quarter. 7.00% of the stock is owned by company insiders.

NVR Stock Performance

NVR stock opened at $7,586.55 on Monday. The company has a current ratio of 6.52, a quick ratio of 3.97 and a debt-to-equity ratio of 0.21. The firm has a market cap of $24.05 billion, a P/E ratio of 15.81, a P/E/G ratio of 3.20 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 firm has a 50-day moving average of $7,745.49 and a 200-day moving average of $7,046.06.

NVR (NYSE:NVR) last released its quarterly earnings data on Tuesday, April 23rd. The construction company reported $116.41 earnings per share for the quarter, topping the consensus estimate of $103.97 by $12.44. NVR had a return on equity of 38.54% and a net margin of 17.33%. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter last year, the business posted $99.89 EPS. The business’s revenue was up 7.3% on a year-over-year basis. Sell-side analysts expect that NVR, Inc. will post 487.53 EPS for the current year.

NVR announced that its board has authorized a stock repurchase program on Wednesday, February 14th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms recently commented on NVR. StockNews.com raised shares of NVR from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. UBS Group raised their target price on shares of NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th.

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.