Synovus Financial Corp Decreases Holdings in NVR, Inc. (NYSE:NVR)

Synovus Financial Corp trimmed its holdings in NVR, Inc. (NYSE:NVR) by 1.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund 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 quarter.

Other institutional investors also recently made changes to their positions in the company. Distillate Capital Partners LLC boosted its position in NVR by 17.0% during the fourth quarter. Distillate Capital Partners LLC now owns 2,100 shares of the construction company’s stock valued at $17,176,000 after buying an additional 305 shares during the period. Sterling Capital Management LLC boosted its holdings in NVR by 55.0% during the 4th quarter. Sterling Capital Management LLC now owns 172 shares of the construction company’s stock valued at $1,407,000 after acquiring an additional 61 shares during the period. Family Office Research LLC bought a new position in NVR during the 4th quarter worth approximately $450,000. Paralel Advisors LLC increased its stake in NVR by 11.4% in the 4th quarter. Paralel Advisors LLC now owns 313 shares of the construction company’s stock worth $2,560,000 after purchasing an additional 32 shares during the period. Finally, Treasurer of the State of North Carolina lifted its position in NVR by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 1,266 shares of the construction company’s stock valued at $10,354,000 after purchasing an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Price Performance

NVR opened at $7,222.31 on Wednesday. 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 stock has a market capitalization of $21.44 billion, a PE ratio of 14.23, a price-to-earnings-growth ratio of 2.39 and a beta of 1.07. The stock’s 50 day moving average price is $7,241.87 and its 200-day moving average price is $8,267.66. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77.

NVR (NYSE:NVR) last issued 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, equities research analysts predict that NVR, Inc. will post 505.2 EPS for the current year.

Insider Buying and Selling

In other NVR news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the sale, the director now directly owns 1,050 shares of the company’s stock, valued at approximately $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 can be accessed through this link. 7.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NVR. UBS Group raised 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. JPMorgan Chase & Co. decreased their price objective on shares of NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, NVR presently has a consensus rating of “Hold” and an average target price 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.