Brandywine Global Investment Management LLC boosted its position in shares of NVR, Inc. (NYSE:NVR) by 1.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,345 shares of the construction company’s stock after acquiring an additional 60 shares during the period. Brandywine Global Investment Management LLC owned about 0.09% of NVR worth $11,735,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of NVR. Cerebellum GP LLC acquired a new position in NVR during the 4th quarter worth approximately $133,000. Checchi Capital Advisers LLC acquired a new position in NVR during the 4th quarter worth approximately $200,000. Commerce Bank acquired a new position in NVR during the 4th quarter worth approximately $207,000. Assetmark Inc. acquired a new position in NVR during the 4th quarter worth approximately $210,000. Finally, Greenleaf Trust grew its holdings in NVR by 1,120.0% during the 4th quarter. Greenleaf Trust now owns 61 shares of the construction company’s stock worth $214,000 after acquiring an additional 56 shares in the last quarter. Institutional investors own 79.76% of the company’s stock.
In other news, Director Eddie Arthur Grier sold 400 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $2,968.07, for a total value of $1,187,228.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Melquiades R. Martinez sold 47 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $3,000.00, for a total transaction of $141,000.00. Following the completion of the transaction, the director now owns 178 shares of the company’s stock, valued at approximately $534,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,097 shares of company stock valued at $3,373,063. Company insiders own 11.30% of the company’s stock.
NVR, Inc. (NVR) opened at $3,090.00 on Tuesday. NVR, Inc. has a twelve month low of $1,990.00 and a twelve month high of $3,700.00. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.62 and a quick ratio of 1.67. The stock has a market cap of $11,380.00, a price-to-earnings ratio of 21.87, a PEG ratio of 1.06 and a beta of 0.64.
NVR (NYSE:NVR) last issued its earnings results on Thursday, January 25th. The construction company reported $43.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $48.95 by ($5.54). NVR had a net margin of 8.70% and a return on equity of 38.72%. The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the company posted $37.80 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis. sell-side analysts expect that NVR, Inc. will post 188.66 earnings per share for the current year.
NVR announced that its board has approved a stock repurchase plan on Tuesday, December 12th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
NVR Company Profile
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
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