Assenagon Asset Management S.A. Boosts Holdings in NVR, Inc. (NYSE:NVR)

Assenagon Asset Management S.A. grew its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 0.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 about 0.28% of NVR worth $61,230,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JDM Financial Group LLC acquired a new position in shares of NVR during the fourth quarter worth about $25,000. 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 buying an additional 3 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in NVR by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 7 shares of the construction company's stock valued at $57,000 after buying an additional 3 shares during the last quarter. Franchise Capital Ltd purchased a new stake in NVR in the first quarter valued at approximately $51,000. Finally, Wilmington Savings Fund Society FSB lifted its holdings in shares of NVR by 60.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 8 shares of the construction company's stock worth $65,000 after purchasing an additional 3 shares during the period. 83.67% of the stock is currently owned by hedge funds and other institutional investors.

NVR Price Performance

NYSE:NVR traded down $169.98 during trading hours on Friday, hitting $7,216.34. The company's stock had a trading volume of 17,700 shares, compared to its average volume of 22,088. NVR, Inc. has a 52-week low of $6,562.85 and a 52-week high of $9,964.77. The company has a market capitalization of $21.10 billion, a PE ratio of 14.22, a PEG ratio of 2.39 and a beta of 0.99. The business's 50-day moving average is $7,150.07 and its two-hundred day moving average is $7,617.35. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.69 and a current ratio of 6.18.

NVR (NYSE:NVR - Get Free Report) last announced its quarterly earnings results 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%. As a group, research analysts anticipate that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR announced that its board has approved a share repurchase plan on Tuesday, May 6th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 3.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

NVR has been the subject of several recent research reports. UBS Group decreased their price target on NVR from $8,900.00 to $7,900.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Wall Street Zen downgraded NVR from a "hold" rating to a "sell" rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target 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.