Assenagon Asset Management S.A. Has $68.70 Million Holdings in NVR, Inc. (NYSE:NVR)

Assenagon Asset Management S.A. lessened its holdings in shares of NVR, Inc. (NYSE:NVR - Free Report) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,399 shares of the construction company's stock after selling 468 shares during the quarter. Assenagon Asset Management S.A. owned 0.27% of NVR worth $68,695,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NVR. Massmutual Trust Co. FSB ADV raised its holdings in shares of NVR by 100.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company's stock worth $39,000 after acquiring an additional 2 shares during the period. GAMMA Investing LLC raised its stake in shares of NVR by 13.3% in the 3rd quarter. GAMMA Investing LLC now owns 17 shares of the construction company's stock valued at $167,000 after purchasing an additional 2 shares during the period. IFM Investors Pty Ltd lifted its holdings in shares of NVR by 0.3% in the third quarter. IFM Investors Pty Ltd now owns 603 shares of the construction company's stock valued at $5,917,000 after purchasing an additional 2 shares in the last quarter. Metis Global Partners LLC boosted its position in shares of NVR by 1.8% during the third quarter. Metis Global Partners LLC now owns 114 shares of the construction company's stock worth $1,119,000 after buying an additional 2 shares during the period. Finally, Private Trust Co. NA boosted its position in shares of NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock worth $49,000 after buying an additional 2 shares during the period. 83.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NVR has been the topic of several research reports. UBS Group cut their target price on NVR from $9,450.00 to $8,750.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Seaport Res Ptn lowered shares of NVR from a "strong-buy" rating to a "hold" rating in a research report on Sunday, November 10th. Bank of America decreased their target price on shares of NVR from $10,800.00 to $10,600.00 and set a "buy" rating for the company in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price target on shares of NVR from $9,820.00 to $9,245.00 and set a "neutral" rating on the stock in a research note on Friday, December 13th. Finally, StockNews.com downgraded shares of NVR from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $9,531.67.

Insider Activity

In other news, Director David A. Preiser sold 250 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the completion of the sale, the director now owns 239 shares in the company, valued at $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Matthew B. Kelpy sold 400 shares of NVR stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total value of $3,780,000.00. Following the sale, the chief accounting officer now directly owns 208 shares of the company's stock, valued at approximately $1,965,600. The trade was a 65.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 775 shares of company stock valued at $7,294,073 over the last three months. Insiders own 7.00% of the company's stock.

NVR Stock Up 1.1 %

Shares of NYSE:NVR traded up $90.55 during midday trading on Thursday, hitting $8,349.63. The stock had a trading volume of 31,693 shares, compared to its average volume of 27,959. The company has a market cap of $25.58 billion, a P/E ratio of 17.07, a PEG ratio of 1.57 and a beta of 1.20. NVR, Inc. has a 12 month low of $6,800.00 and a 12 month high of $9,964.77. The business's 50-day simple moving average is $8,641.39 and its 200-day simple moving average is $8,838.63. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $131.00 by ($0.50). NVR had a net margin of 16.51% and a return on equity of 38.20%. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the previous year, the company posted $125.26 earnings per share. The firm's revenue for the quarter was up 6.6% compared to the same quarter last year. On average, sell-side analysts forecast that NVR, Inc. will post 494.48 earnings per share for the current fiscal year.

NVR announced that its board has authorized a share buyback program on Wednesday, December 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

About NVR

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.