Assenagon Asset Management S.A. Sells 5,436 Shares of NVR, Inc. (NVR)

Assenagon Asset Management S.A. reduced its stake in shares of NVR, Inc. (NYSE:NVR) by 93.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 352 shares of the construction company’s stock after selling 5,436 shares during the quarter. Assenagon Asset Management S.A.’s holdings in NVR were worth $1,235,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Toronto Dominion Bank purchased a new position in NVR during the second quarter valued at approximately $104,000. Cerebellum GP LLC purchased a new position in NVR during the fourth quarter valued at approximately $133,000. Advisor Group Inc. raised its position in NVR by 13.9% during the second quarter. Advisor Group Inc. now owns 82 shares of the construction company’s stock valued at $197,000 after acquiring an additional 10 shares in the last quarter. Independent Advisor Alliance purchased a new position in NVR during the third quarter valued at approximately $217,000. Finally, Highstreet Asset Management Inc. purchased a new position in NVR during the third quarter valued at approximately $228,000. Institutional investors own 78.92% of the company’s stock.

Shares of NVR, Inc. (NYSE:NVR) opened at $3,072.91 on Friday. The company has a market capitalization of $11,490.00, a P/E ratio of 24.15, a PEG ratio of 1.11 and a beta of 0.54. NVR, Inc. has a 12-month low of $1,848.21 and a 12-month high of $3,700.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.62 and a quick ratio of 1.67.

NVR (NYSE:NVR) last posted its quarterly earnings data on Thursday, January 25th. The construction company reported $43.41 EPS for the quarter, missing the Zacks’ consensus estimate of $48.95 by ($5.54). The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $2.01 billion. NVR had a net margin of 8.70% and a return on equity of 38.72%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $37.80 earnings per share. sell-side analysts anticipate that NVR, Inc. will post 188.66 EPS for the current fiscal year.

NVR announced that its Board of Directors has initiated a share buyback program on Tuesday, December 12th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the construction company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

A number of analysts have recently commented on NVR shares. UBS Group boosted their price objective on NVR from $3,450.00 to $3,750.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Wells Fargo & Co restated a “market perform” rating on shares of NVR in a research report on Friday, October 20th. Zacks Investment Research upgraded NVR from a “hold” rating to a “strong-buy” rating and set a $3,707.00 price objective for the company in a research report on Tuesday, October 24th. Finally, Zelman & Associates upgraded NVR from a “hold” rating to a “buy” rating in a research report on Friday, October 20th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. NVR presently has a consensus rating of “Buy” and a consensus target price of $3,186.75.

In other news, Director William A. Moran sold 4,949 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $3,261.99, for a total value of $16,143,588.51. Following the completion of the sale, the director now directly owns 26,085 shares in the company, valued at $85,089,009.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.30% of the stock is owned by insiders.

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About NVR

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).

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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