1832 Asset Management L.P. Acquires 23 Shares of NVR, Inc. (NYSE:NVR)

1832 Asset Management L.P. grew its holdings in NVR, Inc. (NYSE:NVR) by 1.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,405 shares of the construction company’s stock after purchasing an additional 23 shares during the period. 1832 Asset Management L.P. owned about 0.08% of NVR worth $19,480,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. SG Americas Securities LLC increased its position in NVR by 34.4% during the fourth quarter. SG Americas Securities LLC now owns 121 shares of the construction company’s stock valued at $847,000 after acquiring an additional 31 shares during the last quarter. HB Wealth Management LLC lifted its stake in shares of NVR by 22.2% in the 4th quarter. HB Wealth Management LLC now owns 44 shares of the construction company’s stock worth $308,000 after purchasing an additional 8 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of NVR by 1,158.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 906 shares of the construction company’s stock worth $6,342,000 after purchasing an additional 834 shares during the period. Planned Solutions Inc. bought a new position in shares of NVR in the 4th quarter worth approximately $91,000. Finally, Ballew Advisors Inc lifted its stake in shares of NVR by 3.7% in the 4th quarter. Ballew Advisors Inc now owns 112 shares of the construction company’s stock worth $802,000 after purchasing an additional 4 shares during the period. Institutional investors own 83.67% of the company’s stock.

NVR Price Performance

Shares of NVR stock traded up $128.72 on Friday, reaching $8,600.60. The company’s stock had a trading volume of 22,269 shares, compared to its average volume of 19,346. The stock’s fifty day simple moving average is $7,743.57 and its 200-day simple moving average is $7,630.36. NVR, Inc. has a 1 year low of $5,210.49 and a 1 year high of $8,695.00. The company has a current ratio of 5.84, a quick ratio of 3.97 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $26.95 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 2.29 and a beta of 1.17.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, July 23rd. The construction company reported $120.69 earnings per share for the quarter, missing analysts’ consensus estimates of $121.65 by ($0.96). NVR had a net margin of 16.83% and a return on equity of 38.51%. The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.48 billion. Analysts forecast that NVR, Inc. will post 499.77 earnings per share for the current fiscal year.

NVR announced that its board has authorized a stock repurchase plan on Tuesday, May 7th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 3.1% 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.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of NVR from $7,600.00 to $8,175.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. StockNews.com upgraded shares of NVR from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th.

Insider Activity at NVR

In other NVR news, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $7,700.00, for a total transaction of $1,540,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at $1,771,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director William Grady Rosier sold 600 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $7,665.63, for a total transaction of $4,599,378.00. Following the completion of the sale, the director now directly owns 1,701 shares of the company’s stock, valued at $13,039,236.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew B. Kelpy sold 200 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $7,700.00, for a total transaction of $1,540,000.00. Following the sale, the chief accounting officer now directly owns 230 shares of the company’s stock, valued at $1,771,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,600 shares of company stock valued at $12,233,609. 7.00% of the stock is owned by corporate insiders.

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.