Generali Asset Management SPA SGR Increases Stake in NVR, Inc. $NVR

Generali Asset Management SPA SGR grew its position in NVR, Inc. (NYSE:NVR) by 28.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 510 shares of the construction company’s stock after acquiring an additional 113 shares during the quarter. Generali Asset Management SPA SGR’s holdings in NVR were worth $3,767,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Boston Partners raised its stake in shares of NVR by 14.0% in the first quarter. Boston Partners now owns 59,077 shares of the construction company’s stock valued at $427,962,000 after acquiring an additional 7,233 shares during the period. Principal Financial Group Inc. raised its stake in shares of NVR by 5.3% in the first quarter. Principal Financial Group Inc. now owns 56,352 shares of the construction company’s stock valued at $408,236,000 after acquiring an additional 2,814 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of NVR by 41.6% in the first quarter. JPMorgan Chase & Co. now owns 52,404 shares of the construction company’s stock worth $379,639,000 after purchasing an additional 15,405 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of NVR by 217,591.3% in the first quarter. Jones Financial Companies Lllp now owns 50,069 shares of the construction company’s stock worth $3,758,000 after purchasing an additional 50,046 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of NVR by 9,358.6% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 48,239 shares of the construction company’s stock worth $356,277,000 after purchasing an additional 47,729 shares during the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Insider Activity

In other news, Director Alexandra A. Jung sold 200 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $8,082.44, for a total value of $1,616,488.00. Following the sale, the director directly owned 75 shares in the company, valued at approximately $606,183. This trade represents a 72.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Matthew B. Kelpy sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $8,100.00, for a total transaction of $4,860,000.00. Following the completion of the sale, the chief accounting officer owned 208 shares in the company, valued at $1,684,800. This represents a 74.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 975 shares of company stock worth $7,869,360. Corporate insiders own 7.00% of the company’s stock.

Analysts Set New Price Targets

NVR has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of NVR from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. UBS Group upped their price target on shares of NVR from $7,900.00 to $8,150.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. upped their price target on shares of NVR from $7,200.00 to $7,600.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NVR in a report on Wednesday, October 8th. Finally, Bank of America dropped their target price on shares of NVR from $9,100.00 to $9,000.00 and set a “buy” rating on the stock in a report on Friday, October 10th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $8,250.00.

NVR Stock Down 1.2%

Shares of NVR stock opened at $7,644.56 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.79 and a quick ratio of 2.97. NVR, Inc. has a 1 year low of $6,562.85 and a 1 year high of $9,964.77. The firm’s 50-day moving average is $8,075.37 and its two-hundred day moving average is $7,569.32. The stock has a market cap of $21.94 billion, a price-to-earnings ratio of 16.13, a PEG ratio of 10.76 and a beta of 0.94.

NVR (NYSE:NVR) last released its quarterly earnings results on Wednesday, July 23rd. The construction company reported $108.54 earnings per share for the quarter, beating analysts’ consensus estimates of $104.89 by $3.65. NVR had a net margin of 14.68% and a return on equity of 37.35%. The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same period last year, the business earned $120.69 EPS. The company’s revenue was down .5% compared to the same quarter last year. As a group, research analysts expect that NVR, Inc. will post 505.2 earnings per share for the current fiscal year.

About NVR

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.