Amalgamated Bank Has $5.02 Million Position in NVR, Inc. (NYSE:NVR)

Amalgamated Bank trimmed its position in shares of NVR, Inc. (NYSE:NVR) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 614 shares of the construction company’s stock after selling 20 shares during the quarter. Amalgamated Bank’s holdings in NVR were worth $5,022,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. bought a new position in NVR in the 3rd quarter valued at approximately $39,000. Rakuten Securities Inc. acquired a new position in NVR in the 3rd quarter valued at approximately $39,000. Private Trust Co. NA raised its stake in shares of NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after acquiring an additional 2 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of NVR during the third quarter worth $49,000. Finally, Quantbot Technologies LP bought a new stake in shares of NVR in the third quarter worth $59,000. 83.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Thomas D. Eckert sold 143 shares of NVR 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 sale, the director now owns 1,050 shares in the company, valued at $7,891,380. The trade was a 11.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 7.00% of the company’s stock.

NVR Stock Performance

Shares of NVR opened at $7,182.32 on Friday. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. The firm’s fifty day simple moving average is $7,868.87 and its two-hundred day simple moving average is $8,737.87. NVR, Inc. has a 12 month low of $7,015.00 and a 12 month high of $9,964.77. The stock has a market capitalization of $21.48 billion, a P/E ratio of 14.15, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20.

NVR (NYSE:NVR) last announced its earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS 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%. As a group, analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its board has authorized a stock repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 2.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages recently issued reports on NVR. JPMorgan Chase & Co. lowered their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. UBS Group raised their price objective on NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Seaport Res Ptn lowered NVR from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 10th. Finally, StockNews.com downgraded shares of NVR from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9,356.67.

About NVR

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.