Brandywine Global Investment Management LLC Buys 112 Shares of NVR, Inc. $NVR

Brandywine Global Investment Management LLC increased its stake in NVR, Inc. (NYSE:NVR) by 2.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,945 shares of the construction company’s stock after acquiring an additional 112 shares during the period. Brandywine Global Investment Management LLC’s holdings in NVR were worth $36,063,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Oakworth Capital Inc. bought a new stake in NVR in the fourth quarter worth $36,000. State of Wyoming purchased a new position in shares of NVR during the second quarter valued at approximately $44,000. Zions Bancorporation National Association UT grew its stake in shares of NVR by 600.0% during the third quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock valued at $56,000 after buying an additional 6 shares during the last quarter. USA Financial Formulas grew its stake in shares of NVR by 75.0% during the fourth quarter. USA Financial Formulas now owns 7 shares of the construction company’s stock valued at $51,000 after buying an additional 3 shares during the last quarter. Finally, Clearstead Advisors LLC grew its stake in shares of NVR by 75.0% during the fourth quarter. Clearstead Advisors LLC now owns 7 shares of the construction company’s stock valued at $51,000 after buying an additional 3 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

NVR Stock Up 0.3%

NYSE:NVR opened at $6,201.64 on Tuesday. The company has a current ratio of 5.19, a quick ratio of 2.67 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $6,325.59 and a 200-day simple moving average of $7,001.64. The company has a market cap of $16.74 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 4.55 and a beta of 0.93. NVR, Inc. has a twelve month low of $5,501.01 and a twelve month high of $8,618.28.

NVR (NYSE:NVR) last released its quarterly earnings data on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing the consensus estimate of $79.97 by ($12.21). The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $2.09 billion. NVR had a net margin of 12.93% and a return on equity of 32.66%. The business’s revenue was down 21.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $94.83 earnings per share. Analysts anticipate that NVR, Inc. will post 375.15 EPS for the current year.

NVR announced that its board has authorized a stock repurchase plan on Wednesday, February 11th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NVR. Bank of America cut their target price on NVR from $8,600.00 to $8,225.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. BTIG Research restated a “buy” rating and set a $8,096.00 price objective on shares of NVR in a report on Wednesday, April 22nd. Wall Street Zen upgraded NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded NVR from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, May 7th. Finally, UBS Group decreased their target price on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $7,649.33.

Insider Buying and Selling at NVR

In other news, Director Michael J. Devito acquired 11 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was purchased at an average cost of $6,699.50 per share, for a total transaction of $73,694.50. Following the completion of the acquisition, the director directly owned 25 shares of the company’s stock, valued at $167,487.50. The trade was a 78.57% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.60% of the stock is owned by insiders.

NVR 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.