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

Lakewood Asset Management LLC increased its stake in shares of NVR, Inc. (NYSE:NVR) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 portfolio, making the stock its 11th largest holding. Lakewood Asset Management LLC’s holdings in NVR were worth $3,206,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in NVR. Massmutual Trust Co. FSB ADV raised its position in NVR by 100.0% during the third quarter. Massmutual Trust Co. FSB ADV now owns 4 shares of the construction company’s stock worth $39,000 after acquiring an additional 2 shares during the last quarter. Blue Trust Inc. acquired a new position in NVR during the third quarter worth about $39,000. Rakuten Securities Inc. acquired a new position in NVR during the third quarter worth about $39,000. Private Trust Co. NA raised its position in NVR by 66.7% during the third quarter. Private Trust Co. NA now owns 5 shares of the construction company’s stock worth $49,000 after acquiring an additional 2 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of NVR in the third quarter valued at approximately $49,000. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In other NVR news, CAO Matthew B. Kelpy sold 125 shares of the 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 transaction, the chief accounting officer now directly owns 230 shares in the company, valued at $2,186,679. This represents a 35.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David A. Preiser sold 250 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the transaction, the director now owns 239 shares in the company, valued at $2,223,330.96. This trade represents a 51.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 775 shares of company stock worth $7,294,073. 7.00% of the stock is currently owned by company insiders.

NVR Price Performance

NVR opened at $8,252.36 on Thursday. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21. NVR, Inc. has a 52-week low of $6,800.00 and a 52-week high of $9,964.77. The company has a 50 day moving average of $8,641.39 and a two-hundred day moving average of $8,838.63. The company has a market cap of $25.29 billion, a P/E ratio of 16.87, a P/E/G ratio of 1.57 and a beta of 1.20.

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

NVR declared that its board has approved a share buyback plan on Wednesday, December 11th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 2.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

NVR Company 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.