Assenagon Asset Management S.A. Buys 6,363 Shares of NVR, Inc. (NYSE:NVR)

Assenagon Asset Management S.A. boosted its stake in NVR, Inc. (NYSE:NVR) by 254.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 8,867 shares of the construction company’s stock after buying an additional 6,363 shares during the period. Assenagon Asset Management S.A. owned approximately 0.29% of NVR worth $87,001,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Valued Wealth Advisors LLC increased its stake in shares of NVR by 100.0% during the first quarter. Valued Wealth Advisors LLC now owns 4 shares of the construction company’s stock worth $32,000 after purchasing an additional 2 shares during the period. Massmutual Trust Co. FSB ADV lifted 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 buying an additional 2 shares in the last quarter. Blue Trust Inc. acquired a new position in shares of NVR in the third quarter valued at about $39,000. Redwood Wealth Management Group LLC bought a new position in NVR during the second quarter worth about $46,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in NVR in the 2nd quarter worth about $53,000. 83.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. UBS Group lifted their price target on shares of NVR from $8,450.00 to $9,450.00 and gave the company a “neutral” rating in a research report on Wednesday. Bank of America decreased their price target on NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research report on Wednesday.

Insider Buying and Selling

In other NVR news, Director Susan Williamson Ross sold 125 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $8,505.91, for a total value of $1,063,238.75. Following the sale, the director now owns 391 shares in the company, valued at $3,325,810.81. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other NVR news, Director Susan Williamson Ross sold 125 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $8,505.91, for a total value of $1,063,238.75. Following the completion of the transaction, the director now directly owns 391 shares in the company, valued at approximately $3,325,810.81. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Matthew B. Kelpy sold 200 shares of NVR stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $8,500.00, for a total value of $1,700,000.00. Following the sale, the chief accounting officer now directly owns 230 shares in the company, valued at $1,955,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 648 shares of company stock worth $5,547,709 in the last three months. 7.00% of the stock is owned by corporate insiders.

NVR Price Performance

Shares of NVR traded up $128.94 during midday trading on Thursday, hitting $9,540.00. The company’s stock had a trading volume of 4,254 shares, compared to its average volume of 19,176. The company has a quick ratio of 3.32, a current ratio of 5.84 and a debt-to-equity ratio of 0.22. NVR, Inc. has a one year low of $5,210.49 and a one year high of $9,964.77. The stock has a market capitalization of $29.89 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 2.61 and a beta of 1.19. The company’s fifty day simple moving average is $9,370.73 and its two-hundred day simple moving average is $8,367.77.

NVR (NYSE:NVR) last released 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). The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. NVR had a net margin of 16.83% and a return on equity of 38.51%. The business’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $125.26 EPS. As a group, equities analysts expect that NVR, Inc. will post 500.67 earnings per share for the current fiscal year.

NVR Company 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.