Fisher Asset Management LLC Takes $222,000 Position in NVR, Inc. (NYSE:NVR)

Fisher Asset Management LLC purchased a new stake in shares of NVR, Inc. (NYSE:NVR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 35 shares of the construction company’s stock, valued at approximately $222,000.

Other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers lifted its position in shares of NVR by 0.6% during the second quarter. Rhumbline Advisers now owns 6,738 shares of the construction company’s stock worth $42,790,000 after acquiring an additional 41 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of NVR by 76.9% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 5,572 shares of the construction company’s stock worth $35,386,000 after acquiring an additional 2,423 shares in the last quarter. Advisor OS LLC lifted its position in shares of NVR by 0.7% during the second quarter. Advisor OS LLC now owns 295 shares of the construction company’s stock worth $1,873,000 after acquiring an additional 2 shares in the last quarter. Sepio Capital LP lifted its position in shares of NVR by 2.1% during the second quarter. Sepio Capital LP now owns 1,095 shares of the construction company’s stock worth $6,973,000 after acquiring an additional 23 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in NVR by 10.3% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,716 shares of the construction company’s stock worth $36,300,000 after purchasing an additional 535 shares in the last quarter. Hedge funds and other institutional investors own 84.49% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on NVR. Bank of America boosted their price objective on NVR from $6,500.00 to $7,200.00 in a research report on Wednesday, July 26th. StockNews.com began coverage on NVR in a research report on Thursday, October 5th. They set a “hold” rating for the company.

Insider Buying and Selling

In related news, CFO Daniel David Malzahn sold 356 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $5,453.10, for a total value of $1,941,303.60. Following the completion of the transaction, the chief financial officer now directly owns 10,135 shares in the company, valued at approximately $55,267,168.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Eugene James Bredow sold 1,500 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $6,292.47, for a total transaction of $9,438,705.00. Following the completion of the transaction, the chief executive officer now directly owns 1,851 shares in the company, valued at $11,647,361.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Daniel David Malzahn sold 356 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $5,453.10, for a total value of $1,941,303.60. Following the transaction, the chief financial officer now owns 10,135 shares of the company’s stock, valued at $55,267,168.50. The disclosure for this sale can be found here. Insiders sold a total of 4,666 shares of company stock worth $27,777,513 in the last three months. 8.60% of the stock is owned by corporate insiders.

NVR Price Performance

NVR stock opened at $6,307.12 on Tuesday. NVR, Inc. has a 1 year low of $4,308.05 and a 1 year high of $6,525.00. The company has a market cap of $20.06 billion, a P/E ratio of 13.27 and a beta of 1.04. The firm has a 50-day moving average of $5,910.02 and a 200 day moving average of $6,025.59. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.45 and a quick ratio of 4.03.

NVR (NYSE:NVR) last released its quarterly earnings results on Tuesday, October 24th. The construction company reported $125.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $115.60 by $9.66. NVR had a net margin of 17.05% and a return on equity of 41.75%. The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the prior year, the firm earned $118.51 earnings per share. NVR’s revenue was down 8.3% on a year-over-year basis. On average, sell-side analysts forecast that NVR, Inc. will post 463.01 EPS for the current year.

NVR announced that its board has approved a share buyback program on Wednesday, August 2nd that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the construction company to buy up to 2.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

About NVR

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.