Assenagon Asset Management S.A. Has $87 Million Stake in NVR, Inc. (NYSE:NVR)

Assenagon Asset Management S.A. lifted its position in shares of NVR, Inc. (NYSE:NVR) by 254.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 8,867 shares of the construction company’s stock after purchasing an additional 6,363 shares during the quarter. Assenagon Asset Management S.A.’s holdings in NVR were worth $87,001,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of NVR. Mitsubishi UFJ Trust & Banking Corp grew its holdings in NVR by 1.3% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,560 shares of the construction company’s stock worth $44,791,000 after acquiring an additional 71 shares during the period. Sei Investments Co. lifted its stake in NVR by 89.6% in the first quarter. Sei Investments Co. now owns 2,653 shares of the construction company’s stock valued at $21,489,000 after buying an additional 1,254 shares during the period. Swedbank AB bought a new position in shares of NVR during the 1st quarter worth approximately $931,000. Jane Street Group LLC grew its position in shares of NVR by 1,285.4% during the 1st quarter. Jane Street Group LLC now owns 568 shares of the construction company’s stock worth $4,601,000 after buying an additional 527 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of NVR by 2.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,521 shares of the construction company’s stock valued at $20,151,000 after acquiring an additional 72 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors and hedge funds.

NVR Stock Up 1.4 %

NYSE NVR traded up $128.94 during trading hours 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 market capitalization of $29.89 billion, a PE ratio of 19.87, a price-to-earnings-growth ratio of 2.61 and a beta of 1.19. The company has a current ratio of 5.84, a quick ratio of 3.32 and a debt-to-equity ratio of 0.22. NVR, Inc. has a 52 week low of $5,210.49 and a 52 week high of $9,964.77. The company’s 50-day simple moving average is $9,370.73 and its two-hundred day simple moving average is $8,367.77.

NVR (NYSE:NVR) last posted its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). NVR had a net margin of 16.83% and a return on equity of 38.51%. The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the prior year, the business earned $125.26 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Research analysts anticipate that NVR, Inc. will post 500.67 EPS for the current fiscal year.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NVR shares. UBS Group increased their target price on shares of NVR from $8,450.00 to $9,450.00 and gave the stock a “neutral” rating in a research note on Wednesday. Bank of America cut their price objective on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a research report on Wednesday.

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.