Synovus Financial Corp Sells 3 Shares of NVR, Inc. (NYSE:NVR)

Synovus Financial Corp lessened its holdings in shares of NVR, Inc. (NYSE:NVR) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 242 shares of the construction company’s stock after selling 3 shares during the quarter. Synovus Financial Corp’s holdings in NVR were worth $1,987,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in NVR by 150.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock worth $41,000 after buying an additional 3 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of NVR during the third quarter worth $49,000. Smartleaf Asset Management LLC boosted its holdings in shares of NVR by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock worth $57,000 after acquiring an additional 3 shares during the period. GAMMA Investing LLC grew its position in shares of NVR by 11.8% in the fourth quarter. GAMMA Investing LLC now owns 19 shares of the construction company’s stock valued at $155,000 after purchasing an additional 2 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in shares of NVR by 122.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 20 shares of the construction company’s stock valued at $164,000 after purchasing an additional 11 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Activity at NVR

In related news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the transaction, the director now directly owns 1,050 shares in the company, valued at approximately $7,891,380. The trade was a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.00% of the stock is currently owned by insiders.

NVR Price Performance

NYSE:NVR opened at $7,222.31 on Wednesday. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77. The stock has a fifty day moving average of $7,241.87 and a 200 day moving average of $8,267.66. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18. The firm has a market capitalization of $21.44 billion, a price-to-earnings ratio of 14.23, a P/E/G ratio of 2.39 and a beta of 1.07.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating the consensus estimate of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. On average, research analysts expect that NVR, Inc. will post 505.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on NVR. JPMorgan Chase & Co. cut their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. UBS Group raised their price objective on shares of NVR from $8,750.00 to $8,900.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, NVR presently has a consensus rating of “Hold” and a consensus price target of $9,356.67.

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.