Brandywine Global Investment Management LLC Has $33.36 Million Stake in NVR, Inc. (NYSE:NVR)

Brandywine Global Investment Management LLC raised its position in shares of NVR, Inc. (NYSE:NVR - Free Report) by 62.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,079 shares of the construction company's stock after purchasing an additional 1,568 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.13% of NVR worth $33,362,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA lifted its stake in NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company's stock valued at $49,000 after buying an additional 2 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of NVR in the third quarter worth about $49,000. EverSource Wealth Advisors LLC boosted its position in NVR by 150.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company's stock worth $41,000 after purchasing an additional 3 shares during the period. Quantbot Technologies LP acquired a new position in NVR in the 3rd quarter valued at $59,000. Finally, Smartleaf Asset Management LLC grew its position in shares of 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 purchasing an additional 3 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NVR news, Director Thomas D. Eckert sold 143 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total value of $1,074,730.80. Following the completion of the sale, the director now directly owns 1,050 shares in the company, valued at $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 7.80% of the company's stock.

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NVR Price Performance

NYSE NVR traded up $303.39 during trading hours on Friday, reaching $7,413.38. 41,775 shares of the company's stock were exchanged, compared to its average volume of 21,940. The firm has a fifty day moving average of $7,407.03 and a 200-day moving average of $8,427.09. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. NVR, Inc. has a one year low of $7,000.00 and a one year high of $9,964.77. The stock has a market cap of $22.01 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 2.39 and a beta of 1.07.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 earnings per share for the quarter, beating analysts' consensus estimates of $132.63 by $7.30. NVR had a net margin of 16.34% and a return on equity of 39.67%. On average, equities research analysts predict that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

NVR declared that its Board of Directors has initiated a stock buyback plan on Wednesday, December 11th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to repurchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. UBS Group increased their target price on shares of NVR from $8,750.00 to $8,900.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their target price on NVR from $9,245.00 to $8,570.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, NVR currently has an average rating of "Hold" and a consensus price target of $9,356.67.

NVR 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.