Gotham Asset Management LLC Has $13.65 Million Stock Position in NVR, Inc. (NYSE:NVR)

Gotham Asset Management LLC boosted its holdings in NVR, Inc. (NYSE:NVR) by 12.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,669 shares of the construction company’s stock after buying an additional 191 shares during the quarter. Gotham Asset Management LLC’s holdings in NVR were worth $13,651,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NVR. EverSource Wealth Advisors LLC lifted its holdings in shares of NVR by 150.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5 shares of the construction company’s stock worth $41,000 after acquiring an additional 3 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in NVR during the 3rd quarter worth approximately $49,000. Smartleaf Asset Management LLC lifted its stake in NVR by 75.0% in the 4th 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. Cullen Frost Bankers Inc. grew its stake in shares of NVR by 122.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 20 shares of the construction company’s stock worth $164,000 after buying an additional 11 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of NVR by 11.1% during the fourth quarter. Quadrant Capital Group LLC now owns 20 shares of the construction company’s stock worth $164,000 after buying an additional 2 shares in the last quarter. Institutional investors own 83.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NVR shares. JPMorgan Chase & Co. reduced their price objective on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. UBS Group lowered their price objective on NVR from $8,900.00 to $7,900.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, NVR currently has an average rating of “Hold” and an average price target of $9,023.33.

NVR Stock Down 1.0 %

Shares of NYSE:NVR opened at $7,152.97 on Friday. The firm has a market cap of $21.24 billion, a P/E ratio of 14.09, a P/E/G ratio of 2.39 and a beta of 1.02. NVR, Inc. has a 12-month low of $6,562.85 and a 12-month high of $9,964.77. The business has a fifty day simple moving average of $7,183.79 and a 200 day simple moving average of $7,950.16. The company has a quick ratio of 3.69, a current ratio of 6.18 and a debt-to-equity ratio of 0.22.

NVR (NYSE:NVR) last issued its quarterly earnings data on Tuesday, April 22nd. The construction company reported $94.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $107.87 by ($13.04). NVR had a return on equity of 39.67% and a net margin of 16.34%. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.35 billion. Analysts predict that NVR, Inc. will post 505.2 earnings per share for the current year.

NVR declared that its board has authorized a stock buyback program on Tuesday, May 6th that allows the company to repurchase $750.00 million in shares. This repurchase authorization allows the construction company to purchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Insider Transactions at NVR

In related news, Director Thomas D. Eckert sold 143 shares of NVR stock in a transaction on Monday, February 10th. The shares were sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the completion of the transaction, the director now owns 1,050 shares of the company’s stock, valued at $7,891,380. This trade represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.00% of the company’s stock.

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.