Amalgamated Bank Sells 101 Shares of NVR, Inc. (NYSE:NVR)

Amalgamated Bank reduced its position in NVR, Inc. (NYSE:NVR) by 9.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 SEC filing.

A number of other large investors also recently bought and sold shares of the business. International Assets Investment Management LLC boosted its holdings in shares of NVR by 626,255.3% in the 4th quarter. International Assets Investment Management LLC now owns 238,015 shares of the construction company’s stock valued at $1,666,212,000 after buying an additional 237,977 shares in the last quarter. Unison Advisors LLC acquired a new stake in NVR in the fourth quarter valued at approximately $2,345,000. AIA Group Ltd grew its holdings in NVR by 15.6% in the fourth quarter. AIA Group Ltd now owns 311 shares of the construction company’s stock worth $2,177,000 after purchasing an additional 42 shares during the last quarter. ING Groep NV grew its holdings in NVR by 21.5% in the third quarter. ING Groep NV now owns 3,810 shares of the construction company’s stock worth $22,720,000 after purchasing an additional 675 shares during the last quarter. Finally, Fortis Capital Management LLC increased its position in shares of NVR by 6.8% during the third quarter. Fortis Capital Management LLC now owns 219 shares of the construction company’s stock worth $1,307,000 after purchasing an additional 14 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

Wall Street Analysts Forecast Growth

NVR has been the subject of a number of recent analyst reports. UBS Group boosted their target price on NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. StockNews.com upgraded NVR from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th.

NVR Trading Up 1.4 %

Shares of NYSE:NVR opened at $7,586.55 on Monday. NVR, Inc. has a 52-week low of $5,210.49 and a 52-week high of $8,211.40. The business has a 50-day moving average price of $7,745.49 and a 200-day moving average price of $7,046.06. The company has a quick ratio of 3.97, a current ratio of 6.52 and a debt-to-equity ratio of 0.21. The stock has a market cap of $24.05 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 3.20 and a beta of 1.13.

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

NVR declared that its board has authorized a share buyback program on Wednesday, February 14th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other NVR news, CFO Daniel David Malzahn sold 2,000 shares of the company’s stock in a transaction dated 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 owns 13,209 shares in the company, valued at $95,802,631.47. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other NVR news, CAO Matthew B. Kelpy sold 200 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $7,325.00, for a total transaction of $1,465,000.00. Following the transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at $1,684,750. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Daniel David Malzahn sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $7,252.83, for a total transaction 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 $95,802,631.47. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,481 shares of company stock worth $62,949,052. Corporate insiders own 7.00% of the company’s stock.

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.