PNC Financial Services Group Inc. Has $8.42 Million Position in NVR, Inc. (NYSE:NVR)

PNC Financial Services Group Inc. reduced its holdings in NVR, Inc. (NYSE:NVR) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,029 shares of the construction company’s stock after selling 35 shares during the period. PNC Financial Services Group Inc.’s holdings in NVR were worth $8,416,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. bought a new position in shares of NVR in the 3rd quarter valued at about $39,000. Private Trust Co. NA grew its position in shares of NVR by 66.7% in the 3rd 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 period. Wilmington Savings Fund Society FSB bought a new position in shares of NVR in the 3rd quarter valued at about $49,000. Quantbot Technologies LP bought a new position in shares of NVR in the 3rd quarter valued at about $59,000. Finally, Smartleaf Asset Management LLC grew its position in shares of NVR by 75.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock valued at $57,000 after acquiring an additional 3 shares during the period. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Stock Performance

Shares of NVR stock opened at $7,357.48 on Wednesday. The company has a market capitalization of $22.00 billion, a price-to-earnings ratio of 14.50, a PEG ratio of 2.39 and a beta of 1.25. 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 company has a 50-day simple moving average of $7,728.13 and a 200 day simple moving average of $8,656.46. NVR, Inc. has a 52 week low of $7,015.00 and a 52 week high of $9,964.77.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, February 4th. The construction company reported $139.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. On average, sell-side analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its board has initiated a share buyback plan on Wednesday, December 11th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to buy up to 2.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts have recently commented on NVR shares. JPMorgan Chase & Co. decreased their price objective on shares of 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 lifted their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $9,356.67.

Insider Buying and Selling at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $7,891,380. The trade was a 11.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 7.00% of the company’s stock.

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.