Assenagon Asset Management S.A. Has $68.70 Million Stake in NVR, Inc. (NYSE:NVR)

Assenagon Asset Management S.A. lowered its position in shares of NVR, Inc. (NYSE:NVR) by 5.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,399 shares of the construction company’s stock after selling 468 shares during the period. Assenagon Asset Management S.A. owned about 0.27% of NVR worth $68,695,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Massmutual Trust Co. FSB ADV lifted its stake in NVR by 100.0% in the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock valued at $39,000 after buying an additional 2 shares during the period. GAMMA Investing LLC lifted its position in shares of NVR by 13.3% during the 3rd quarter. GAMMA Investing LLC now owns 17 shares of the construction company’s stock valued at $167,000 after acquiring an additional 2 shares during the period. IFM Investors Pty Ltd boosted its stake in NVR by 0.3% during the third quarter. IFM Investors Pty Ltd now owns 603 shares of the construction company’s stock worth $5,917,000 after acquiring an additional 2 shares in the last quarter. Metis Global Partners LLC grew its holdings in NVR by 1.8% in the third quarter. Metis Global Partners LLC now owns 114 shares of the construction company’s stock worth $1,119,000 after purchasing an additional 2 shares during the period. Finally, Private Trust Co. NA increased its stake in NVR by 66.7% in the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock valued at $49,000 after purchasing an additional 2 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

Insider Buying and Selling

In other NVR news, Director David A. Preiser sold 250 shares of NVR stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the transaction, the director now owns 239 shares of the company’s stock, valued at $2,223,330.96. This trade represents a 51.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Matthew B. Kelpy sold 400 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 208 shares of the company’s stock, valued at approximately $1,965,600. This represents a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 775 shares of company stock worth $7,294,073. 7.00% of the stock is owned by insiders.

NVR Stock Up 1.3 %

NVR stock opened at $8,252.36 on Thursday. The stock’s 50 day moving average is $8,660.39 and its 200-day moving average is $8,842.76. NVR, Inc. has a twelve month low of $6,800.00 and a twelve month high of $9,964.77. The firm has a market capitalization of $25.29 billion, a PE ratio of 16.87, a P/E/G ratio of 1.84 and a beta of 1.20. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR) last posted its quarterly earnings data on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). NVR had a return on equity of 38.20% and a net margin of 16.51%. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the prior year, the firm earned $125.26 earnings per share. NVR’s revenue was up 6.6% compared to the same quarter last year. Sell-side analysts expect that NVR, Inc. will post 494.48 EPS for the current fiscal year.

NVR declared that its board has authorized a stock buyback plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 2.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several analysts have recently commented on NVR shares. Bank of America reduced their target price on NVR from $10,800.00 to $10,600.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. UBS Group reduced their price objective on NVR from $9,450.00 to $8,750.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Seaport Res Ptn cut NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. JPMorgan Chase & Co. decreased their price target on shares of NVR from $9,820.00 to $9,245.00 and set a “neutral” rating for the company in a research note on Friday, December 13th. Finally, StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, NVR has a consensus rating of “Hold” and an average price target of $9,531.67.

About NVR

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.