Gotham Asset Management LLC Buys 229 Shares of NVR, Inc. $NVR

Gotham Asset Management LLC lifted its stake in NVR, Inc. (NYSE:NVR) by 7.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,459 shares of the construction company’s stock after buying an additional 229 shares during the quarter. Gotham Asset Management LLC’s holdings in NVR were worth $27,792,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NVR. State of Wyoming purchased a new position in NVR during the second quarter valued at $44,000. Zions Bancorporation National Association UT lifted its stake in NVR by 600.0% in the 3rd quarter. Zions Bancorporation National Association UT now owns 7 shares of the construction company’s stock worth $56,000 after purchasing an additional 6 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in NVR in the 2nd quarter worth $59,000. Financial Gravity Companies Inc. bought a new position in shares of NVR during the 2nd quarter valued at about $66,000. Finally, MUFG Securities EMEA plc bought a new position in shares of NVR during the 2nd quarter valued at about $66,000. Institutional investors own 83.67% of the company’s stock.

NVR Stock Performance

NVR stock opened at $6,567.33 on Tuesday. The company’s 50-day moving average price is $7,469.62 and its 200-day moving average price is $7,587.86. The company has a quick ratio of 3.71, a current ratio of 6.21 and a debt-to-equity ratio of 0.24. The company has a market cap of $18.32 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 2.20 and a beta of 1.04. NVR, Inc. has a twelve month low of $6,368.70 and a twelve month high of $8,618.28.

NVR (NYSE:NVR) last announced its quarterly earnings results on Wednesday, January 28th. The construction company reported $121.54 EPS for the quarter, beating analysts’ consensus estimates of $105.42 by $16.12. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.41 billion. NVR had a net margin of 13.27% and a return on equity of 34.28%. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter last year, the firm earned $139.93 EPS. On average, equities research analysts forecast that NVR, Inc. will post 505.2 EPS for the current fiscal year.

NVR declared that its board has approved a stock repurchase program on Wednesday, February 11th that permits the company to buyback $750.00 million in shares. This buyback authorization permits the construction company to repurchase up to 3.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. BTIG Research began coverage on NVR in a report on Monday, December 1st. They issued a “buy” rating and a $9,022.00 target price on the stock. Zelman & Associates raised NVR from a “sell” rating to a “hold” rating and set a $7,675.00 price target for the company in a research note on Thursday, January 29th. Truist Financial assumed coverage on NVR in a report on Wednesday, March 4th. They set a “hold” rating and a $7,700.00 price target for the company. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NVR in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $8,182.83.

Insider Buying and Selling

In other NVR news, Director Susan Williamson Ross sold 200 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $7,922.06, for a total transaction of $1,584,412.00. Following the sale, the director directly owned 386 shares in the company, valued at $3,057,915.16. This represents a 34.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Matthew B. Kelpy sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the completion of the sale, the chief accounting officer directly owned 208 shares of the company’s stock, valued at $1,684,800. The trade was a 70.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,120 shares of company stock worth $9,012,736. Company insiders own 7.80% of the company’s stock.

NVR Company Profile

NVR, Inc is a U.S.-based homebuilding and mortgage banking company that designs, constructs and sells single-family detached homes, townhomes and condominiums. The company operates primarily through its homebuilding business and a mortgage banking subsidiary, providing financing and related closing services to its homebuyers. NVR’s homebuilding activities include land development, community planning, model home sales and construction management aimed at a range of buyer demographics.

Its homes are marketed under recognizable regional brands, including Ryan Homes and NVHomes, along with other market-specific trade names, and are offered across multiple geographic markets in the United States.