NVR, Inc. (NYSE:NVR) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its position in shares of NVR, Inc. (NYSE:NVR) by 0.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,452 shares of the construction company’s stock after purchasing an additional 53 shares during the period. Assenagon Asset Management S.A. owned 0.28% of NVR worth $61,230,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JDM Financial Group LLC purchased a new stake in NVR during the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC increased its holdings in shares of NVR by 150.0% in the 4th 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 raised its position in shares of NVR by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company’s stock worth $57,000 after acquiring an additional 3 shares in the last quarter. Franchise Capital Ltd purchased a new stake in NVR during the first quarter worth approximately $51,000. Finally, Wilmington Savings Fund Society FSB boosted its holdings in NVR by 60.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 8 shares of the construction company’s stock valued at $65,000 after purchasing an additional 3 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Down 1.4%

Shares of NYSE NVR opened at $7,298.43 on Thursday. The business has a 50-day moving average price of $7,132.85 and a 200 day moving average price of $7,644.39. The stock has a market cap of $21.34 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 2.39 and a beta of 0.99. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22. 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, April 22nd. The construction company reported $94.83 earnings per share for the quarter, missing analysts’ consensus estimates of $107.87 by ($13.04). The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.35 billion. NVR had a net margin of 16.34% and a return on equity of 39.67%. Equities research analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR announced that its Board of Directors has authorized a share buyback program on Tuesday, May 6th that allows the company to buyback $750.00 million in shares. This buyback authorization allows the construction company to reacquire up to 3.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

NVR has been the topic of a number of research analyst reports. Wall Street Zen raised shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, May 24th. UBS Group dropped their target price on shares of NVR from $8,900.00 to $7,900.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, NVR has a consensus rating of “Hold” and a consensus target price of $9,023.33.

NVR 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.