Lakewood Asset Management LLC Grows Holdings in NVR, Inc. (NYSE:NVR)

Lakewood Asset Management LLC raised its position in NVR, Inc. (NYSE:NVR) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 392 shares of the construction company’s stock after buying an additional 2 shares during the period. NVR comprises 2.2% of Lakewood Asset Management LLC’s investment portfolio, making the stock its 11th biggest position. Lakewood Asset Management LLC’s holdings in NVR were worth $3,206,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in shares of NVR by 7.1% during the second quarter. American Century Companies Inc. now owns 3,339 shares of the construction company’s stock worth $25,338,000 after purchasing an additional 220 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of NVR by 1.8% during the second quarter. Envestnet Asset Management Inc. now owns 10,759 shares of the construction company’s stock worth $81,645,000 after purchasing an additional 189 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of NVR by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 29,199 shares of the construction company’s stock worth $221,595,000 after purchasing an additional 906 shares in the last quarter. Renaissance Technologies LLC grew its stake in NVR by 520.0% during the 2nd quarter. Renaissance Technologies LLC now owns 2,480 shares of the construction company’s stock valued at $18,820,000 after acquiring an additional 2,080 shares in the last quarter. Finally, Moors & Cabot Inc. grew its stake in NVR by 5.1% during the 2nd quarter. Moors & Cabot Inc. now owns 103 shares of the construction company’s stock valued at $782,000 after acquiring an additional 5 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on NVR. StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Seaport Res Ptn lowered shares of NVR from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 10th. Bank of America decreased their target price on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. UBS Group decreased their price objective on shares of NVR from $9,450.00 to $8,750.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of NVR from $9,820.00 to $9,245.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $9,531.67.

NVR Price Performance

NVR stock opened at $8,252.36 on Thursday. The firm has a market cap of $25.29 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 1.57 and a beta of 1.20. NVR, Inc. has a 52-week low of $6,800.00 and a 52-week high of $9,964.77. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $8,641.39 and its two-hundred day moving average is $8,838.63.

NVR (NYSE:NVR) last released its earnings results on Tuesday, October 22nd. The construction company reported $130.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.71 billion. NVR had a return on equity of 38.20% and a net margin of 16.51%. NVR’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $125.26 earnings per share. On average, research analysts expect that NVR, Inc. will post 494.48 EPS for the current fiscal year.

NVR announced that its Board of Directors has authorized a stock buyback plan on Wednesday, December 11th that permits the company to repurchase $750.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 2.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at NVR

In other NVR news, Director David A. Preiser sold 250 shares of NVR stock in a transaction on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total value of $2,325,660.00. Following the transaction, the director now directly owns 239 shares in the company, valued at approximately $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Matthew B. Kelpy sold 125 shares of NVR stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $9,507.30, for a total transaction of $1,188,412.50. Following the completion of the transaction, the chief accounting officer now owns 230 shares in the company, valued at approximately $2,186,679. This represents a 35.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 775 shares of company stock valued at $7,294,073 in the last ninety days. Insiders own 7.00% of the company’s stock.

NVR 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.