Acadian Asset Management LLC Acquires 15,512 Shares of NVR, Inc. (NVR)

Acadian Asset Management LLC grew its holdings in NVR, Inc. (NYSE:NVR) by 47.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,238 shares of the construction company’s stock after purchasing an additional 15,512 shares during the quarter. Acadian Asset Management LLC owned 1.29% of NVR worth $169,231,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of NVR. Toronto Dominion Bank purchased a new position in shares of NVR in the second quarter valued at approximately $104,000. Advisor Group Inc. boosted its stake in shares of NVR by 13.9% in the second quarter. Advisor Group Inc. now owns 82 shares of the construction company’s stock valued at $197,000 after purchasing an additional 10 shares during the period. Independent Advisor Alliance acquired a new stake in NVR in the third quarter valued at approximately $217,000. Highstreet Asset Management Inc. acquired a new stake in NVR in the third quarter valued at approximately $228,000. Finally, Frontier Wealth Management LLC acquired a new stake in NVR in the second quarter valued at approximately $256,000. 78.36% of the stock is owned by institutional investors and hedge funds.

Shares of NVR, Inc. (NYSE NVR) traded up $105.69 during trading hours on Thursday, reaching $3,646.69. 28,300 shares of the company traded hands, compared to its average volume of 31,164. The firm has a market capitalization of $13,630.00, a PE ratio of 26.78, a price-to-earnings-growth ratio of 1.02 and a beta of 0.75. NVR, Inc. has a 52-week low of $1,662.30 and a 52-week high of $3,677.10. The company has a current ratio of 3.60, a quick ratio of 1.44 and a debt-to-equity ratio of 0.36.

NVR (NYSE:NVR) last issued its earnings results on Thursday, October 19th. The construction company reported $38.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $35.77 by $2.25. NVR had a net margin of 9.22% and a return on equity of 38.23%. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the company earned $28.46 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year. research analysts predict that NVR, Inc. will post 147.66 EPS for the current fiscal year.

NVR announced that its board has authorized a share repurchase program on Tuesday, December 12th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

In other NVR news, Director Timothy M. Donahue sold 326 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $3,266.87, for a total transaction of $1,064,999.62. Following the sale, the director now owns 844 shares of the company’s stock, valued at $2,757,238.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William A. Moran sold 4,949 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $3,261.99, for a total transaction of $16,143,588.51. Following the sale, the director now directly owns 26,085 shares in the company, valued at approximately $85,089,009.15. The disclosure for this sale can be found here. 11.30% of the stock is currently owned by company insiders.

Several brokerages recently weighed in on NVR. UBS Group raised their target price on shares of NVR from $3,450.00 to $3,750.00 and gave the company a “neutral” rating in a report on Wednesday. ValuEngine raised shares of NVR from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zelman & Associates raised shares of NVR from a “hold” rating to a “buy” rating in a report on Friday, October 20th. Zacks Investment Research cut shares of NVR from a “buy” rating to a “hold” rating in a report on Monday, September 25th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating on shares of NVR in a report on Friday, October 20th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $3,186.75.

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NVR Profile

NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).

Institutional Ownership by Quarter for NVR (NYSE:NVR)

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