Assenagon Asset Management S.A. Sells 1,400 Shares of NVR, Inc. $NVR

Assenagon Asset Management S.A. cut its holdings in NVR, Inc. (NYSE:NVR) by 9.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,918 shares of the construction company’s stock after selling 1,400 shares during the period. Assenagon Asset Management S.A.’s holdings in NVR were worth $91,717,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC boosted its stake in NVR by 68.9% during the 4th quarter. Brighton Jones LLC now owns 76 shares of the construction company’s stock valued at $622,000 after purchasing an additional 31 shares during the period. Woodline Partners LP increased its position in NVR by 28.4% in the 1st quarter. Woodline Partners LP now owns 253 shares of the construction company’s stock worth $1,833,000 after buying an additional 56 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of NVR by 100.0% during the second quarter. EverSource Wealth Advisors LLC now owns 10 shares of the construction company’s stock worth $75,000 after buying an additional 5 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of NVR by 7.9% during the second quarter. Cerity Partners LLC now owns 409 shares of the construction company’s stock worth $3,021,000 after buying an additional 30 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in shares of NVR by 3.7% in the second quarter. Daiwa Securities Group Inc. now owns 449 shares of the construction company’s stock valued at $3,316,000 after acquiring an additional 16 shares during the period. Institutional investors and hedge funds own 83.67% of the company’s stock.

NVR Stock Performance

Shares of NYSE NVR opened at $6,754.66 on Thursday. The firm has a market capitalization of $18.24 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 4.74 and a beta of 0.93. NVR, Inc. has a one year low of $5,501.01 and a one year high of $8,618.28. The business has a fifty day simple moving average of $6,270.04 and a 200 day simple moving average of $6,915.41. The company has a current ratio of 5.19, a quick ratio of 2.67 and a debt-to-equity ratio of 0.26.

NVR (NYSE:NVR) last posted its quarterly earnings results on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.09 billion. NVR had a return on equity of 32.66% and a net margin of 12.93%.The firm’s quarterly revenue was down 21.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $94.83 EPS. Sell-side analysts expect that NVR, Inc. will post 372.53 EPS for the current year.

Analyst Ratings Changes

NVR has been the topic of several research analyst reports. Bank of America lowered their price objective on shares of 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. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Seaport Research Partners restated a “sell” rating and set a $5,664.00 price objective on shares of NVR in a report on Tuesday, April 7th. BTIG Research reaffirmed a “buy” rating and set a $8,096.00 price objective on shares of NVR in a research report on Wednesday, April 22nd. Finally, Weiss Ratings cut shares of NVR from a “hold (c)” rating to a “sell (d+)” rating in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, NVR has a consensus rating of “Hold” and an average price target of $7,649.33.

Insiders Place Their Bets

In other NVR news, Director Michael J. Devito purchased 11 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The stock was purchased at an average price of $6,699.50 per share, with a total value of $73,694.50. Following the completion of the transaction, the director directly owned 25 shares of the company’s stock, valued at approximately $167,487.50. This trade represents a 78.57% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.60% of the stock is currently 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.