Truist Financial Corp Sells 3 Shares of NVR, Inc. $NVR

Truist Financial Corp trimmed its holdings in NVR, Inc. (NYSE:NVR) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162 shares of the construction company’s stock after selling 3 shares during the quarter. Truist Financial Corp’s holdings in NVR were worth $1,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of NVR. Jones Financial Companies Lllp increased its stake in shares of NVR by 217,591.3% in the 1st quarter. Jones Financial Companies Lllp now owns 50,069 shares of the construction company’s stock worth $3,758,000 after acquiring an additional 50,046 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of NVR by 9,358.6% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 48,239 shares of the construction company’s stock worth $356,277,000 after acquiring an additional 47,729 shares in the last quarter. Nuveen LLC bought a new position in shares of NVR in the 1st quarter worth about $334,981,000. JPMorgan Chase & Co. increased its stake in shares of NVR by 41.6% in the 1st quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company’s stock worth $379,639,000 after acquiring an additional 15,405 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of NVR by 5,411.1% in the 1st quarter. Pacer Advisors Inc. now owns 14,384 shares of the construction company’s stock worth $104,203,000 after acquiring an additional 14,123 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

NVR Stock Performance

NVR stock opened at $7,452.10 on Monday. The stock has a market capitalization of $21.39 billion, a PE ratio of 15.73, a price-to-earnings-growth ratio of 10.36 and a beta of 0.94. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24. The stock’s 50 day simple moving average is $8,089.11 and its 200 day simple moving average is $7,564.65.

NVR (NYSE:NVR) last announced its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $104.89 by $3.65. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.46 billion. NVR had a net margin of 14.68% and a return on equity of 37.35%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm posted $120.69 EPS. As a group, research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on NVR shares. Bank of America decreased their price target on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating for the company in a research note on Friday. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a research note on Wednesday, October 8th. UBS Group raised their price objective on shares of NVR from $7,900.00 to $8,150.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. upped their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a research note on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $8,250.00.

Insider Activity

In other news, CAO Matthew B. Kelpy sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the sale, the chief accounting officer owned 208 shares of the company’s stock, valued at $1,684,800. This trade represents a 74.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Susan Williamson Ross sold 125 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total transaction of $981,285.00. Following the sale, the director directly owned 386 shares in the company, valued at approximately $3,030,208.08. The trade was a 24.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 975 shares of company stock valued at $7,869,360 in the last 90 days. 7.00% of the stock is currently owned by insiders.

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.