Assenagon Asset Management S.A. Boosts Holdings in NVR, Inc. $NVR

Assenagon Asset Management S.A. grew its stake in shares of NVR, Inc. (NYSE:NVR) by 104.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,318 shares of the construction company’s stock after acquiring an additional 7,831 shares during the quarter. Assenagon Asset Management S.A. owned about 0.54% of NVR worth $111,711,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. TD Waterhouse Canada Inc. increased its position in NVR by 5.9% during the second quarter. TD Waterhouse Canada Inc. now owns 36 shares of the construction company’s stock worth $276,000 after purchasing an additional 2 shares during the last quarter. Cresset Asset Management LLC grew its stake in shares of NVR by 1.7% during the 2nd quarter. Cresset Asset Management LLC now owns 120 shares of the construction company’s stock valued at $886,000 after buying an additional 2 shares during the period. Pure Financial Advisors LLC increased its holdings in shares of NVR by 0.7% during the 3rd quarter. Pure Financial Advisors LLC now owns 308 shares of the construction company’s stock worth $2,475,000 after buying an additional 2 shares during the last quarter. SkyOak Wealth LLC increased its holdings in shares of NVR by 6.9% during the 3rd quarter. SkyOak Wealth LLC now owns 31 shares of the construction company’s stock worth $249,000 after buying an additional 2 shares during the last quarter. Finally, Atwater Malick LLC raised its position in shares of NVR by 5.9% in the 3rd quarter. Atwater Malick LLC now owns 36 shares of the construction company’s stock worth $289,000 after buying an additional 2 shares during the period. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Stock Up 2.6%

Shares of NYSE NVR opened at $6,535.68 on Tuesday. The stock has a fifty day moving average price of $7,379.78 and a 200 day moving average price of $7,526.94. The company has a current ratio of 6.21, a quick ratio of 3.71 and a debt-to-equity ratio of 0.24. NVR, Inc. has a 12-month low of $6,301.02 and a 12-month high of $8,618.28. The company has a market cap of $18.17 billion, a P/E ratio of 14.95, a P/E/G ratio of 2.17 and a beta of 1.04.

NVR (NYSE:NVR) last issued its quarterly earnings data on Wednesday, January 28th. The construction company reported $121.54 EPS for the quarter, topping analysts’ consensus estimates of $105.42 by $16.12. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.41 billion. NVR had a return on equity of 34.28% and a net margin of 13.27%.The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $139.93 earnings per share. Research analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its Board of Directors has initiated a share buyback program on Wednesday, February 11th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 3.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Activity at NVR

In related news, Director Susan Williamson Ross sold 200 shares of NVR stock in a transaction on Friday, February 13th. The shares were sold at an average price of $7,922.06, for a total transaction of $1,584,412.00. Following the sale, the director owned 386 shares of the company’s stock, valued at $3,057,915.16. The trade was a 34.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Matthew B. Kelpy sold 500 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total transaction of $4,050,000.00. Following the completion of the transaction, the chief accounting officer owned 208 shares in the company, valued at $1,684,800. This represents a 70.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,120 shares of company stock valued at $9,012,736 in the last ninety days. 7.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NVR has been the topic of a number of research analyst reports. BTIG Research assumed coverage on NVR in a report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 target price on the stock. Zelman & Associates upgraded NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price objective on the stock in a report on Thursday, January 29th. UBS Group set a $8,100.00 price objective on NVR in a research note on Friday, February 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. Finally, Truist Financial began coverage on shares of NVR in a report on Wednesday, March 4th. They issued a “hold” rating and a $7,700.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $8,182.83.

NVR Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.