Brandywine Global Investment Management LLC Boosts Stock Holdings in NVR, Inc. $NVR

Key Points

• Brandywine Global Investment Management LLC increased its stake in NVR, Inc. by 10.9%, owning 4,523 shares valued at approximately $32.77 million as of the end of the first quarter.
• Other institutional investors have also significantly boosted their holdings in NVR, with GAMMA Investing LLC raising its position by 838,726.3% to own 159,377 shares worth about $1.15 billion.
• NVR's stock is currently rated as a "Hold" by analysts, with a consensus target price of $8,783.33, reflecting a measured outlook amidst fluctuating market conditions.

Brandywine Global Investment Management LLC increased its stake in NVR, Inc. (NYSE:NVR - Free Report) by 10.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,523 shares of the construction company's stock after purchasing an additional 444 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.15% of NVR worth $32,766,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of NVR. GAMMA Investing LLC raised its holdings in shares of NVR by 838,726.3% in the 1st quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock worth $1,154,589,000 after purchasing an additional 159,358 shares during the period. Siemens Fonds Invest GmbH raised its holdings in NVR by 116,808.2% during the 4th quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock valued at $468,528,000 after acquiring an additional 57,236 shares during the period. Nuveen LLC bought a new stake in NVR during the 1st quarter valued at $334,981,000. JPMorgan Chase & Co. raised its holdings in NVR by 41.6% during the 1st quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company's stock valued at $379,639,000 after acquiring an additional 15,405 shares during the period. Finally, Citadel Advisors LLC bought a new stake in NVR during the 4th quarter valued at $118,087,000. Institutional investors own 83.67% of the company's stock.

Insider Buying and Selling at NVR

In related news, Director Susan Williamson Ross sold 125 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $7,850.28, for a total value of $981,285.00. Following the completion of the transaction, the director directly owned 386 shares in the company, valued at approximately $3,030,208.08. The trade was a 24.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Matthew B. Kelpy sold 600 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the completion of the transaction, the chief accounting officer owned 208 shares of the company's stock, valued at $1,684,800. This trade represents a 74.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NVR shares. UBS Group boosted their target price on shares of NVR from $7,900.00 to $8,150.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. boosted their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $8,783.33.

NVR Price Performance

Shares of NVR stock traded down $189.75 during trading on Wednesday, hitting $8,057.14. The stock had a trading volume of 10,324 shares, compared to its average volume of 22,927. The firm has a market cap of $23.12 billion, a price-to-earnings ratio of 17.01, a P/E/G ratio of 11.33 and a beta of 0.94. NVR, Inc. has a 12 month low of $6,562.85 and a 12 month high of $9,964.77. The business's 50-day moving average is $7,615.04 and its 200 day moving average is $7,360.37. The company has a current ratio of 5.79, a quick ratio of 2.97 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, topping the consensus estimate of $104.89 by $3.65. NVR had a net margin of 14.68% and a return on equity of 37.35%. The firm had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.46 billion. During the same quarter in the prior year, the firm posted $120.69 earnings per share. The business's quarterly revenue was down .5% on a year-over-year basis. As a group, sell-side analysts anticipate that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its Board of Directors has initiated a stock repurchase program on Tuesday, May 6th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its shares are undervalued.

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.