O Shaughnessy Asset Management LLC Acquires 408 Shares of NVR, Inc. $NVR

O Shaughnessy Asset Management LLC boosted its holdings in NVR, Inc. (NYSE:NVR) by 34.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,606 shares of the construction company’s stock after acquiring an additional 408 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in NVR were worth $11,712,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Capital Research Global Investors increased its stake in NVR by 0.4% in the 4th quarter. Capital Research Global Investors now owns 133,554 shares of the construction company’s stock worth $973,979,000 after acquiring an additional 551 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of NVR by 34,923.5% in the 4th quarter. M&T Bank Corp now owns 56,738 shares of the construction company’s stock worth $413,777,000 after purchasing an additional 56,576 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of NVR by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 43,318 shares of the construction company’s stock worth $348,051,000 after purchasing an additional 1,718 shares in the last quarter. Norges Bank purchased a new position in shares of NVR in the 4th quarter worth about $311,496,000. Finally, Capital World Investors boosted its holdings in shares of NVR by 0.3% in the 4th quarter. Capital World Investors now owns 40,703 shares of the construction company’s stock worth $296,838,000 after purchasing an additional 127 shares in the last quarter. 83.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Michael J. Devito bought 11 shares of the firm’s stock in a transaction dated Friday, April 24th. The stock was purchased at an average price of $6,699.50 per share, with a total value of $73,694.50. Following the transaction, the director owned 25 shares of the company’s stock, valued at approximately $167,487.50. The trade was a 78.57% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NVR. Bank of America cut their price objective on NVR from $8,600.00 to $8,225.00 and set a “buy” rating for the company in a report on Monday, April 20th. UBS Group cut their price objective on NVR from $8,100.00 to $7,700.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Weiss Ratings cut NVR from a “hold (c)” rating to a “sell (d+)” rating in a report on Thursday, May 7th. BTIG Research restated a “buy” rating and set a $8,096.00 target price on shares of NVR in a report on Wednesday, April 22nd. Finally, Truist Financial dropped their target price on NVR from $7,100.00 to $6,600.00 and set a “hold” rating for the company in a report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7,649.33.

NVR Trading Up 3.5%

NYSE NVR opened at $6,410.21 on Wednesday. NVR, Inc. has a fifty-two week low of $5,501.01 and a fifty-two week high of $8,618.28. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.67 and a current ratio of 5.19. The stock has a 50 day simple moving average of $6,324.66 and a two-hundred day simple moving average of $6,996.58. The stock has a market cap of $17.31 billion, a P/E ratio of 15.63, a price-to-earnings-growth ratio of 4.56 and a beta of 0.93.

NVR (NYSE:NVR) last released its quarterly earnings data on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing the consensus estimate of $79.97 by ($12.21). NVR had a return on equity of 32.66% and a net margin of 12.93%.The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same quarter last year, the business posted $94.83 EPS. The company’s quarterly revenue was down 21.7% compared to the same quarter last year. On average, analysts forecast that NVR, Inc. will post 375.15 earnings per share for the current year.

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

About NVR

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.