Gotham Asset Management LLC Has $13.65 Million Stock Holdings in NVR, Inc. (NYSE:NVR)

Gotham Asset Management LLC increased its stake in shares of NVR, Inc. (NYSE:NVR) by 12.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,669 shares of the construction company’s stock after acquiring an additional 191 shares during the period. Gotham Asset Management LLC owned about 0.05% of NVR worth $13,651,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of NVR. Wilmington Savings Fund Society FSB acquired a new stake in shares of NVR in the 3rd quarter valued at approximately $49,000. EverSource Wealth Advisors LLC lifted its stake in NVR by 150.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock valued at $41,000 after acquiring an additional 3 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of NVR by 75.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock valued at $57,000 after acquiring an additional 3 shares during the period. Cullen Frost Bankers Inc. increased its stake in shares of NVR by 122.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 20 shares of the construction company’s stock worth $164,000 after purchasing an additional 11 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in shares of NVR by 11.1% in the 4th quarter. Quadrant Capital Group LLC now owns 20 shares of the construction company’s stock valued at $164,000 after purchasing an additional 2 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

NVR Price Performance

Shares of NYSE NVR opened at $7,152.97 on Friday. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. The firm has a market cap of $21.24 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. The business’s 50 day moving average is $7,183.79 and its 200-day moving average is $7,950.16. NVR, Inc. has a 1-year low of $6,562.85 and a 1-year high of $9,964.77.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, April 22nd. The construction company reported $94.83 earnings per share for the quarter, missing the consensus estimate of $107.87 by ($13.04). The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.35 billion. NVR had a return on equity of 39.67% and a net margin of 16.34%. Equities research analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its Board of Directors has initiated a share repurchase program on Tuesday, May 6th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 3.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at NVR

In other NVR news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction on Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the transaction, the director now directly owns 1,050 shares of the company’s stock, valued at $7,891,380. The trade was a 11.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on NVR. JPMorgan Chase & Co. lowered their price target on 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. UBS Group decreased their target price on NVR from $8,900.00 to $7,900.00 and set a “neutral” rating on the stock in a report on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $9,023.33.

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.