Asset Management One Co. Ltd. Reduces Holdings in NVR, Inc. (NYSE:NVR)

Posted by on Apr 30th, 2023

Asset Management One Co. Ltd. decreased its position in shares of NVR, Inc. (NYSE:NVR – Get Rating) by 9.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,189 shares of the construction company’s stock after selling 128 shares during the quarter. Asset Management One Co. Ltd.’s holdings in NVR were worth $5,525,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Dupont Capital Management Corp grew its holdings in shares of NVR by 100.0% during the fourth quarter. Dupont Capital Management Corp now owns 6 shares of the construction company’s stock worth $28,000 after buying an additional 3 shares during the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in shares of NVR during the fourth quarter worth about $32,000. UMB Bank n.a. grew its holdings in shares of NVR by 166.7% during the fourth quarter. UMB Bank n.a. now owns 8 shares of the construction company’s stock worth $37,000 after buying an additional 5 shares during the last quarter. Ellevest Inc. grew its holdings in shares of NVR by 100.0% during the third quarter. Ellevest Inc. now owns 12 shares of the construction company’s stock worth $48,000 after buying an additional 6 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of NVR by 71.4% during the fourth quarter. CWM LLC now owns 12 shares of the construction company’s stock worth $55,000 after buying an additional 5 shares during the last quarter. Hedge funds and other institutional investors own 82.96% of the company’s stock.

NVR Price Performance

Shares of NVR opened at $5,840.00 on Friday. NVR, Inc. has a twelve month low of $3,576.01 and a twelve month high of $5,986.96. The stock’s 50 day moving average is $5,456.40 and its two-hundred day moving average is $4,928.52. The firm has a market capitalization of $18.98 billion, a PE ratio of 12.28, a P/E/G ratio of 3.39 and a beta of 0.98. The company has a current ratio of 5.75, a quick ratio of 3.50 and a debt-to-equity ratio of 0.24.

NVR (NYSE:NVR – Get Rating) last posted its quarterly earnings results on Tuesday, April 25th. The construction company reported $99.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $88.96 by $10.93. NVR had a net margin of 16.20% and a return on equity of 48.97%. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the firm earned $116.56 EPS. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. Research analysts anticipate that NVR, Inc. will post 417.99 earnings per share for the current year.

Insider Activity

In other news, Chairman Paul C. Saville sold 846 shares of NVR stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $5,436.65, for a total transaction of $4,599,405.90. Following the completion of the sale, the chairman now directly owns 107,554 shares in the company, valued at approximately $584,733,454.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Chairman Paul C. Saville sold 846 shares of NVR stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $5,436.65, for a total transaction of $4,599,405.90. Following the completion of the sale, the chairman now directly owns 107,554 shares in the company, valued at approximately $584,733,454.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Matthew B. Kelpy sold 632 shares of NVR stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $5,379.77, for a total transaction of $3,400,014.64. Following the sale, the chief accounting officer now owns 230 shares of the company’s stock, valued at $1,237,347.10. The disclosure for this sale can be found here. In the last three months, insiders sold 7,327 shares of company stock worth $38,173,143. Company insiders own 8.60% of the company’s stock.

Analyst Ratings Changes

NVR has been the topic of a number of research reports. StockNews.com started coverage on NVR in a report on Thursday, March 16th. They set a “buy” rating on the stock. KeyCorp lifted their price objective on NVR from $5,120.00 to $6,000.00 and gave the company an “overweight” rating in a report on Monday, February 6th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, NVR presently has a consensus rating of “Moderate Buy” and an average target price of $4,956.00.

About NVR

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NVR, Inc engages in the construction and sale of single-family detached homes, townhomes and condominium buildings. It operates through the following geographical segments: Mid Atlantic, North East, Mid East, and South East. The company was founded in 1980 and is headquartered in Reston, VA.

See Also

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Institutional Ownership by Quarter for NVR (NYSE:NVR)

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