Toronto Dominion Bank Buys New Stake in NVR, Inc. (NVR)

Toronto Dominion Bank bought a new position in shares of NVR, Inc. (NYSE:NVR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 43 shares of the construction company’s stock, valued at approximately $104,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. boosted its position in NVR by 8.7% during the second quarter. BlackRock Inc. now owns 379,835 shares of the construction company’s stock worth $915,632,000 after purchasing an additional 30,517 shares in the last quarter. Vanguard Group Inc. boosted its position in NVR by 9.5% during the second quarter. Vanguard Group Inc. now owns 309,547 shares of the construction company’s stock worth $746,196,000 after purchasing an additional 26,827 shares in the last quarter. FMR LLC boosted its position in NVR by 23.3% during the second quarter. FMR LLC now owns 150,964 shares of the construction company’s stock worth $363,915,000 after purchasing an additional 28,513 shares in the last quarter. State Street Corp boosted its position in NVR by 17.7% during the second quarter. State Street Corp now owns 139,294 shares of the construction company’s stock worth $335,772,000 after purchasing an additional 20,928 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in NVR by 14.0% during the second quarter. Goldman Sachs Group Inc. now owns 51,573 shares of the construction company’s stock worth $124,322,000 after purchasing an additional 6,330 shares in the last quarter. Institutional investors own 80.20% of the company’s stock.

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In other news, Director Eddie Arthur Grier sold 165 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $2,682.26, for a total transaction of $442,572.90. Following the completion of the sale, the director now directly owns 340 shares of the company’s stock, valued at approximately $911,968.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Timothy M. Donahue sold 325 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $2,730.07, for a total value of $887,272.75. Following the sale, the director now directly owns 843 shares of the company’s stock, valued at $2,301,449.01. The disclosure for this sale can be found here. Company insiders own 11.30% of the company’s stock.

NVR, Inc. (NVR) opened at 3240.00 on Friday. NVR, Inc. has a 12-month low of $1,478.04 and a 12-month high of $3,294.50. The firm has a market capitalization of $12.13 billion, a PE ratio of 25.63 and a beta of 0.67. The stock has a 50 day moving average price of $2,919.86 and a 200-day moving average price of $2,560.19.

NVR (NYSE:NVR) last issued its quarterly earnings results on Thursday, October 19th. The construction company reported $38.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $35.77 by $2.25. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.71 billion. NVR had a return on equity of 38.23% and a net margin of 9.22%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the company posted $28.46 EPS. On average, equities research analysts forecast that NVR, Inc. will post $145.58 EPS for the current year.

A number of research firms have commented on NVR. Zelman & Associates upgraded NVR from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. MKM Partners reiterated a “neutral” rating and set a $2,600.00 target price (up from $1,900.00) on shares of NVR in a research report on Tuesday, July 25th. UBS AG began coverage on NVR in a research report on Wednesday. They set a “neutral” rating and a $3,450.00 target price on the stock. ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research downgraded NVR from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $3,111.75.

NVR Profile

NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).

Institutional Ownership by Quarter for NVR (NYSE:NVR)

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