Gotham Asset Management LLC Has $20.65 Million Stock Holdings in NVR, Inc. $NVR

Key Points

• Gotham Asset Management LLC increased its stake in NVR, Inc. by 70.8%, owning approximately $20.65 million worth of shares as of the latest SEC filing.
• Other institutional investors also significantly boosted their holdings in NVR, with GAMMA Investing LLC increasing its stake by an astonishing 838,726.3% during the same quarter.
• NVR reported a net margin of 14.68% with earnings per share surpassing analysts' expectations, although quarterly revenue saw a 0.5% decline compared to last year.

Gotham Asset Management LLC lifted its stake in NVR, Inc. (NYSE:NVR - Free Report) by 70.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,851 shares of the construction company's stock after acquiring an additional 1,182 shares during the quarter. Gotham Asset Management LLC owned approximately 0.10% of NVR worth $20,654,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. GAMMA Investing LLC increased its stake in shares of NVR by 838,726.3% in the first quarter. GAMMA Investing LLC now owns 159,377 shares of the construction company's stock worth $1,154,589,000 after acquiring an additional 159,358 shares during the last quarter. Boston Partners increased its stake in shares of NVR by 14.0% in the first quarter. Boston Partners now owns 59,077 shares of the construction company's stock worth $427,962,000 after acquiring an additional 7,233 shares during the last quarter. Siemens Fonds Invest GmbH increased its stake in shares of NVR by 116,808.2% in the fourth quarter. Siemens Fonds Invest GmbH now owns 57,285 shares of the construction company's stock worth $468,528,000 after acquiring an additional 57,236 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of NVR by 5.3% in the first quarter. Principal Financial Group Inc. now owns 56,352 shares of the construction company's stock worth $408,236,000 after acquiring an additional 2,814 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of NVR by 41.6% in the first quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company's stock worth $379,639,000 after acquiring an additional 15,405 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

NVR Trading Up 2.6%

NVR stock opened at $8,399.83 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. The company has a market capitalization of $24.11 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 11.39 and a beta of 0.95. NVR, Inc. has a one year low of $6,562.85 and a one year high of $9,964.77. The company's fifty day moving average price is $7,839.55 and its two-hundred day moving average price is $7,410.23.

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 (EPS) for the quarter, beating analysts' consensus estimates of $104.89 by $3.65. NVR had a net margin of 14.68% and a return on equity of 37.35%. The company had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.46 billion. During the same period in the prior year, the company earned $120.69 earnings per share. The business's quarterly revenue was down .5% compared to the same quarter last year. On average, analysts forecast that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

Insider Buying and Selling at NVR

In other NVR news, Director Alexandra A. Jung sold 200 shares of the company's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total transaction of $1,616,488.00. Following the completion of the sale, the director directly owned 75 shares in the company, valued at $606,183. This represents a 72.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Matthew B. Kelpy sold 600 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the sale, 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. Insiders sold 975 shares of company stock worth $7,869,360 over the last ninety days. Company insiders own 7.00% of the company's stock.

Analyst Ratings Changes

NVR has been the topic of a number of research reports. UBS Group upped their price target on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. increased their target price on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen raised shares of NVR from a "sell" rating to a "hold" rating in a research 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $8,783.33.

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.

Want to see what other hedge funds are holding NVR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVR, Inc. (NYSE:NVR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.