NVR, Inc. $NVR Position Reduced by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its position in NVR, Inc. (NYSE:NVR - Free Report) by 50.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,921 shares of the construction company's stock after selling 6,997 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.26% of NVR worth $47,156,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. M&T Bank Corp boosted its position in shares of NVR by 34,923.5% in the fourth quarter. M&T Bank Corp now owns 56,738 shares of the construction company's stock worth $413,777,000 after buying an additional 56,576 shares during the period. Norges Bank purchased a new position in NVR during the 4th quarter valued at about $311,496,000. Corient Private Wealth LLC grew its stake in NVR by 407.5% during the 4th quarter. Corient Private Wealth LLC now owns 45,572 shares of the construction company's stock valued at $332,346,000 after acquiring an additional 36,592 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of NVR by 879.9% in the 1st quarter. First Trust Advisors LP now owns 24,418 shares of the construction company's stock valued at $160,911,000 after purchasing an additional 21,926 shares during the period. Finally, Newport Capital Group LLC acquired a new position in shares of NVR in the 4th quarter valued at about $106,372,000. Institutional investors and hedge funds own 83.67% of the company's stock.

NVR Stock Up 1.5%

Shares of NVR stock opened at $6,399.95 on Friday. NVR, Inc. has a 12 month low of $5,501.01 and a 12 month high of $8,618.28. The company has a quick ratio of 2.24, a current ratio of 5.28 and a debt-to-equity ratio of 0.27. The firm has a market cap of $17.02 billion, a PE ratio of 16.60, a price-to-earnings-growth ratio of 10.54 and a beta of 0.91. The stock has a 50 day moving average of $6,433.96 and a 200-day moving average of $6,706.97.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $83.06. The business had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.40 billion. NVR had a net margin of 12.26% and a return on equity of 31.02%. NVR's quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter last year, the company posted $108.54 earnings per share. On average, equities analysts predict that NVR, Inc. will post 371.98 EPS for the current year.

Analyst Ratings Changes

NVR has been the topic of several research analyst reports. UBS Group lowered their price target on shares of NVR from $7,700.00 to $7,400.00 and set a "neutral" rating on the stock in a report on Friday, July 24th. Zacks Research lowered shares of NVR from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 21st. Bank of America reduced their target price on NVR from $7,600.00 to $7,200.00 and set a "buy" rating for the company in a report on Monday, July 20th. Zelman & Associates raised NVR from a "hold" rating to a "buy" rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of NVR in a report on Tuesday. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, NVR has a consensus rating of "Hold" and an average price target of $7,224.20.

NVR Company Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR's homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.

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