Lazard Asset Management LLC Trims Holdings in NVR, Inc. (NYSE:NVR)

Lazard Asset Management LLC decreased its stake in shares of NVR, Inc. (NYSE:NVR) by 11.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,354 shares of the construction company’s stock after selling 168 shares during the quarter. Lazard Asset Management LLC’s holdings in NVR were worth $10,967,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its stake in NVR by 38.2% during the fourth quarter. BNP Paribas Financial Markets now owns 3,381 shares of the construction company’s stock worth $23,669,000 after acquiring an additional 934 shares during the last quarter. TD Asset Management Inc grew its stake in shares of NVR by 22.7% in the fourth quarter. TD Asset Management Inc now owns 9,831 shares of the construction company’s stock valued at $68,821,000 after buying an additional 1,819 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of NVR by 1.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,560 shares of the construction company’s stock valued at $44,791,000 after buying an additional 71 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of NVR by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 29,877 shares of the construction company’s stock valued at $209,150,000 after buying an additional 781 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of NVR by 89.6% in the first quarter. Sei Investments Co. now owns 2,653 shares of the construction company’s stock valued at $21,489,000 after buying an additional 1,254 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insiders Place Their Bets

In related news, Director David A. Preiser sold 500 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $7,586.21, for a total value of $3,793,105.00. Following the completion of the sale, the director now directly owns 239 shares of the company’s stock, valued at approximately $1,813,104.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director David A. Preiser sold 500 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $7,586.21, for a total value of $3,793,105.00. Following the completion of the sale, the director now directly owns 239 shares of the company’s stock, valued at approximately $1,813,104.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Paul C. Saville sold 300 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $7,670.42, for a total value of $2,301,126.00. Following the sale, the chairman now directly owns 106,860 shares of the company’s stock, valued at $819,661,081.20. The disclosure for this sale can be found here. Insiders sold 1,600 shares of company stock valued at $12,233,609 in the last ninety days. Insiders own 7.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NVR. UBS Group lifted their price objective on NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. StockNews.com upgraded NVR from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th.

NVR Stock Up 1.5 %

NYSE NVR traded up $128.72 during trading on Friday, reaching $8,600.60. 22,269 shares of the company’s stock were exchanged, compared to its average volume of 19,346. The stock has a market cap of $26.95 billion, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 2.29 and a beta of 1.17. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.97 and a current ratio of 5.84. The company has a 50 day moving average price of $7,743.57 and a two-hundred day moving average price of $7,630.36. NVR, Inc. has a 1 year low of $5,210.49 and a 1 year high of $8,695.00.

NVR (NYSE:NVR) last announced its quarterly earnings results on Tuesday, July 23rd. The construction company reported $120.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $121.65 by ($0.96). The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.48 billion. NVR had a return on equity of 38.51% and a net margin of 16.83%. On average, equities research analysts anticipate that NVR, Inc. will post 499.77 EPS for the current fiscal year.

NVR declared that its board has authorized a stock repurchase plan on Tuesday, May 7th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.