NVR, Inc. $NVR Position Trimmed by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR trimmed its position in shares of NVR, Inc. (NYSE:NVR) by 42.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 342 shares of the construction company’s stock after selling 255 shares during the period. Generali Asset Management SPA SGR’s holdings in NVR were worth $2,494,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Murphy Middleton Hinkle & Parker Inc. acquired a new stake in shares of NVR during the 4th quarter valued at about $11,610,000. Principal Financial Group Inc. lifted its holdings in shares of NVR by 4.0% during the 3rd quarter. Principal Financial Group Inc. now owns 60,307 shares of the construction company’s stock valued at $484,546,000 after buying an additional 2,331 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of NVR by 262.2% during the 3rd quarter. Nordea Investment Management AB now owns 938 shares of the construction company’s stock valued at $7,522,000 after buying an additional 679 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of NVR by 17.0% during the 3rd quarter. American Century Companies Inc. now owns 6,370 shares of the construction company’s stock valued at $51,181,000 after buying an additional 925 shares during the last quarter. Finally, iA Global Asset Management Inc. acquired a new stake in shares of NVR during the 3rd quarter valued at about $691,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NVR. UBS Group reduced their price target 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. Wall Street Zen raised NVR from a “sell” rating to a “hold” rating in a research note on Saturday. Truist Financial cut their price objective on NVR from $7,100.00 to $6,600.00 and set a “hold” rating on the stock in a research note on Thursday, April 23rd. Seaport Research Partners reissued a “sell” rating and issued a $5,664.00 price objective on shares of NVR in a research note on Tuesday, April 7th. Finally, BTIG Research reissued a “buy” rating and issued a $8,096.00 price objective on shares of NVR in a research note on Wednesday, April 22nd. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, NVR currently has a consensus rating of “Hold” and an average target price of $7,649.33.

NVR Stock Down 0.6%

Shares of NVR stock opened at $5,973.63 on Friday. The stock’s 50 day simple moving average is $6,692.26 and its 200 day simple moving average is $7,212.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.71 and a current ratio of 5.19. NVR, Inc. has a twelve month low of $5,930.00 and a twelve month high of $8,618.28. The company has a market capitalization of $16.13 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 4.34 and a beta of 0.95.

NVR (NYSE:NVR) last issued its quarterly earnings data on Wednesday, April 22nd. The construction company reported $67.76 earnings per share for the quarter, missing analysts’ consensus estimates of $79.97 by ($12.21). NVR had a net margin of 12.93% and a return on equity of 32.66%. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the business posted $94.83 earnings per share. The firm’s revenue was down 21.7% on a year-over-year basis. As a group, research analysts predict that NVR, Inc. will post 380.26 EPS for the current year.

NVR announced that its board has initiated a share buyback plan on Wednesday, February 11th that allows the company to repurchase $750.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 3.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at NVR

In other NVR news, CAO Matthew B. Kelpy sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $8,100.00, for a total value of $4,050,000.00. Following the sale, the chief accounting officer owned 208 shares of the company’s stock, valued at $1,684,800. This trade represents a 70.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Susan Williamson Ross sold 200 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $7,922.06, for a total value of $1,584,412.00. Following the completion of the sale, the director directly owned 386 shares in the company, valued at $3,057,915.16. This trade represents a 34.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 8.60% of the company’s stock.

NVR Company Profile

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.